Under Armour Inc (UA) Stake Lessened by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its position in shares of Under Armour Inc (NYSE:UA) by 75.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,791 shares of the company’s stock after selling 26,672 shares during the quarter. Russell Investments Group Ltd.’s holdings in Under Armour were worth $132,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. IHT Wealth Management LLC raised its holdings in shares of Under Armour by 48.4% during the second quarter. IHT Wealth Management LLC now owns 935 shares of the company’s stock valued at $286,000 after acquiring an additional 305 shares during the period. Balyasny Asset Management LLC raised its holdings in shares of Under Armour by 13.6% during the second quarter. Balyasny Asset Management LLC now owns 38,800 shares of the company’s stock valued at $782,000 after acquiring an additional 4,644 shares during the period. Kazazian Asset Management LLC raised its holdings in shares of Under Armour by 33.3% during the second quarter. Kazazian Asset Management LLC now owns 20,000 shares of the company’s stock valued at $403,000 after acquiring an additional 5,000 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Under Armour by 10.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 69,837 shares of the company’s stock valued at $1,049,000 after acquiring an additional 6,426 shares during the period. Finally, LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Under Armour during the third quarter valued at approximately $103,000. Institutional investors and hedge funds own 31.84% of the company’s stock.

A number of research firms have recently issued reports on UA. Vetr lowered shares of Under Armour from a “buy” rating to a “hold” rating and set a $14.91 price target on the stock. in a report on Wednesday, January 3rd. Susquehanna Bancshares reiterated a “sell” rating and issued a $11.00 price objective on shares of Under Armour in a research note on Tuesday. Piper Jaffray Companies set a $11.00 price objective on shares of Under Armour and gave the company a “hold” rating in a research note on Tuesday, October 31st. Wells Fargo & Co lowered shares of Under Armour from a “market perform” rating to a “sell” rating and dropped their price objective for the company from $17.00 to $13.00 in a research note on Tuesday, September 19th. Finally, Canaccord Genuity set a $15.00 price objective on shares of Under Armour and gave the company a “hold” rating in a research note on Thursday, October 12th. Nine research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Under Armour has an average rating of “Hold” and an average target price of $16.14.

Under Armour Inc (NYSE:UA) opened at $14.10 on Wednesday. Under Armour Inc has a 12 month low of $10.36 and a 12 month high of $27.64. The company has a market cap of $6,470.00 and a price-to-earnings ratio of 44.06.

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About Under Armour

Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.

Institutional Ownership by Quarter for Under Armour (NYSE:UA)

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