Natixis Sells 8,973 Shares of Under Armour Inc (NYSE:UA)

Natixis reduced its holdings in shares of Under Armour Inc (NYSE:UA) by 39.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,637 shares of the company’s stock after selling 8,973 shares during the quarter. Natixis’ holdings in Under Armour were worth $287,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Benjamin F. Edwards & Company Inc. raised its stake in shares of Under Armour by 155.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,264 shares of the company’s stock valued at $111,000 after buying an additional 3,200 shares during the period. Kiley Juergens Wealth Management LLC bought a new stake in shares of Under Armour during the 2nd quarter valued at $160,000. US Bancorp DE raised its stake in shares of Under Armour by 88.4% during the 2nd quarter. US Bancorp DE now owns 8,459 shares of the company’s stock valued at $178,000 after purchasing an additional 3,969 shares during the period. Summit Financial Wealth Advisors LLC bought a new stake in shares of Under Armour during the 2nd quarter valued at $181,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Under Armour during the 1st quarter valued at $192,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

In other Under Armour news, CFO David Bergman sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $19.89, for a total transaction of $99,450.00. Following the completion of the transaction, the chief financial officer now owns 165,166 shares of the company’s stock, valued at approximately $3,285,151.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 16.00% of the company’s stock.

A number of research firms recently issued reports on UA. Piper Jaffray Companies reiterated a “hold” rating and set a $20.00 price objective on shares of Under Armour in a research note on Thursday, July 26th. Pivotal Research restated a “hold” rating and set a $21.00 target price on shares of Under Armour in a research report on Tuesday, July 17th. Wedbush boosted their target price on Under Armour from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, July 20th. ValuEngine upgraded Under Armour from a “hold” rating to a “buy” rating in a research report on Saturday, September 22nd. Finally, Morgan Stanley initiated coverage on Under Armour in a research report on Wednesday, August 1st. They set a “hold” rating and a $20.00 target price for the company. Eight analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. Under Armour currently has an average rating of “Hold” and an average price target of $15.17.

UA opened at $17.68 on Tuesday. The company has a market cap of $8.66 billion, a price-to-earnings ratio of 93.95 and a beta of -0.67. Under Armour Inc has a one year low of $10.36 and a one year high of $22.68.

Under Armour (NYSE:UA) last released its quarterly earnings results on Thursday, July 26th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. The business had revenue of $1.17 billion for the quarter. On average, equities research analysts forecast that Under Armour Inc will post 0.17 earnings per share for the current fiscal year.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes.

Further Reading: Book Value Per Share – BVPS

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

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