The most recent filing that ProShare Advisors LLC submitted to the Securities and Exchange Commission revealed that during the third quarter, the company’s holdings in Under Armour, INC (NYSE: UAA) were reduced by 87.3%.
The institutional investor now holds 10,618 shares of the company’s stock in their portfolio, following the sale of 73,038 shares of the company’s stock during the most recent quarter.
The value of the holdings that ProShare Advisors LLC had in Under Armour as of the end of the most recent reporting period was $71,000.
Other institutional investors have been buying and selling shares of UAA recently, indicating that they are active in the market.
During the second quarter, Synovus Financial Corporation achieved a 2.8% increase in the proportion of Under Armour stock it owned.
During the most recent fiscal quarter, Synovus Financial Corporation purchased 1,181 shares of the company.
This brings the total number of shares that the company owns in the enterprise to 43,282, with a value of $361,000.
The National Bank of Canada Financial Institution increased the amount of Under Armour stock owned by 9.1 percent over the second quarter. National Bank of Canada FI now has 16,250 shares, which are currently valued at $127,000, after purchasing an additional 1,353 shares of the company during the time in question.
These shares were purchased during the period in question.
During the second quarter, Northwestern Mutual Wealth Management Company increased the percentage of its portfolio that was invested in Under Armour by 48.5%.
This was the company’s second consecutive quarter of growth in this area.
After purchasing an additional 1,353 shares during the most recent quarter, Northwestern Mutual Wealth Management Co now has 4,142 shares.
These shares are valued at $35,000 after the company’s most recent acquisition.
The amount of Under Armour stock owned by US Bancorp DE increased by 37.4% during the second quarter due to the company’s acquisition of additional shares.
After purchasing an additional 1,431 shares during the most recent quarter, US Bancorp DE now has 5,258 shares of the company, and the total value of those shares is $43,000.
This brings the total number of shares owned by the company to 5,258.
Last but not least, during the second quarter, Cetera Advisors LLC increased the amount of Under Armour stock owned by 15.7%.
This certainly should not be considered the least important point.
The most recent quarter saw Cetera Advisors LLC acquire 1,596 additional shares of the company’s stock, bringing their total number of shares owned to 11,734, with a value of $98,000.
This brings the total number of shares owned in the business to 11,734.
Institutional investors hold the total number of shares issued by the company to the extent that these investors hold 33.04 percent of the total.
The moving average price of the share of stock over the previous fifty days is $10.81, while the moving average price of the share over the previous 200 days is $9.28. UAA began trading on the NYSE on Thursday for $11.22 per share.
There is no difference between the debt-to-equity ratio, the current ratio, and the quick ratio, which all come in at 1.36, 2.09, and 0.37, respectively. Over the previous year, Under Armour, INC saw prices that ranged from $20.65 to their highest and lowest points.
The company’s P/E ratio is currently sitting at 36.19, its P/E/G ratio is currently sitting at 4.93, and its beta is currently sitting at 1.52; the market capitalization of the company is currently valued at $5.07 billion.
The opinions of various brokerage houses have been collected and presented regarding UAA. Under Armour was included in Bank of America’s coverage for the very first time on November 1, a Tuesday.
They gave the stock a ” neutral ” rating and predicted it would reach $8.00 in price over the next twelve months. Raymond James initiated coverage of Under Armour on Wednesday, October 12, by issuing a research note, which marked the beginning of the company’s coverage.
They rated the company’s performance in the market as “market perform” overall. Wells Fargo & Company stated in a study made public on Friday, December 23, that the price they anticipate Under Armour shares would reach had been reduced from $20.00 to $14.00.
The study on Under Armour was conducted and made public.
After rating Under Armor shares with a “hold” rating in the past, Stifel Nicolaus changed their mind and decided to give them a “buy” rating in a research report published on Monday, December 12.
In addition, they decided to raise the price goal they had established for the company from $9.00 to $12.00. JPMorgan Chase & Co increased its price target on shares of Under Armour from $11.00 to $13.00 and gave the stock an “overweight” rating in a research report published on Monday, January 23.
The company made this change at the very end, but it was by no means the least important. Several different investment analysts have each provided one of three distinct evaluations for the stock:
A buy rating from eight of them
A hold rating from seventeen of them
A sell rating from one of them
The information made available by Bloomberg indicates that the current recommendation for Under Armour is “Hold” and that the price target has been established at $11.30.
Under Armour, INC designs, markets, and distributes branded athletic apparel, footwear, and accessories for males, females, and children.
The company’s products can be found for all three genders.
These items are offered in a wide range of sizes and are suitable for both men and women.
Its business is divided into several segments, including North America, Europe, the Middle East, Asia-Pacific, Latin America, and Connected Fitness. Customers are offered digital fitness subscriptions and online advertising via the Connected Fitness business sector’s applications, which include MapMyFitness, MyFitnessPal, and Endomondo.
You might be curious to know which other hedge funds have UAA as an investment component in their portfolios.
By going to HoldingsChannel.com, you can research the most recent 13F filings and insider transactions for Under Armour, INC (NYSE: UAA).
Source: beststocks.com
