Seven Eight Capital LP Sells 24,883 Shares of Under Armour, Inc. (UA)
Seven Eight Capital LP lessened its position in Under Armour, Inc. (NYSE:UA) by 40.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,000 shares of the company’s stock after selling 24,883 shares during the quarter. Seven Eight Capital LP’s holdings in Under Armour were worth $746,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. raised its position in Under Armour by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 6,936 shares of the company’s stock valued at $137,000 after buying an additional 220 shares during the last quarter. First Mercantile Trust Co. acquired a new stake in Under Armour in the 2nd quarter valued at approximately $141,000. Great Lakes Advisors LLC acquired a new stake in Under Armour in the 2nd quarter valued at approximately $202,000. Delta Lloyd Asset Management N.V. acquired a new stake in Under Armour in the 2nd quarter valued at approximately $218,000. Finally, First Financial Equity Corporation acquired a new stake in Under Armour in the 1st quarter valued at approximately $225,000. 31.01% of the stock is currently owned by institutional investors and hedge funds.
Under Armour, Inc. (NYSE UA) opened at 16.46 on Friday. Under Armour, Inc. has a 52 week low of $14.98 and a 52 week high of $34.94. The stock’s 50 day moving average price is $16.25 and its 200 day moving average price is $18.07. The company has a market capitalization of $7.26 billion, a P/E ratio of 33.32 and a beta of 1.08.
Under Armour (NYSE:UA) last issued its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.04. The firm had revenue of $1.09 billion during the quarter. Under Armour had a return on equity of 11.06% and a net margin of 4.38%. Analysts anticipate that Under Armour, Inc. will post $0.38 earnings per share for the current year.
A number of research firms have weighed in on UA. Vetr downgraded Under Armour from a “strong-buy” rating to a “buy” rating and set a $19.69 price target for the company. in a research note on Thursday, June 1st. ValuEngine downgraded Under Armour from a “hold” rating to a “sell” rating in a research note on Saturday, June 3rd. Wells Fargo & Company set a $19.00 price target on Under Armour and gave the company a “hold” rating in a research note on Thursday, June 8th. BidaskClub upgraded Under Armour from a “sell” rating to a “hold” rating in a research note on Friday, June 9th. Finally, Credit Suisse Group set a $17.00 price target on Under Armour and gave the company a “sell” rating in a research note on Wednesday, June 14th. Nine investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $18.60.
Under Armour Profile
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.
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