PNC Financial Services Group Inc. lessened its holdings in Under Armour Inc Class A (NYSE:UAA) by 4.4% in the second quarter, HoldingsChannel.com reports. The fund owned 56,490 shares of the company’s stock after selling 2,586 shares during the period. PNC Financial Services Group Inc.’s holdings in Under Armour Inc Class A were worth $1,269,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the company. Moors & Cabot Inc. boosted its position in shares of Under Armour Inc Class A by 22.2% in the first quarter. Moors & Cabot Inc. now owns 14,050 shares of the company’s stock valued at $230,000 after acquiring an additional 2,550 shares during the period. Xact Kapitalforvaltning AB boosted its position in shares of Under Armour Inc Class A by 9.6% in the first quarter. Xact Kapitalforvaltning AB now owns 31,305 shares of the company’s stock valued at $512,000 after acquiring an additional 2,740 shares during the period. Baird Financial Group Inc. boosted its position in shares of Under Armour Inc Class A by 6.0% in the first quarter. Baird Financial Group Inc. now owns 55,785 shares of the company’s stock valued at $912,000 after acquiring an additional 3,136 shares during the period. Nissay Asset Management Corp Japan ADV boosted its position in shares of Under Armour Inc Class A by 7.4% in the second quarter. Nissay Asset Management Corp Japan ADV now owns 46,633 shares of the company’s stock valued at $1,048,000 after acquiring an additional 3,218 shares during the period. Finally, Essex Investment Management Co. LLC boosted its position in shares of Under Armour Inc Class A by 25.5% in the second quarter. Essex Investment Management Co. LLC now owns 17,794 shares of the company’s stock valued at $400,000 after acquiring an additional 3,611 shares during the period. 36.77% of the stock is owned by institutional investors.

Shares of NYSE UAA opened at $18.96 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.91 and a quick ratio of 0.94. The stock has a market cap of $8.44 billion, a price-to-earnings ratio of 99.79, a price-to-earnings-growth ratio of 5.56 and a beta of -0.38. Under Armour Inc Class A has a 12 month low of $11.40 and a 12 month high of $24.69.

Under Armour Inc Class A (NYSE:UAA) last issued its earnings results on Thursday, July 26th. The company reported ($0.08) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.08). The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. Under Armour Inc Class A had a positive return on equity of 3.32% and a negative net margin of 3.11%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. sell-side analysts predict that Under Armour Inc Class A will post 0.17 earnings per share for the current year.

A number of brokerages have recently issued reports on UAA. KeyCorp reissued an “overweight” rating and issued a $30.00 target price (up previously from $22.00) on shares of Under Armour Inc Class A in a research report on Thursday, June 7th. Jefferies Financial Group reissued a “buy” rating and issued a $29.00 target price on shares of Under Armour Inc Class A in a research report on Thursday, June 7th. They noted that the move was a valuation call. UBS Group began coverage on shares of Under Armour Inc Class A in a research report on Thursday, June 21st. They issued a “neutral” rating and a $24.00 target price for the company. Stifel Nicolaus boosted their target price on shares of Under Armour Inc Class A from $20.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, June 4th. Finally, ValuEngine downgraded Under Armour Inc Class A from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Eleven analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $17.40.

About Under Armour Inc Class A

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.

See Also: Dividend

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Institutional Ownership by Quarter for Under Armour Inc Class A (NYSE:UAA)

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