ANTIPODES PARTNERS Ltd purchased a new stake in shares of Under Armour Inc (NYSE:UAA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,783,951 shares of the company’s stock, valued at approximately $25,742,000. Under Armour accounts for 1.5% of ANTIPODES PARTNERS Ltd’s holdings, making the stock its 21st biggest position. ANTIPODES PARTNERS Ltd owned approximately 0.40% of Under Armour at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new position in Under Armour during the second quarter worth about $531,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Under Armour during the second quarter valued at about $15,325,000. Comerica Bank acquired a new stake in shares of Under Armour during the second quarter valued at about $932,000. Principal Financial Group Inc. acquired a new stake in shares of Under Armour during the second quarter valued at about $5,688,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Under Armour during the second quarter valued at about $9,850,000. Institutional investors own 31.91% of the company’s stock.
UAA has been the subject of a number of research reports. Vetr upgraded shares of Under Armour from a “strong sell” rating to a “sell” rating and set a $13.90 price objective for the company in a report on Thursday, December 28th. Zacks Investment Research upgraded shares of Under Armour from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Stifel Nicolaus upgraded shares of Under Armour from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $12.00 to $17.00 in a research report on Friday, December 15th. UBS Group raised shares of Under Armour to a “neutral” rating in a research note on Tuesday, November 7th. Finally, Nomura boosted their price objective on shares of Under Armour from $9.00 to $13.00 and gave the company a “reduce” rating in a research note on Friday, November 10th. Eighteen research analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $14.35.
Shares of Under Armour Inc (NYSE UAA) traded up $0.61 on Friday, reaching $13.75. The company had a trading volume of 9,322,820 shares, compared to its average volume of 6,730,000. Under Armour Inc has a 52-week low of $11.40 and a 52-week high of $23.46. The company has a market capitalization of $5,790.00, a PE ratio of 42.97, a PEG ratio of 3.89 and a beta of -0.04. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.23 and a quick ratio of 1.16.
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Under Armour Company 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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