Swiss National Bank Sells 81,800 Shares of Under Armour (UA)

Swiss National Bank decreased its holdings in shares of Under Armour (NYSE:UA) by 11.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 606,112 shares of the company’s stock after selling 81,800 shares during the quarter. Swiss National Bank owned about 0.14% of Under Armour worth $8,698,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of UA. ArrowMark Colorado Holdings LLC lifted its holdings in shares of Under Armour by 166.4% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 6,192,627 shares of the company’s stock valued at $82,486,000 after acquiring an additional 3,867,716 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Under Armour by 159.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,025,064 shares of the company’s stock valued at $15,397,000 after acquiring an additional 629,862 shares in the last quarter. Capital Analysts LLC lifted its holdings in shares of Under Armour by 551,716.0% during the 4th quarter. Capital Analysts LLC now owns 551,816 shares of the company’s stock valued at $31,398,000 after acquiring an additional 551,716 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Under Armour by 44.3% during the 4th quarter. Guggenheim Capital LLC now owns 1,230,789 shares of the company’s stock valued at $16,393,000 after acquiring an additional 377,802 shares in the last quarter. Finally, State of Wisconsin Investment Board lifted its holdings in shares of Under Armour by 910.1% during the 4th quarter. State of Wisconsin Investment Board now owns 411,795 shares of the company’s stock valued at $5,485,000 after acquiring an additional 371,029 shares in the last quarter. Institutional investors and hedge funds own 34.41% of the company’s stock.

In other news, Director William R. Mcdermott sold 6,349 shares of Under Armour stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $16.08, for a total value of $102,091.92. Following the completion of the transaction, the director now directly owns 68,221 shares of the company’s stock, valued at approximately $1,096,993.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Patrik Frisk purchased 14,000 shares of the firm’s stock in a transaction dated Friday, May 11th. The stock was acquired at an average cost of $16.62 per share, with a total value of $232,680.00. The disclosure for this purchase can be found here. Insiders sold a total of 67,364 shares of company stock valued at $1,068,255 in the last three months. Insiders own 16.00% of the company’s stock.

UA opened at $18.88 on Friday. The stock has a market capitalization of $7.95 billion, a PE ratio of 94.16 and a beta of -0.76. Under Armour has a 1-year low of $10.36 and a 1-year high of $21.81.

Several research firms recently issued reports on UA. Stifel Nicolaus set a $18.00 price target on shares of Under Armour and gave the stock a “buy” rating in a research note on Tuesday, April 24th. Deutsche Bank raised shares of Under Armour to a “hold” rating and set a $16.00 price target on the stock in a research note on Monday, April 23rd. Canaccord Genuity reaffirmed a “sell” rating and set a $9.00 price target on shares of Under Armour in a research note on Monday, April 30th. Raymond James reaffirmed a “sell” rating on shares of Under Armour in a research note on Tuesday, February 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Under Armour from $10.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Eleven investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.16.

About Under Armour

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.

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

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