CIBC Asset Management Inc grew its position in Under Armour, Inc. (NYSE:UAA) by 40.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,221 shares of the company’s stock after acquiring an additional 8,356 shares during the period. CIBC Asset Management Inc’s holdings in Under Armour were worth $482,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. D.A. Davidson & CO. purchased a new stake in shares of Under Armour in the second quarter valued at about $118,000. Cornerstone Advisors Inc. purchased a new stake in shares of Under Armour in the second quarter valued at about $124,000. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Under Armour in the second quarter valued at about $129,000. WFG Advisors LP purchased a new stake in shares of Under Armour in the second quarter valued at about $132,000. Finally, Global X Management Co. LLC purchased a new stake in shares of Under Armour in the second quarter valued at about $134,000. 30.79% of the stock is currently owned by institutional investors and hedge funds.

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Under Armour, Inc. (UAA) opened at $13.08 on Monday. The firm has a market cap of $5,777.40, a price-to-earnings ratio of 31.90, a PEG ratio of 3.87 and a beta of -0.15. The company has a quick ratio of 1.16, a current ratio of 2.23 and a debt-to-equity ratio of 0.37. Under Armour, Inc. has a 52 week low of $11.40 and a 52 week high of $33.45.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. analysts anticipate that Under Armour, Inc. will post 0.2 EPS for the current fiscal year.

Several analysts recently commented on the stock. Telsey Advisory Group reduced their price objective on shares of Under Armour from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Wednesday, August 2nd. FBR & Co reiterated an “underperform” rating and issued a $14.00 price objective on shares of Under Armour in a research note on Wednesday, August 2nd. UBS AG reduced their price objective on shares of Under Armour from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. Buckingham Research reduced their price objective on shares of Under Armour from $15.00 to $14.00 and set an “underperform” rating for the company in a research note on Wednesday, August 2nd. Finally, Canaccord Genuity reduced their price objective on shares of Under Armour from $21.00 to $18.00 and set a “hold” rating for the company in a research note on Wednesday, August 2nd. Seventeen equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $17.04.

About Under Armour

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.

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

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