Stifel Financial Corp cut its stake in Under Armour Inc (NYSE:UA) by 11.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,384 shares of the company’s stock after selling 13,745 shares during the period. Stifel Financial Corp’s holdings in Under Armour were worth $1,618,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Harris Associates L P bought a new position in shares of Under Armour in the second quarter worth $22,967,000. American Century Companies Inc. bought a new position in shares of Under Armour in the second quarter worth $19,429,000. Contrarius Investment Management Ltd bought a new position in shares of Under Armour in the second quarter worth $17,656,000. Dimensional Fund Advisors LP grew its stake in shares of Under Armour by 159.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,025,064 shares of the company’s stock worth $15,397,000 after purchasing an additional 629,862 shares in the last quarter. Finally, GMT Capital Corp bought a new position in shares of Under Armour in the third quarter worth $9,381,000. 31.84% of the stock is currently owned by hedge funds and other institutional investors.

Under Armour Inc (NYSE UA) opened at $13.80 on Friday. Under Armour Inc has a 52 week low of $10.36 and a 52 week high of $27.64. The firm has a market capitalization of $6,430.00 and a PE ratio of 43.13.

Several research analysts have recently issued reports on UA shares. Pivotal Research set a $17.00 price target on Under Armour and gave the stock a “hold” rating in a research note on Sunday, October 29th. Stifel Nicolaus raised Under Armour from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Friday, December 15th. Vetr cut Under Armour from a “strong-buy” rating to a “buy” rating and set a $18.79 price target for the company. in a research note on Wednesday, September 13th. SunTrust Banks cut Under Armour from a “buy” rating to a “hold” rating and set a $14.00 price target for the company. in a research note on Wednesday, November 1st. Finally, Susquehanna Bancshares reaffirmed a “sell” rating and set a $15.00 target price on shares of Under Armour in a research note on Monday, October 23rd. Eight research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.00.

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

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