WealthPLAN Partners LLC lessened its position in Under Armour Inc Class C (NYSE:UA) by 15.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,491 shares of the company’s stock after selling 24,081 shares during the quarter. WealthPLAN Partners LLC’s holdings in Under Armour Inc Class C were worth $2,709,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Under Armour Inc Class C by 155.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,264 shares of the company’s stock worth $111,000 after purchasing an additional 3,200 shares during the period. US Bancorp DE increased its holdings in shares of Under Armour Inc Class C by 88.4% during the 2nd quarter. US Bancorp DE now owns 8,459 shares of the company’s stock worth $178,000 after purchasing an additional 3,969 shares during the period. Rhumbline Advisers increased its holdings in shares of Under Armour Inc Class C by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 325,109 shares of the company’s stock worth $6,853,000 after purchasing an additional 4,107 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Under Armour Inc Class C by 9.1% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 62,421 shares of the company’s stock worth $1,316,000 after purchasing an additional 5,200 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Under Armour Inc Class C by 1.6% during the 2nd quarter. Sei Investments Co. now owns 329,244 shares of the company’s stock worth $6,940,000 after purchasing an additional 5,240 shares during the period. Hedge funds and other institutional investors own 32.73% of the company’s stock.

In other Under Armour Inc Class C news, CFO David Bergman sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $19.89, for a total value of $99,450.00. Following the transaction, the chief financial officer now directly owns 165,166 shares in the company, valued at $3,285,151.74. The transaction was disclosed in a document filed with the SEC, which is available through this link. 16.00% of the stock is owned by insiders.

UA has been the topic of several research reports. Pivotal Research restated a “hold” rating and set a $21.00 price objective on shares of Under Armour Inc Class C in a report on Tuesday, July 17th. Morgan Stanley initiated coverage on shares of Under Armour Inc Class C in a report on Wednesday, August 1st. They set a “hold” rating and a $20.00 price objective on the stock. Piper Jaffray Companies restated a “hold” rating and set a $20.00 price objective on shares of Under Armour Inc Class C in a report on Thursday, July 26th. Finally, Wedbush boosted their price objective on shares of Under Armour Inc Class C from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, July 20th. Eight equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $15.17.

NYSE:UA opened at $17.64 on Tuesday. The stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of 92.85 and a beta of -0.65. Under Armour Inc Class C has a 12 month low of $10.36 and a 12 month high of $22.68.

Under Armour Inc Class C (NYSE:UA) last released its quarterly earnings results on Thursday, July 26th. The company reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.01. The firm had revenue of $1.17 billion during the quarter. equities research analysts predict that Under Armour Inc Class C will post 0.17 EPS for the current year.

Under Armour Inc Class C Company Profile

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 Inc Class C (NYSE:UA)

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