State Treasurer State of Michigan increased its position in shares of Under Armour Inc (NYSE:UA) by 2.2% in the first quarter, HoldingsChannel reports. The firm owned 55,499 shares of the company’s stock after purchasing an additional 1,200 shares during the period. State Treasurer State of Michigan’s holdings in Under Armour were worth $1,047,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in UA. Cetera Advisor Networks LLC increased its position in Under Armour by 40.1% during the 1st quarter. Cetera Advisor Networks LLC now owns 23,786 shares of the company’s stock valued at $453,000 after purchasing an additional 6,810 shares during the period. Nissay Asset Management Corp Japan ADV lifted its position in Under Armour by 13.0% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 76,871 shares of the company’s stock worth $1,451,000 after buying an additional 8,862 shares during the last quarter. South Dakota Investment Council lifted its position in Under Armour by 28.5% in the 1st quarter. South Dakota Investment Council now owns 51,379 shares of the company’s stock worth $970,000 after buying an additional 11,400 shares during the last quarter. Stevens Capital Management LP lifted its position in Under Armour by 162.4% in the 1st quarter. Stevens Capital Management LP now owns 153,037 shares of the company’s stock worth $2,888,000 after buying an additional 94,712 shares during the last quarter. Finally, Joseph P. Lucia & Associates LLC bought a new stake in Under Armour in the 1st quarter worth approximately $271,000. Institutional investors and hedge funds own 32.52% of the company’s stock.

Under Armour stock traded down $0.30 during mid-day trading on Thursday, hitting $21.07. The company had a trading volume of 93,208 shares, compared to its average volume of 2,823,869. The company has a current ratio of 2.02, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58. Under Armour Inc has a 12 month low of $15.05 and a 12 month high of $23.28. The company has a market capitalization of $9.64 billion, a price-to-earnings ratio of 79.15 and a beta of 1.00.

Under Armour (NYSE:UA) last released its earnings results on Thursday, May 2nd. The company reported $0.05 EPS for the quarter. Under Armour had a return on equity of 7.05% and a net margin of 0.12%. The business had revenue of $1.20 billion for the quarter. On average, equities research analysts predict that Under Armour Inc will post 0.35 EPS for the current year.

In other Under Armour news, insider Paul Fipps sold 23,247 shares of the business’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $19.49, for a total value of $453,084.03. Following the sale, the insider now directly owns 362,784 shares of the company’s stock, valued at $7,070,660.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 15.90% of the company’s stock.

UA has been the subject of a number of recent research reports. Pivotal Research restated a “hold” rating and issued a $23.00 target price on shares of Under Armour in a research report on Tuesday, April 30th. Canaccord Genuity set a $13.00 price target on Under Armour and gave the stock a “sell” rating in a research note on Tuesday, March 19th. B. Riley set a $12.00 price target on Under Armour and gave the stock a “sell” rating in a research note on Tuesday, April 9th. ValuEngine cut Under Armour from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Finally, JPMorgan Chase & Co. raised Under Armour from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $23.00 to $29.00 in a research note on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Under Armour presently has an average rating of “Hold” and an average target price of $20.50.

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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 and cold.

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

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