Wright Investors Service Inc. Purchases Shares of 34,065 Under Armour, Inc. (NYSE:UAA)

Wright Investors Service Inc. acquired a new position in Under Armour, Inc. (NYSE:UAA) during the third quarter, according to its most recent filing with the SEC. The firm acquired 34,065 shares of the company’s stock, valued at approximately $304,000.

Several other hedge funds have also recently made changes to their positions in UAA. SG Americas Securities LLC lifted its stake in Under Armour by 54.1% in the third quarter. SG Americas Securities LLC now owns 115,383 shares of the company’s stock worth $1,028,000 after acquiring an additional 40,521 shares during the period. Maven Securities LTD lifted its position in shares of Under Armour by 11.8% in the 2nd quarter. Maven Securities LTD now owns 1,341,798 shares of the company’s stock worth $8,950,000 after purchasing an additional 141,556 shares during the period. Disciplined Growth Investors Inc. MN boosted its stake in shares of Under Armour by 1.3% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock valued at $36,102,000 after purchasing an additional 70,731 shares in the last quarter. Algert Global LLC bought a new stake in shares of Under Armour during the 2nd quarter valued at about $127,000. Finally, Lombard Odier Asset Management USA Corp purchased a new position in shares of Under Armour during the second quarter valued at about $316,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

Under Armour Stock Up 2.8 %

Shares of UAA traded up $0.24 on Friday, hitting $8.84. 6,813,470 shares of the stock traded hands, compared to its average volume of 9,965,862. Under Armour, Inc. has a one year low of $6.17 and a one year high of $9.50. The company has a market capitalization of $3.86 billion, a PE ratio of 16.37, a P/E/G ratio of 4.17 and a beta of 1.66. The business has a 50 day simple moving average of $7.84 and a 200 day simple moving average of $7.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.73.

Under Armour (NYSE:UAA) last posted its earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.14 billion. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.02 EPS. As a group, equities analysts forecast that Under Armour, Inc. will post 0.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Stifel Nicolaus raised their price objective on shares of Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Barclays raised their target price on Under Armour from $6.00 to $8.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Wedbush upped their price target on Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Morgan Stanley downgraded Under Armour from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $8.00 to $4.00 in a report on Tuesday, July 23rd. Finally, BMO Capital Markets boosted their target price on shares of Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Under Armour has an average rating of “Hold” and an average price target of $7.57.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.