Under Armour, Inc. (UA) Short Interest Down 13.6% in October

Under Armour, Inc. (NYSE:UA) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 32,527,961 shares, a decrease of 13.6% from the October 13th total of 37,648,765 shares. Based on an average trading volume of 7,386,754 shares, the days-to-cover ratio is currently 4.4 days. Currently, 17.9% of the shares of the stock are short sold.

Several institutional investors and hedge funds have recently modified their holdings of the company. Bares Capital Management Inc. increased its holdings in shares of Under Armour by 5.9% in the 3rd quarter. Bares Capital Management Inc. now owns 8,091,563 shares of the company’s stock valued at $121,535,000 after purchasing an additional 447,650 shares during the period. California Public Employees Retirement System increased its holdings in shares of Under Armour by 0.8% in the 3rd quarter. California Public Employees Retirement System now owns 655,734 shares of the company’s stock valued at $9,849,000 after purchasing an additional 5,500 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Under Armour by 21.1% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 93,273 shares of the company’s stock valued at $1,406,000 after purchasing an additional 16,251 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Under Armour by 579.2% in the 3rd quarter. Janus Henderson Group PLC now owns 237,963 shares of the company’s stock valued at $3,571,000 after purchasing an additional 202,927 shares during the period. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Under Armour by 6.0% in the 3rd quarter. Asset Management One Co. Ltd. now owns 330,080 shares of the company’s stock valued at $4,959,000 after purchasing an additional 18,719 shares during the period. Institutional investors own 30.10% of the company’s stock.

A number of brokerages have weighed in on UA. Deutsche Bank AG downgraded shares of Under Armour from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Vetr raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $18.88 price target for the company in a report on Tuesday, July 25th. BidaskClub downgraded shares of Under Armour from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Buckingham Research set a $15.00 price target on shares of Under Armour and gave the company a “sell” rating in a report on Thursday, July 27th. Finally, Jefferies Group LLC set a $28.00 price target on shares of Under Armour and gave the company a “buy” rating in a report on Monday, July 31st. Eight investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company’s stock. Under Armour currently has an average rating of “Hold” and a consensus target price of $16.49.

Under Armour (NYSE UA) opened at $11.11 on Thursday. The firm has a market capitalization of $4,828.07, a PE ratio of 26.71 and a beta of 0.70. Under Armour has a twelve month low of $10.36 and a twelve month high of $29.53.

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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.

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