Prudential PLC Buys New Position in Under Armour, Inc. (NYSE:UA)

Prudential PLC acquired a new position in shares of Under Armour, Inc. (NYSE:UAGet Rating) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 12,264 shares of the company’s stock, valued at approximately $221,000.

Other institutional investors also recently bought and sold shares of the company. CWM LLC acquired a new stake in Under Armour during the 4th quarter worth approximately $55,000. Nomura Asset Management Co. Ltd. lifted its position in Under Armour by 66.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,191 shares of the company’s stock worth $58,000 after acquiring an additional 1,271 shares during the period. Eaton Vance Management lifted its position in Under Armour by 13.7% during the 3rd quarter. Eaton Vance Management now owns 3,977 shares of the company’s stock worth $62,000 after acquiring an additional 478 shares during the period. North Star Investment Management Corp. lifted its position in Under Armour by 117.7% during the 4th quarter. North Star Investment Management Corp. now owns 3,549 shares of the company’s stock worth $64,000 after acquiring an additional 1,919 shares during the period. Finally, Franklin Resources Inc. lifted its position in Under Armour by 151.4% during the 3rd quarter. Franklin Resources Inc. now owns 4,450 shares of the company’s stock worth $78,000 after acquiring an additional 2,680 shares during the period. 36.34% of the stock is owned by institutional investors.

In related news, CAO Aditya Maheshwari sold 2,899 shares of the firm’s stock in a transaction that occurred on Monday, February 28th. The stock was sold at an average price of $15.64, for a total value of $45,340.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.70% of the stock is owned by company insiders.

A number of research firms have weighed in on UA. TheStreet cut Under Armour from a “b-” rating to a “c+” rating in a research report on Friday, April 1st. Morgan Stanley raised Under Armour from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $23.00 to $24.00 in a report on Wednesday, February 2nd. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $26.00.

UA opened at $8.48 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.30 and a quick ratio of 1.74. The business has a 50 day simple moving average of $13.78 and a 200-day simple moving average of $16.28. The stock has a market capitalization of $4.04 billion, a P/E ratio of 18.04 and a beta of 1.29. Under Armour, Inc. has a 12 month low of $8.09 and a 12 month high of $23.00.

About Under Armour (Get Rating)

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

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

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