Strs Ohio Has $212,000 Stake in Under Armour Inc Class A (UAA)

Strs Ohio lifted its stake in Under Armour Inc Class A (NYSE:UAA) by 268.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,435 shares of the company’s stock after buying an additional 6,877 shares during the period. Strs Ohio’s holdings in Under Armour Inc Class A were worth $212,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. purchased a new position in shares of Under Armour Inc Class A in the first quarter worth about $112,000. Cerebellum GP LLC purchased a new position in shares of Under Armour Inc Class A in the second quarter worth about $171,000. Cornerstone Wealth Management LLC purchased a new position in shares of Under Armour Inc Class A in the second quarter worth about $370,000. Sigma Planning Corp purchased a new position in shares of Under Armour Inc Class A in the second quarter worth about $210,000. Finally, Cooper Haims Advisors LLC purchased a new position in shares of Under Armour Inc Class A in the second quarter worth about $213,000. Hedge funds and other institutional investors own 36.78% of the company’s stock.

Shares of NYSE:UAA opened at $18.96 on Friday. Under Armour Inc Class A has a 1 year low of $11.40 and a 1 year high of $24.69. The stock has a market cap of $8.93 billion, a P/E ratio of 99.79, a price-to-earnings-growth ratio of 5.88 and a beta of -0.37. The company has a current ratio of 1.91, a quick ratio of 0.94 and a debt-to-equity ratio of 0.39.

Under Armour Inc Class A (NYSE:UAA) last announced its quarterly earnings results on Thursday, July 26th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08). Under Armour Inc Class A had a positive return on equity of 3.32% and a negative net margin of 3.11%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the business earned ($0.03) EPS. Under Armour Inc Class A’s revenue was up 7.7% compared to the same quarter last year. analysts expect that Under Armour Inc Class A will post 0.17 earnings per share for the current fiscal year.

UAA has been the topic of several analyst reports. Citigroup lifted their price objective on Under Armour Inc Class A from $18.00 to $22.00 and gave the stock a “$21.81” rating in a report on Wednesday, July 18th. Jefferies Financial Group reiterated a “buy” rating and issued a $29.00 price objective on shares of Under Armour Inc Class A in a report on Thursday, June 7th. They noted that the move was a valuation call. Stifel Nicolaus lifted their price objective on Under Armour Inc Class A from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, June 4th. Morgan Stanley initiated coverage on Under Armour Inc Class A in a report on Wednesday, August 1st. They issued an “equal weight” rating and a $20.00 price objective on the stock. Finally, ValuEngine upgraded Under Armour Inc Class A from a “sell” rating to a “hold” rating in a report on Saturday, May 26th. Eleven equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. Under Armour Inc Class A has a consensus rating of “Hold” and an average price target of $17.40.

Under Armour Inc Class A 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 A (NYSE:UAA)

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