WealthPLAN Partners LLC Boosts Stake in Under Armour Inc Class C (UA)

WealthPLAN Partners LLC lifted its stake in Under Armour Inc Class C (NYSE:UA) by 20.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 152,572 shares of the company’s stock after acquiring an additional 25,637 shares during the quarter. WealthPLAN Partners LLC’s holdings in Under Armour Inc Class C were worth $2,189,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of UA. Oppenheimer & Co. Inc. increased its position in Under Armour Inc Class C by 117.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 90,820 shares of the company’s stock worth $1,210,000 after buying an additional 49,051 shares during the last quarter. Bank of New York Mellon Corp increased its position in Under Armour Inc Class C by 21.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,665,961 shares of the company’s stock worth $22,191,000 after buying an additional 294,024 shares during the last quarter. Toronto Dominion Bank increased its position in Under Armour Inc Class C by 12.7% during the fourth quarter. Toronto Dominion Bank now owns 79,642 shares of the company’s stock worth $1,061,000 after buying an additional 8,957 shares during the last quarter. California Public Employees Retirement System increased its position in Under Armour Inc Class C by 2.2% during the fourth quarter. California Public Employees Retirement System now owns 669,834 shares of the company’s stock worth $8,922,000 after buying an additional 14,100 shares during the last quarter. Finally, Guggenheim Capital LLC increased its position in Under Armour Inc Class C by 44.3% during the fourth quarter. Guggenheim Capital LLC now owns 1,230,789 shares of the company’s stock worth $16,393,000 after buying an additional 377,802 shares during the last quarter. 34.12% of the stock is currently owned by institutional investors and hedge funds.

In other Under Armour Inc Class C news, COO Patrik Frisk purchased 14,000 shares of the company’s stock in a transaction that occurred on Friday, May 11th. The stock was purchased at an average price of $16.62 per share, with a total value of $232,680.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William R. Mcdermott sold 6,349 shares of the stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $16.08, for a total transaction of $102,091.92. Following the completion of the transaction, the director now directly owns 68,221 shares of the company’s stock, valued at approximately $1,096,993.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,721 shares of company stock valued at $771,842. 16.00% of the stock is owned by corporate insiders.

Shares of Under Armour Inc Class C traded up $0.04, hitting $21.81, during mid-day trading on Thursday, according to Marketbeat Ratings. The company had a trading volume of 95,770 shares, compared to its average volume of 4,244,364. Under Armour Inc Class C has a 12 month low of $10.36 and a 12 month high of $22.58. The stock has a market cap of $9.86 billion, a PE ratio of 116.68 and a beta of -0.46.

Several equities analysts have commented on UA shares. Canaccord Genuity set a $9.00 target price on shares of Under Armour Inc Class C and gave the stock a “sell” rating in a research report on Friday, March 16th. Vetr cut shares of Under Armour Inc Class C from a “sell” rating to a “strong sell” rating and set a $11.98 price target for the company. in a report on Thursday, February 22nd. Pivotal Research restated a “hold” rating and set a $16.00 price target on shares of Under Armour Inc Class C in a report on Friday, April 27th. B. Riley restated a “sell” rating and set a $9.00 price target on shares of Under Armour Inc Class C in a report on Wednesday, May 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Under Armour Inc Class C from $10.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Eleven investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $14.16.

Under Armour Inc Class C 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 C (NYSE:UA)

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