Schwab Charles Investment Management Inc. Has $25.43 Million Stake in Under Armour Inc Class C (UA)

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Schwab Charles Investment Management Inc. increased its holdings in shares of Under Armour Inc Class C (NYSE:UA) by 28.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,206,374 shares of the company’s stock after acquiring an additional 265,041 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Under Armour Inc Class C were worth $25,431,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of UA. Benjamin F. Edwards & Company Inc. lifted its stake in Under Armour Inc Class C by 155.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,264 shares of the company’s stock valued at $111,000 after buying an additional 3,200 shares in the last quarter. Smithfield Trust Co. purchased a new position in Under Armour Inc Class C in the 1st quarter valued at about $100,000. Kiley Juergens Wealth Management LLC purchased a new position in Under Armour Inc Class C in the 2nd quarter valued at about $160,000. Strs Ohio lifted its stake in Under Armour Inc Class C by 338.1% in the 2nd quarter. Strs Ohio now owns 9,554 shares of the company’s stock valued at $201,000 after buying an additional 7,373 shares in the last quarter. Finally, Cooper Haims Advisors LLC purchased a new position in Under Armour Inc Class C in the 2nd quarter valued at about $202,000. Hedge funds and other institutional investors own 32.75% of the company’s stock.

UA opened at $19.18 on Friday. Under Armour Inc Class C has a 1-year low of $10.36 and a 1-year high of $22.68. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 101.53 and a beta of -0.64.

Under Armour Inc Class C (NYSE:UA) last released its earnings results on Thursday, July 26th. The company reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.01. The business had revenue of $1.17 billion during the quarter. sell-side analysts predict that Under Armour Inc Class C will post 0.17 earnings per share for the current fiscal year.

In other Under Armour Inc Class C news, CFO David Bergman sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $19.89, for a total value of $99,450.00. Following the transaction, the chief financial officer now directly owns 165,166 shares of the company’s stock, valued at approximately $3,285,151.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 16.00% of the company’s stock.

A number of research analysts recently weighed in on the stock. Pivotal Research reaffirmed a “hold” rating and issued a $21.00 price target on shares of Under Armour Inc Class C in a research note on Tuesday, July 17th. Wedbush raised their price target on shares of Under Armour Inc Class C from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, July 20th. Morgan Stanley assumed coverage on shares of Under Armour Inc Class C in a research note on Wednesday, August 1st. They issued a “hold” rating and a $20.00 price target on the stock. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $20.00 price target on shares of Under Armour Inc Class C in a research note on Thursday, July 26th. Nine equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $15.10.

Under Armour Inc Class C 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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