Under Armour, Inc. (NYSE:UA – Get Free Report)’s stock price traded down 6.2% on Wednesday . The company traded as low as $7.54 and last traded at $7.57. 1,497,206 shares changed hands during trading, a decline of 52% from the average session volume of 3,098,501 shares. The stock had previously closed at $8.07.
Analyst Ratings Changes
Separately, Stifel Nicolaus dropped their price objective on shares of Under Armour from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Monday, June 24th.
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Under Armour Stock Down 0.1 %
Institutional Trading of Under Armour
Several hedge funds have recently bought and sold shares of UA. Gateway Wealth Partners LLC acquired a new stake in shares of Under Armour in the second quarter valued at approximately $124,000. Algert Global LLC bought a new position in Under Armour in the 2nd quarter worth approximately $98,000. AQR Capital Management LLC increased its position in Under Armour by 87.6% in the 2nd quarter. AQR Capital Management LLC now owns 24,468 shares of the company’s stock valued at $160,000 after acquiring an additional 11,426 shares during the period. Squarepoint Ops LLC increased its position in Under Armour by 54.5% in the 2nd quarter. Squarepoint Ops LLC now owns 113,618 shares of the company’s stock valued at $742,000 after acquiring an additional 40,058 shares during the period. Finally, ProShare Advisors LLC bought a new stake in Under Armour during the 2nd quarter valued at $118,000. 36.35% of the stock is currently owned by institutional investors.
Under Armour Company Profile
Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.
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