Under Armour INC Cl A (UA) Stock Price Declined While Bridgecreek Investment Management LLC Has Trimmed Its Stake

January 15, 2018 - By Henry Gaston

Bridgecreek Investment Management Llc decreased its stake in Under Armour Inc Cl A (UA) by 93.01% based on its latest 2017Q3 regulatory filing with the SEC. Bridgecreek Investment Management Llc sold 232,990 shares as the company’s stock declined 9.57% while stock markets rallied. The institutional investor held 17,500 shares of the consumer non-durables company at the end of 2017Q3, valued at $288,000, down from 250,490 at the end of the previous reported quarter. Bridgecreek Investment Management Llc who had been investing in Under Armour Inc Cl A for a number of months, seems to be less bullish one the $6.45B market cap company. The stock increased 0.07% or $0.01 during the last trading session, reaching $14.14. About 4.57 million shares traded. Under Armour, Inc. (NYSE:UA) has declined 48.39% since January 15, 2017 and is downtrending. It has underperformed by 65.09% the S&P500.

More notable recent Under Armour, Inc. (NYSE:UA) news were published by: Seekingalpha.com which released: “Is Kevin Plank Preparing His Exit From Under Armour?” on December 25, 2017, also Seekingalpha.com with their article: “Under Armour: Dead Cat Bounce Or V-Shaped Recovery?” published on December 20, 2017, Investorplace.com published: “Under Armour Inc Stock Price Is Nowhere Close to Being a Buy” on December 19, 2017. More interesting news about Under Armour, Inc. (NYSE:UA) were released by: Investorplace.com and their article: “There’s Only One Way out for Under Armour Inc Stock” published on January 04, 2018 as well as Investorplace.com‘s news article titled: “Is It Finally Time to Buy Under Armour Inc Stock?” with publication date: January 09, 2018.

Under Armour, Inc. (NYSE:UA) Ratings Coverage

Among 37 analysts covering Under Armour (NYSE:UA), 8 have Buy rating, 9 Sell and 20 Hold. Therefore 22% are positive. Under Armour had 106 analyst reports since July 21, 2015 according to SRatingsIntel. As per Thursday, June 15, the company rating was maintained by Susquehanna. The rating was upgraded by Stifel Nicolaus on Friday, December 15 to “Buy”. As per Wednesday, October 26, the company rating was downgraded by Cowen & Co. The rating was maintained by Susquehanna on Tuesday, June 27 with “Sell”. On Wednesday, April 26 the stock rating was maintained by Oppenheimer with “Market Perform”. Morgan Stanley downgraded the shares of UA in report on Monday, January 11 to “Underweight” rating. Susquehanna maintained the stock with “Sell” rating in Tuesday, August 1 report. The firm earned “Buy” rating on Monday, September 25 by KeyBanc Capital Markets. The rating was maintained by Piper Jaffray on Wednesday, August 12 with “Buy”. The stock of Under Armour, Inc. (NYSE:UA) has “Hold” rating given on Tuesday, August 1 by Oppenheimer.

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