Wealthstreet Investment Advisors LLC Decreases Stake in Under Armour Inc (NYSE:UA) – Tech Know Bits
Wealthstreet Investment Advisors LLC reduced its position in shares of Under Armour Inc (NYSE:UA) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. GMT Capital Corp acquired a new position in Under Armour during the first quarter worth about $11,786,000. Following the completion of the sale, the insider now directly owns 196,374 shares of the company’s stock, valued at approximately $3,473,856.06. JPMorgan Chase & Co. upgraded Under Armour from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $23.00 to $29.00 in a report on Friday, May 17th.