Seeyond Trims Position in Under Armour Inc (NYSE:UAA)

Seeyond lessened its stake in shares of Under Armour Inc (NYSE:UAA) by 18.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,894 shares of the company’s stock after selling 1,290 shares during the period. Seeyond’s holdings in Under Armour were worth $149,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Liberty Wealth Management LLC purchased a new position in shares of Under Armour during the 2nd quarter worth $25,000. Rehmann Capital Advisory Group purchased a new position in shares of Under Armour during the 1st quarter worth $28,000. Bremer Bank National Association purchased a new position in shares of Under Armour during the 1st quarter worth $42,000. Sandy Spring Bank raised its holdings in shares of Under Armour by 25.7% during the 2nd quarter. Sandy Spring Bank now owns 2,835 shares of the company’s stock worth $71,000 after acquiring an additional 580 shares during the period. Finally, NEXT Financial Group Inc raised its holdings in shares of Under Armour by 100.6% during the 2nd quarter. NEXT Financial Group Inc now owns 3,894 shares of the company’s stock worth $99,000 after acquiring an additional 1,953 shares during the period. Institutional investors and hedge funds own 38.48% of the company’s stock.

Several analysts recently issued reports on UAA shares. UBS Group reduced their price objective on shares of Under Armour from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, September 9th. Wells Fargo & Co boosted their price objective on shares of Under Armour from $22.00 to $26.00 and gave the company a “market perform” rating in a report on Thursday, June 13th. Sanford C. Bernstein upgraded shares of Under Armour from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $16.00 to $17.00 in a report on Tuesday, September 3rd. Pivotal Research restated a “hold” rating and issued a $25.00 price objective (up from $23.00) on shares of Under Armour in a report on Wednesday, July 24th. Finally, ValuEngine lowered shares of Under Armour from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $23.88.



UAA traded down $0.01 on Monday, hitting $21.17. The company had a trading volume of 193,420 shares, compared to its average volume of 4,025,784. The firm has a market cap of $9.42 billion, a P/E ratio of 78.33, a PEG ratio of 2.37 and a beta of 0.57. The company has a current ratio of 1.83, a quick ratio of 1.11 and a debt-to-equity ratio of 0.58. The company’s fifty day moving average price is $20.45 and its 200 day moving average price is $22.80. Under Armour Inc has a 1 year low of $16.52 and a 1 year high of $27.72.

Under Armour (NYSE:UAA) last released its earnings results on Tuesday, July 30th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.20 billion. Under Armour had a return on equity of 7.86% and a net margin of 1.62%. Under Armour’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.08) EPS. On average, analysts predict that Under Armour Inc will post 0.34 earnings per share for the current year.

About Under Armour

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 and cold.

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Institutional Ownership by Quarter for Under Armour (NYSE:UAA)

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