Zeke Capital Advisors LLC Has $237,000 Stock Position in Under Armour Inc (NYSE:UAA)

Zeke Capital Advisors LLC reduced its stake in shares of Under Armour Inc (NYSE:UAA) by 7.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,886 shares of the company’s stock after selling 1,000 shares during the period. Zeke Capital Advisors LLC’s holdings in Under Armour were worth $237,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Liberty Wealth Management LLC acquired a new stake in Under Armour during the 2nd quarter worth approximately $25,000. Ossiam bought a new position in shares of Under Armour during the 2nd quarter worth approximately $30,000. Capital Bank & Trust Co bought a new position in shares of Under Armour during the 2nd quarter worth approximately $45,000. Sandy Spring Bank grew its stake 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 in the last quarter. Finally, NEXT Financial Group Inc grew its stake 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 in the last quarter. Hedge funds and other institutional investors own 38.49% of the company’s stock.

Shares of NYSE:UAA traded down $0.14 during midday trading on Thursday, hitting $20.68. The stock had a trading volume of 131,585 shares, compared to its average volume of 3,188,839. Under Armour Inc has a 12 month low of $16.52 and a 12 month high of $27.72. The company has a quick ratio of 1.11, a current ratio of 1.83 and a debt-to-equity ratio of 0.58. The business’s 50-day simple moving average is $19.96 and its 200-day simple moving average is $22.45. The company has a market cap of $9.36 billion, a P/E ratio of 76.57, a PEG ratio of 2.28 and a beta of 0.59.

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. Under Armour had a net margin of 1.62% and a return on equity of 7.86%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the business earned ($0.08) earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. As a group, equities analysts predict that Under Armour Inc will post 0.34 earnings per share for the current year.

Several equities analysts have recently weighed in on UAA shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $25.00 price target (up from $22.00) on shares of Under Armour in a research note on Thursday, July 25th. ValuEngine cut shares of Under Armour from a “hold” rating to a “sell” rating in a research note on Friday, September 20th. Pivotal Research reaffirmed a “hold” rating and set a $25.00 price target (up from $23.00) on shares of Under Armour in a research note on Wednesday, July 24th. Sanford C. Bernstein raised shares of Under Armour from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $16.00 to $17.00 in a research note on Tuesday, September 3rd. Finally, Zacks Investment Research raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Monday, October 14th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $23.06.

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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