New Mexico Educational Retirement Board Trims Stock Position in Under Armour Inc (NYSE:UA)

New Mexico Educational Retirement Board cut its stake in Under Armour Inc (NYSE:UA) by 5.1% in the third quarter, Holdings Channel.com reports. The fund owned 14,941 shares of the company’s stock after selling 800 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Under Armour were worth $271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ossiam purchased a new stake in Under Armour in the second quarter valued at $28,000. Cullen Frost Bankers Inc. purchased a new stake in Under Armour in the third quarter valued at $28,000. FinTrust Capital Advisors LLC purchased a new stake in Under Armour in the third quarter valued at $36,000. Valeo Financial Advisors LLC lifted its position in Under Armour by 96.7% in the third quarter. Valeo Financial Advisors LLC now owns 2,016 shares of the company’s stock valued at $37,000 after acquiring an additional 991 shares during the last quarter. Finally, Capital Bank & Trust Co purchased a new stake in Under Armour in the second quarter valued at $39,000. 34.76% of the stock is owned by hedge funds and other institutional investors.

In other Under Armour news, insider Kevin Eskridge sold 19,348 shares of Under Armour stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $15.84, for a total value of $306,472.32. Following the transaction, the insider now directly owns 174,412 shares in the company, valued at $2,762,686.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 15.90% of the company’s stock.

NYSE UA opened at $16.87 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.29 and a current ratio of 2.05. The firm has a market cap of $7.81 billion, a PE ratio of 62.48 and a beta of 1.02. Under Armour Inc has a one year low of $15.05 and a one year high of $24.55. The firm’s fifty day moving average is $17.22 and its two-hundred day moving average is $19.47.

Under Armour (NYSE:UA) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.05). The business had revenue of $1.43 billion during the quarter. Under Armour had a net margin of 2.14% and a return on equity of 7.24%. Research analysts predict that Under Armour Inc will post 0.35 earnings per share for the current year.

UA has been the subject of a number of research reports. Raymond James raised shares of Under Armour to a “buy” rating and set a $30.00 price target for the company in a research report on Wednesday, November 27th. Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a research report on Thursday, October 10th. ValuEngine raised shares of Under Armour from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Susquehanna Bancshares set a $14.00 price target on shares of Under Armour and gave the company a “sell” rating in a research report on Friday, October 18th. Finally, Evercore ISI restated a “buy” rating and issued a $33.00 price objective on shares of Under Armour in a research note on Sunday, August 11th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $23.10.

Under Armour Profile

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:UA)

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