Neo Ivy Capital Management trimmed its stake in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 74.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,296 shares of the company's stock after selling 122,948 shares during the quarter. Neo Ivy Capital Management's holdings in Under Armour were worth $358,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA bought a new stake in shares of Under Armour in the 4th quarter valued at $25,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Under Armour in the 4th quarter valued at $27,000. SBI Securities Co. Ltd. bought a new stake in shares of Under Armour in the 4th quarter valued at $40,000. Harbour Investments Inc. boosted its stake in Under Armour by 438.2% during the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company's stock worth $51,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Vident Advisory LLC bought a new position in Under Armour during the fourth quarter worth $85,000. 34.58% of the stock is currently owned by institutional investors and hedge funds.
Under Armour Trading Down 3.1%
Shares of UAA traded down $0.22 during mid-day trading on Thursday, reaching $6.75. The company's stock had a trading volume of 4,863,999 shares, compared to its average volume of 12,672,515. The stock has a market cap of $2.90 billion, a PE ratio of -23.22 and a beta of 1.54. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. Under Armour, Inc. has a 52 week low of $4.78 and a 52 week high of $11.89. The company's fifty day moving average price is $6.00 and its two-hundred day moving average price is $7.48.
Under Armour (NYSE:UAA - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the business posted $0.11 EPS. The business's quarterly revenue was down 11.4% on a year-over-year basis. On average, analysts predict that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. Citigroup cut their target price on shares of Under Armour from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Guggenheim restated a "neutral" rating on shares of Under Armour in a report on Friday, February 7th. UBS Group raised their price objective on shares of Under Armour from $7.00 to $8.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Stifel Nicolaus cut their target price on shares of Under Armour from $11.00 to $10.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $7.00 target price on shares of Under Armour in a research report on Tuesday, May 13th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Under Armour currently has an average rating of "Hold" and a consensus price target of $7.33.
View Our Latest Stock Analysis on UAA
Under Armour Company Profile
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Free Report)
Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.
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