Neo Ivy Capital Management Sells 122,948 Shares of Under Armour, Inc. (NYSE:UAA)

Neo Ivy Capital Management trimmed its position in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 74.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,296 shares of the company's stock after selling 122,948 shares during the period. Neo Ivy Capital Management's holdings in Under Armour were worth $358,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Optas LLC boosted its holdings in Under Armour by 5.5% in the fourth quarter. Optas LLC now owns 28,519 shares of the company's stock valued at $236,000 after purchasing an additional 1,484 shares in the last quarter. Mariner LLC boosted its holdings in Under Armour by 10.0% in the fourth quarter. Mariner LLC now owns 17,006 shares of the company's stock valued at $141,000 after purchasing an additional 1,552 shares in the last quarter. Amalgamated Bank boosted its holdings in Under Armour by 2.4% in the fourth quarter. Amalgamated Bank now owns 87,534 shares of the company's stock valued at $725,000 after purchasing an additional 2,014 shares in the last quarter. Beacon Pointe Advisors LLC boosted its holdings in Under Armour by 10.7% in the fourth quarter. Beacon Pointe Advisors LLC now owns 21,470 shares of the company's stock valued at $178,000 after purchasing an additional 2,080 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in Under Armour by 0.8% in the fourth quarter. Swiss National Bank now owns 371,400 shares of the company's stock valued at $3,075,000 after purchasing an additional 2,800 shares in the last quarter. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UAA has been the subject of a number of research analyst reports. BMO Capital Markets lowered their price target on Under Armour from $12.00 to $9.00 and set an "outperform" rating for the company in a report on Wednesday, May 14th. Stifel Nicolaus decreased their price objective on Under Armour from $11.00 to $10.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. UBS Group increased their price objective on Under Armour from $7.00 to $8.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Citigroup decreased their price objective on Under Armour from $8.00 to $6.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Under Armour in a report on Wednesday, May 14th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $7.33.

Under Armour Stock Performance

NYSE:UAA traded up $0.27 during midday trading on Tuesday, reaching $6.96. 15,865,059 shares of the company traded hands, compared to its average volume of 12,688,814. Under Armour, Inc. has a twelve month low of $4.78 and a twelve month high of $11.89. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of -24.00 and a beta of 1.54. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. The company has a fifty day moving average price of $5.98 and a 200 day moving average price of $7.49.

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, beating the consensus estimate of ($0.09) by $0.01. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the firm posted $0.11 earnings per share. The company's revenue was down 11.4% on a year-over-year basis. On average, analysts expect that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

About Under Armour

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.