Under Armour, Inc. (NYSE:UAA) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 50.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,350 shares of the company's stock after selling 80,191 shares during the period. SG Americas Securities LLC's holdings in Under Armour were worth $490,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of UAA. Yousif Capital Management LLC grew its holdings in Under Armour by 4.6% in the 1st quarter. Yousif Capital Management LLC now owns 68,911 shares of the company's stock valued at $431,000 after buying an additional 3,024 shares in the last quarter. City State Bank boosted its position in shares of Under Armour by 99.4% during the 1st quarter. City State Bank now owns 20,063 shares of the company's stock valued at $125,000 after acquiring an additional 10,000 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Under Armour by 1.3% in the first quarter. Rhumbline Advisers now owns 501,147 shares of the company's stock valued at $3,132,000 after purchasing an additional 6,607 shares during the period. GAMMA Investing LLC grew its holdings in shares of Under Armour by 872.2% in the first quarter. GAMMA Investing LLC now owns 16,644 shares of the company's stock valued at $104,000 after purchasing an additional 14,932 shares during the period. Finally, 111 Capital acquired a new stake in Under Armour during the fourth quarter worth about $412,000. Institutional investors and hedge funds own 34.58% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Evercore ISI dropped their price target on shares of Under Armour from $7.00 to $6.00 and set an "underperform" rating for the company in a research note on Wednesday, May 14th. Stifel Nicolaus lowered their price objective on Under Armour from $11.00 to $10.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. Robert W. Baird raised their target price on Under Armour from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $7.00 price target on shares of Under Armour in a research note on Tuesday, May 13th. Finally, Truist Financial lowered their price target on Under Armour from $9.00 to $7.00 and set a "hold" rating for the company in a report on Wednesday, May 14th. Three equities 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $7.33.

Insiders Place Their Bets

In other news, insider Mehri Shadman sold 16,287 shares of Under Armour stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total value of $100,002.18. Following the completion of the transaction, the insider now owns 191,796 shares in the company, valued at approximately $1,177,627.44. This trade represents a 7.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 15.60% of the stock is owned by company insiders.

Under Armour Stock Down 3.2%

UAA traded down $0.22 during trading hours on Wednesday, hitting $6.69. 6,987,325 shares of the company's stock were exchanged, compared to its average volume of 12,757,547. The firm has a market cap of $2.88 billion, a P/E ratio of -14.23, a price-to-earnings-growth ratio of 0.94 and a beta of 1.63. Under Armour, Inc. has a 12-month low of $4.78 and a 12-month high of $11.89. The company has a current ratio of 2.10, a quick ratio of 1.25 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average of $6.36 and a 200 day moving average of $7.06.

Under Armour (NYSE:UAA - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. Under Armour had a negative net margin of 3.90% and a positive return on equity of 7.04%. The company's quarterly revenue was down 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 earnings per share. Analysts predict that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Under Armour Company Profile

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.