Two Sigma Investments LP Sells 208,397 Shares of Under Armour, Inc. (NYSE:UAA)

Two Sigma Investments LP cut its stake in Under Armour, Inc. (NYSE:UAA - Free Report) by 9.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,044,777 shares of the company's stock after selling 208,397 shares during the period. Two Sigma Investments LP owned approximately 0.47% of Under Armour worth $16,931,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Compagnie Lombard Odier SCmA acquired a new position in Under Armour in the fourth quarter valued at about $25,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Under Armour during the 4th quarter worth approximately $27,000. SBI Securities Co. Ltd. acquired a new stake in shares of Under Armour during the 4th quarter worth approximately $40,000. Harbour Investments Inc. increased its stake in Under Armour by 438.2% in the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company's stock valued at $51,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Amundi raised its position in Under Armour by 45.3% during the fourth quarter. Amundi now owns 13,540 shares of the company's stock valued at $110,000 after purchasing an additional 4,223 shares in the last quarter. 34.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UAA. Needham & Company LLC reiterated a "hold" rating on shares of Under Armour in a research note on Wednesday, May 14th. Robert W. Baird lifted their target price on Under Armour from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Evercore ISI dropped their target price on shares of Under Armour from $7.00 to $6.00 and set an "underperform" rating for the company in a report on Wednesday, May 14th. Wall Street Zen downgraded shares of Under Armour from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Wells Fargo & Company upped their price objective on shares of Under Armour from $4.00 to $5.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $7.33.

Under Armour Trading Up 3.2%

UAA stock traded up $0.22 during trading on Tuesday, hitting $6.91. The company had a trading volume of 9,874,284 shares, compared to its average volume of 12,667,258. The stock has a market cap of $2.97 billion, a PE ratio of -23.81 and a beta of 1.54. The business has a 50-day moving average of $5.98 and a 200-day moving average of $7.49. 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 one year low of $4.78 and a one year high of $11.89.

Under Armour (NYSE:UAA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, beating 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 company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the firm posted $0.11 EPS. The company's quarterly revenue was down 11.4% on a year-over-year basis. Research analysts predict that Under Armour, Inc. will post 0.3 earnings per share 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.