Under Armour, Inc. (NYSE:UAA) Stock Holdings Lessened by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its holdings in Under Armour, Inc. (NYSE:UAA - Free Report) by 74.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 310,059 shares of the company's stock after selling 909,737 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.07% of Under Armour worth $2,725,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. West Tower Group LLC acquired a new stake in Under Armour during the 2nd quarter worth $28,000. Signaturefd LLC increased its position in shares of Under Armour by 119.2% during the third quarter. Signaturefd LLC now owns 4,090 shares of the company's stock worth $28,000 after purchasing an additional 2,224 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Under Armour in the 4th quarter valued at about $30,000. Quarry LP purchased a new stake in shares of Under Armour in the 1st quarter valued at about $32,000. Finally, Captrust Financial Advisors grew its stake in Under Armour by 34.9% during the 2nd quarter. Captrust Financial Advisors now owns 6,973 shares of the company's stock worth $58,000 after buying an additional 1,805 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Price Performance

UAA traded down $0.10 during midday trading on Wednesday, reaching $6.98. 10,308,680 shares of the company's stock were exchanged, compared to its average volume of 7,301,352. Under Armour, Inc. has a 1-year low of $6.29 and a 1-year high of $9.56. The stock has a market capitalization of $3.04 billion, a PE ratio of 7.76, a P/E/G ratio of 1.25 and a beta of 1.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.13 and a quick ratio of 1.38. The business's 50-day moving average price is $7.91 and its 200 day moving average price is $7.75.

Under Armour (NYSE:UAA - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.08. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. Under Armour had a return on equity of 13.85% and a net margin of 6.98%. Under Armour's revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 earnings per share. As a group, equities analysts anticipate that Under Armour, Inc. will post 0.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on UAA. Evercore ISI restated an "underperform" rating and issued a $7.00 price objective (down from $8.00) on shares of Under Armour in a research note on Thursday, March 14th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $9.00 price objective on shares of Under Armour in a research report on Thursday, March 14th. Williams Trading reiterated a "hold" rating and issued a $8.00 target price on shares of Under Armour in a research note on Thursday, March 14th. BNP Paribas restated a "neutral" rating on shares of Under Armour in a research note on Thursday, March 14th. Finally, TheStreet upgraded shares of Under Armour from a "d+" rating to a "c-" rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to MarketBeat, Under Armour presently has an average rating of "Hold" and an average target price of $8.65.

Under Armour Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.