Bank of Montreal Can Sells 127,848 Shares of Under Armour, Inc. (NYSE:UA)

Bank of Montreal Can trimmed its stake in Under Armour, Inc. (NYSE:UA - Free Report) by 82.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,383 shares of the company's stock after selling 127,848 shares during the quarter. Bank of Montreal Can's holdings in Under Armour were worth $204,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of UA. Aster Capital Management DIFC Ltd boosted its stake in Under Armour by 2,564.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 45,425 shares of the company's stock worth $339,000 after purchasing an additional 43,720 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Under Armour by 305.1% in the fourth quarter. Russell Investments Group Ltd. now owns 822,470 shares of the company's stock worth $6,136,000 after buying an additional 619,459 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Under Armour by 22.4% during the fourth quarter. Wells Fargo & Company MN now owns 206,628 shares of the company's stock valued at $1,541,000 after buying an additional 37,805 shares during the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Under Armour during the fourth quarter valued at approximately $1,699,000. Finally, Headlands Technologies LLC purchased a new position in Under Armour in the 4th quarter worth approximately $140,000. 36.35% of the stock is owned by hedge funds and other institutional investors.

Under Armour Stock Up 2.3 %

UA stock traded up $0.13 during midday trading on Thursday, hitting $5.57. The company's stock had a trading volume of 796,072 shares, compared to its average volume of 3,561,547. Under Armour, Inc. has a 12 month low of $4.62 and a 12 month high of $10.62. The firm's 50-day moving average is $5.84 and its 200-day moving average is $7.20. The company has a market cap of $2.39 billion, a PE ratio of -19.22 and a beta of 1.45. 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 (NYSE:UA - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same period in the prior year, the firm posted $0.25 earnings per share.

Under Armour Company 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.