Andra AP fonden Decreases Stock Position in Under Armour Inc (NYSE:UAA)

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Andra AP fonden cut its holdings in Under Armour Inc (NYSE:UAA) by 6.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 206,600 shares of the company’s stock after selling 14,100 shares during the quarter. Andra AP fonden’s holdings in Under Armour were worth $4,120,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. NEXT Financial Group Inc raised its stake in shares of Under Armour by 100.6% in the second quarter. NEXT Financial Group Inc now owns 3,894 shares of the company’s stock worth $99,000 after purchasing an additional 1,953 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new position in shares of Under Armour in the second quarter worth about $289,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Under Armour in the second quarter worth about $117,000. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Under Armour by 3.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 732,929 shares of the company’s stock worth $18,580,000 after purchasing an additional 21,509 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Under Armour in the second quarter worth about $241,000. Institutional investors own 39.48% of the company’s stock.

Shares of UAA stock opened at $18.89 on Monday. The company has a current ratio of 2.05, a quick ratio of 1.29 and a debt-to-equity ratio of 0.55. Under Armour Inc has a twelve month low of $16.52 and a twelve month high of $27.72. The stock has a 50 day moving average of $19.11 and a 200 day moving average of $21.83. The stock has a market cap of $8.62 billion, a P/E ratio of 69.96, a P/E/G ratio of 2.00 and a beta of 0.61.

Under Armour (NYSE:UAA) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. Under Armour had a return on equity of 7.24% and a net margin of 2.14%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the company earned $0.25 earnings per share. Under Armour’s quarterly revenue was down .9% compared to the same quarter last year. On average, research analysts predict that Under Armour Inc will post 0.34 earnings per share for the current fiscal year.

UAA has been the subject of several research analyst reports. Telsey Advisory Group reduced their price objective on Under Armour from $23.00 to $19.00 and set a “market perform” rating for the company in a research note on Tuesday, November 5th. KeyCorp reduced their price objective on Under Armour from $30.00 to $23.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. ValuEngine upgraded Under Armour from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Zacks Investment Research upgraded Under Armour from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Monday, October 14th. Finally, Goldman Sachs Group set a $26.00 price objective on Under Armour and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $22.18.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold.

See Also: What is Liquidity?

Want to see what other hedge funds are holding UAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Under Armour Inc (NYSE:UAA).

Institutional Ownership by Quarter for Under Armour (NYSE:UAA)

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