Maryland State Retirement & Pension System Cuts Stake in Under Armour, Inc. (NYSE:UAA)

Maryland State Retirement & Pension System lessened its holdings in shares of Under Armour, Inc. (NYSE:UAA) by 27.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,441 shares of the company’s stock after selling 3,907 shares during the period. Maryland State Retirement & Pension System’s holdings in Under Armour were worth $86,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. MCF Advisors LLC raised its stake in Under Armour by 7.6% in the fourth quarter. MCF Advisors LLC now owns 20,187 shares of the company’s stock valued at $167,000 after buying an additional 1,419 shares during the last quarter. Optas LLC raised its position in shares of Under Armour by 5.5% in the 4th quarter. Optas LLC now owns 28,519 shares of the company’s stock valued at $236,000 after purchasing an additional 1,484 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Under Armour by 163.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock worth $26,000 after purchasing an additional 1,800 shares in the last quarter. Amalgamated Bank grew its position in Under Armour by 2.4% during the 4th quarter. Amalgamated Bank now owns 87,534 shares of the company’s stock worth $725,000 after purchasing an additional 2,014 shares during the last quarter. Finally, Swiss National Bank increased its stake in Under Armour by 0.8% during the 4th quarter. Swiss National Bank now owns 371,400 shares of the company’s stock valued at $3,075,000 after purchasing an additional 2,800 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Analysts Set New Price Targets

UAA has been the topic of a number of research analyst reports. Telsey Advisory Group reissued a “market perform” rating and set a $10.00 price objective on shares of Under Armour in a report on Thursday, February 6th. Argus downgraded Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. TD Cowen raised their price objective on Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Barclays dropped their target price on Under Armour from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Finally, Morgan Stanley reissued an “underweight” rating and set a $4.00 price target on shares of Under Armour in a research report on Friday, December 13th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $9.06.

Under Armour Stock Performance

NYSE UAA opened at $6.39 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. The stock’s fifty day moving average is $7.45 and its two-hundred day moving average is $8.34. The firm has a market capitalization of $2.75 billion, a P/E ratio of -22.03 and a beta of 1.63. Under Armour, Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $11.89.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating 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 last year, the company earned $0.19 earnings per share. On average, research analysts anticipate that Under Armour, Inc. will post 0.3 earnings per share for the current year.

About Under Armour

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.