Mizuho Securities USA LLC Sells 38,800 Shares of Under Armour Inc (UA)

Mizuho Securities USA LLC reduced its stake in Under Armour Inc (NYSE:UA) by 35.6% in the 4th quarter, HoldingsChannel reports. The firm owned 70,100 shares of the company’s stock after selling 38,800 shares during the quarter. Mizuho Securities USA LLC’s holdings in Under Armour were worth $934,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Personal Capital Advisors Corp boosted its position in Under Armour by 8.5% in the 4th quarter. Personal Capital Advisors Corp now owns 128,465 shares of the company’s stock valued at $1,711,000 after buying an additional 10,101 shares during the last quarter. Cibc Bank USA boosted its position in Under Armour by 90.7% in the 4th quarter. Cibc Bank USA now owns 28,800 shares of the company’s stock valued at $384,000 after buying an additional 13,700 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Under Armour by 126.2% in the 4th quarter. State of Alaska Department of Revenue now owns 40,539 shares of the company’s stock valued at $539,000 after buying an additional 22,619 shares during the last quarter. Gateway Investment Advisers LLC boosted its position in Under Armour by 14.8% in the 4th quarter. Gateway Investment Advisers LLC now owns 121,809 shares of the company’s stock valued at $1,622,000 after buying an additional 15,675 shares during the last quarter. Finally, Bares Capital Management Inc. boosted its position in Under Armour by 5.9% in the 3rd quarter. Bares Capital Management Inc. now owns 8,091,563 shares of the company’s stock valued at $121,535,000 after buying an additional 447,650 shares during the last quarter. Hedge funds and other institutional investors own 31.77% of the company’s stock.

Shares of Under Armour Inc (NYSE UA) traded up $0.31 during mid-day trading on Wednesday, hitting $13.59. 4,143,900 shares of the stock traded hands, compared to its average volume of 6,673,207. Under Armour Inc has a twelve month low of $10.36 and a twelve month high of $26.25. The company has a market capitalization of $6,230.00 and a PE ratio of 42.47.

Under Armour (NYSE:UA) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. Under Armour had a net margin of 2.94% and a return on equity of 9.38%.

A number of equities analysts have weighed in on the stock. Susquehanna Bancshares reissued a “sell” rating and issued a $15.00 price objective on shares of Under Armour in a research report on Monday, October 23rd. Canaccord Genuity set a $15.00 price objective on shares of Under Armour and gave the company a “hold” rating in a research report on Thursday, October 12th. ValuEngine raised shares of Under Armour from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Jefferies Group reissued a “buy” rating and issued a $28.00 price objective on shares of Under Armour in a research report on Friday, October 13th. Finally, Wells Fargo & Co set a $11.00 price objective on shares of Under Armour and gave the company a “sell” rating in a research report on Tuesday, October 31st. Nine research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $15.99.

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About Under Armour

Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.

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

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