Advisors Asset Management Inc. Reduces Position in Under Armour, Inc. (NYSE:UA)

Advisors Asset Management Inc. lessened its position in shares of Under Armour, Inc. (NYSE:UAGet Rating) by 34.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,841 shares of the company’s stock after selling 8,898 shares during the quarter. Advisors Asset Management Inc.’s holdings in Under Armour were worth $128,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. grew its stake in shares of Under Armour by 46.6% in the 1st quarter. Daiwa Securities Group Inc. now owns 2,392 shares of the company’s stock valued at $37,000 after purchasing an additional 760 shares during the last quarter. Regentatlantic Capital LLC grew its stake in shares of Under Armour by 8.2% in the 1st quarter. Regentatlantic Capital LLC now owns 17,635 shares of the company’s stock valued at $274,000 after purchasing an additional 1,342 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Under Armour by 41.4% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 177,471 shares of the company’s stock valued at $2,761,000 after purchasing an additional 51,933 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Under Armour by 3.6% in the 1st quarter. Arizona State Retirement System now owns 58,136 shares of the company’s stock valued at $905,000 after purchasing an additional 2,044 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Under Armour in the first quarter valued at approximately $235,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

Analyst Ratings Changes

Separately, Citigroup decreased their price target on Under Armour from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 26th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.67.

Under Armour Stock Down 3.6 %

Under Armour stock opened at $7.99 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.09 and a quick ratio of 1.36. Under Armour, Inc. has a 1-year low of $5.74 and a 1-year high of $22.69. The company has a market cap of $3.64 billion, a PE ratio of 25.77 and a beta of 1.44. The stock’s 50 day moving average price is $6.89 and its 200 day moving average price is $7.92.

Under Armour (NYSE:UAGet Rating) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.20 earnings per share (EPS) for the quarter. The firm had revenue of $1.57 billion during the quarter. Under Armour had a return on equity of 9.13% and a net margin of 2.51%.

About Under Armour

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Under Armour, Inc, together with its subsidiaries, engages in the developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company offers its apparel in compression, fitted, and loose fit types. It also provides footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.

Further Reading

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

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