Raymond James Financial Services Advisors Inc. Sells 4,574 Shares of Under Armour, Inc. (NYSE:UA)

Raymond James Financial Services Advisors Inc. reduced its stake in Under Armour, Inc. (NYSE:UA) by 20.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,389 shares of the company’s stock after selling 4,574 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Under Armour were worth $145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of UA. ING Groep NV purchased a new stake in Under Armour in the third quarter valued at approximately $6,600,000. Vanguard Group Inc. raised its stake in shares of Under Armour by 2.6% during the third quarter. Vanguard Group Inc. now owns 19,592,344 shares of the company’s stock worth $124,999,000 after acquiring an additional 499,162 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Under Armour by 8.8% during the third quarter. Victory Capital Management Inc. now owns 4,704,169 shares of the company’s stock worth $30,013,000 after acquiring an additional 381,543 shares in the last quarter. Bank of Nova Scotia purchased a new position in shares of Under Armour during the third quarter worth approximately $2,243,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Under Armour during the third quarter worth approximately $1,811,000. 36.35% of the stock is owned by hedge funds and other institutional investors.

Under Armour Trading Down 2.0 %

UA stock opened at $6.48 on Friday. The company has a market capitalization of $2.82 billion, a PE ratio of 7.28 and a beta of 1.62. Under Armour, Inc. has a one year low of $5.86 and a one year high of $8.99. The company’s 50 day moving average price is $7.28 and its two-hundred day moving average price is $7.39. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.38 and a current ratio of 2.13.

Under Armour (NYSE:UA) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.10 by $0.09. The firm had revenue of $1.49 billion for the quarter. Under Armour had a net margin of 6.98% and a return on equity of 13.85%. During the same period last year, the business posted $0.16 earnings per share.

Under Armour 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.