Alliancebernstein L.P. Sells 3,708 Shares of Under Armour, Inc. (NYSE:UAA)

Alliancebernstein L.P. lowered its stake in shares of Under Armour, Inc. (NYSE:UAA) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 257,821 shares of the company’s stock after selling 3,708 shares during the quarter. Alliancebernstein L.P. owned about 0.06% of Under Armour worth $2,135,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UAA. Empowered Funds LLC acquired a new stake in shares of Under Armour in the fourth quarter valued at about $412,000. Teacher Retirement System of Texas acquired a new stake in Under Armour in the 4th quarter valued at approximately $313,000. Fox Run Management L.L.C. increased its position in Under Armour by 215.1% in the 4th quarter. Fox Run Management L.L.C. now owns 68,596 shares of the company’s stock worth $568,000 after buying an additional 46,828 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Under Armour by 11.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,431,487 shares of the company’s stock worth $11,853,000 after buying an additional 150,958 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Under Armour by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company’s stock valued at $128,741,000 after acquiring an additional 263,988 shares during the period. Institutional investors and hedge funds own 34.58% of the company’s stock.

Under Armour Stock Down 2.8 %

Shares of UAA opened at $5.58 on Thursday. The business’s 50 day simple moving average is $6.53 and its 200-day simple moving average is $8.07. Under Armour, Inc. has a one year low of $4.78 and a one year high of $11.89. The company has a market capitalization of $2.40 billion, a P/E ratio of -19.24 and a beta of 1.49. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19.

Under Armour (NYSE:UAA) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.08 EPS for the quarter, topping 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 quarter last year, the company posted $0.19 EPS. As a group, sell-side analysts predict that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Evercore ISI cut their target price on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating for the company in a research note on Monday, February 10th. UBS Group reduced their target price on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Stifel Nicolaus decreased their target price on Under Armour from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Guggenheim reaffirmed a “neutral” rating on shares of Under Armour in a report on Friday, February 7th. Finally, 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. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Under Armour presently has a consensus rating of “Hold” and a consensus price target of $9.12.

Under Armour Profile

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.