Bank of Montreal Can Sells 106,236 Shares of Under Armour, Inc. (NYSE:UAA)

Bank of Montreal Can trimmed its position in shares of Under Armour, Inc. (NYSE:UAA) by 74.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,036 shares of the company’s stock after selling 106,236 shares during the period. Bank of Montreal Can’s holdings in Under Armour were worth $298,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of UAA. FMR LLC lifted its stake in Under Armour by 193.2% in the fourth quarter. FMR LLC now owns 28,317,951 shares of the company’s stock worth $234,473,000 after acquiring an additional 18,658,128 shares during the period. Polymer Capital Management HK LTD bought a new position in Under Armour in the 4th quarter worth $381,000. Aster Capital Management DIFC Ltd lifted its position in shares of Under Armour by 969.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 26,160 shares of the company’s stock worth $217,000 after purchasing an additional 23,715 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Under Armour by 183.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 35,689 shares of the company’s stock valued at $296,000 after purchasing an additional 23,111 shares in the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Under Armour during the fourth quarter valued at about $267,000. 34.58% of the stock is owned by institutional investors.

Under Armour Stock Performance

Shares of UAA opened at $5.80 on Thursday. Under Armour, Inc. has a 12 month low of $4.78 and a 12 month high of $11.89. The business’s fifty day simple moving average is $6.39 and its two-hundred day simple moving average is $7.96. The company has a market cap of $2.49 billion, a price-to-earnings ratio of -20.00 and a beta of 1.49. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA) last announced its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share 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 quarter last year, the firm posted $0.19 earnings per share. Research analysts anticipate that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Telsey Advisory Group restated a “market perform” rating and issued a $10.00 price objective on shares of Under Armour in a report on Thursday, February 6th. Barclays dropped their price target 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. UBS Group reduced their price target on Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. KGI Securities assumed coverage on Under Armour in a research report on Friday, March 7th. They set a “neutral” rating and a $7.40 price objective for the company. Finally, Argus downgraded shares of Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.