Under Armour Inc (UAA) Position Lessened by KG&L Capital Management LLC

KG&L Capital Management LLC lessened its holdings in shares of Under Armour Inc (NYSE:UAA) by 14.3% in the 1st quarter, Holdings Channel reports. The firm owned 104,634 shares of the company’s stock after selling 17,455 shares during the quarter. Under Armour makes up approximately 2.2% of KG&L Capital Management LLC’s holdings, making the stock its 8th largest holding. KG&L Capital Management LLC’s holdings in Under Armour were worth $2,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Biondo Investment Advisors LLC increased its holdings in Under Armour by 0.3% in the fourth quarter. Biondo Investment Advisors LLC now owns 167,640 shares of the company’s stock valued at $2,924,000 after buying an additional 520 shares in the last quarter. Securian Asset Management Inc increased its holdings in Under Armour by 3.1% in the fourth quarter. Securian Asset Management Inc now owns 19,298 shares of the company’s stock valued at $341,000 after buying an additional 585 shares in the last quarter. Brown Advisory Securities LLC increased its holdings in Under Armour by 5.4% in the fourth quarter. Brown Advisory Securities LLC now owns 14,382 shares of the company’s stock valued at $259,000 after buying an additional 741 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Under Armour by 0.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 245,501 shares of the company’s stock valued at $4,338,000 after buying an additional 878 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. increased its holdings in Under Armour by 7.4% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 12,975 shares of the company’s stock valued at $229,000 after buying an additional 891 shares in the last quarter. 35.42% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently issued reports on UAA shares. Citigroup upgraded shares of Under Armour from a “neutral” rating to a “buy” rating and lifted their target price for the company from $23.00 to $29.00 in a research report on Wednesday, April 10th. ValuEngine upgraded shares of Under Armour from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Goldman Sachs Group upgraded shares of Under Armour from a “neutral” rating to a “buy” rating and lifted their target price for the company from $24.00 to $28.00 in a research report on Tuesday, January 22nd. Zacks Investment Research upgraded shares of Under Armour from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Friday, February 15th. Finally, Morgan Stanley lifted their target price on shares of Under Armour from $21.00 to $24.00 and gave the company an “equal weight” rating in a research report on Thursday, February 14th. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. Under Armour currently has an average rating of “Hold” and a consensus target price of $23.66.

In related news, insider Paul Fipps sold 3,106 shares of the business’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $21.55, for a total transaction of $66,934.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 16.40% of the company’s stock.

UAA traded down $0.17 on Wednesday, reaching $21.46. 91,683 shares of the company’s stock were exchanged, compared to its average volume of 4,859,351. The firm has a market capitalization of $9.40 billion, a PE ratio of 79.81, a PEG ratio of 2.90 and a beta of 0.45. Under Armour Inc has a twelve month low of $16.52 and a twelve month high of $24.96. The company has a current ratio of 2.02, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.05 earnings per share for the quarter. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. Under Armour had a net margin of 0.12% and a return on equity of 7.17%. Under Armour’s revenue was up 1.6% compared to the same quarter last year. As a group, analysts predict that Under Armour Inc will post 0.35 earnings per share for the current fiscal year.

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Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold.

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

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