Under Armour, Inc. (NYSE:UAA) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P cut its stake in Under Armour, Inc. (NYSE:UAA) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,922,220 shares of the company’s stock after selling 180,748 shares during the period. Loomis Sayles & Co. L P’s holdings in Under Armour were worth $32,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in shares of Under Armour by 36.5% in the 4th quarter. JPMorgan Chase & Co. now owns 554,525 shares of the company’s stock worth $4,591,000 after acquiring an additional 148,280 shares during the last quarter. Congress Wealth Management LLC DE grew its holdings in shares of Under Armour by 61.7% in the fourth quarter. Congress Wealth Management LLC DE now owns 61,458 shares of the company’s stock valued at $509,000 after purchasing an additional 23,458 shares during the period. Vanguard Group Inc. grew its holdings 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 purchasing an additional 263,988 shares during the period. Stevens Capital Management LP acquired a new stake in Under Armour during the fourth quarter worth about $174,000. Finally, Fox Run Management L.L.C. raised its stake in Under Armour by 215.1% during the fourth quarter. Fox Run Management L.L.C. now owns 68,596 shares of the company’s stock worth $568,000 after purchasing an additional 46,828 shares during the period. Institutional investors and hedge funds own 34.58% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on UAA shares. Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a research note on Friday, February 7th. TD Cowen increased their price objective on Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. UBS Group cut their target price on Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Morgan Stanley reaffirmed an “underweight” rating and issued a $4.00 price target on shares of Under Armour in a research note on Friday, December 13th. Finally, StockNews.com raised Under Armour from a “sell” rating to a “hold” rating in a research report on Thursday, March 20th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $9.06.

Under Armour Stock Performance

Shares of UAA stock opened at $6.34 on Friday. The firm has a 50 day moving average of $7.34 and a two-hundred day moving average of $8.30. The stock has a market capitalization of $2.72 billion, a PE ratio of -21.84 and a beta of 1.63. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. Under Armour, Inc. has a 52 week low of $6.17 and a 52 week high of $11.89.

Under Armour (NYSE:UAA) last released its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same period last year, the firm earned $0.19 earnings per share. On average, research analysts predict that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Under Armour Company 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.