Paloma Partners Management Co Lowers Stake in Under Armour Inc (UAA)

Paloma Partners Management Co cut its position in Under Armour Inc (NYSE:UAA) by 12.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,833 shares of the company’s stock after selling 1,852 shares during the period. Paloma Partners Management Co’s holdings in Under Armour were worth $227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bremer Trust National Association bought a new stake in shares of Under Armour in the 4th quarter worth about $32,000. Penserra Capital Management LLC lifted its holdings in Under Armour by 235.9% during the 4th quarter. Penserra Capital Management LLC now owns 4,528 shares of the company’s stock valued at $80,000 after buying an additional 3,180 shares in the last quarter. First Mercantile Trust Co. bought a new stake in Under Armour during the 4th quarter valued at about $99,000. Dupont Capital Management Corp bought a new stake in shares of Under Armour in the 4th quarter valued at about $123,000. Finally, Proequities Inc. bought a new stake in shares of Under Armour in the 3rd quarter valued at about $160,000. 39.24% of the stock is owned by hedge funds and other institutional investors.

NYSE UAA traded up $0.23 on Friday, hitting $22.16. 3,707,669 shares of the company’s stock traded hands, compared to its average volume of 3,573,108. The company has a current ratio of 1.97, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Under Armour Inc has a 1-year low of $15.91 and a 1-year high of $24.96. The stock has a market cap of $9.94 billion, a price-to-earnings ratio of 82.07, a PEG ratio of 2.92 and a beta of 0.42.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Tuesday, February 12th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.04 by $0.05. Under Armour had a negative net margin of 0.89% and a positive return on equity of 6.11%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. The firm’s revenue was up 1.5% on a year-over-year basis. Analysts forecast that Under Armour Inc will post 0.33 EPS for the current year.

Several equities research analysts have recently commented on UAA shares. Goldman Sachs Group upgraded shares of Under Armour from a “neutral” rating to a “buy” rating and boosted their price target for the company from $24.00 to $28.00 in a report on Tuesday, January 22nd. Citigroup upgraded shares of Under Armour from a “neutral” rating to a “buy” rating and boosted their price target for the company from $23.00 to $29.00 in a report on Wednesday, April 10th. OTR Global upgraded shares of Under Armour from a “negative” rating to a “mixed” rating in a report on Thursday, January 10th. ValuEngine raised shares of Under Armour from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Finally, Argus reaffirmed a “hold” rating on shares of Under Armour in a research report on Friday, February 22nd. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $23.13.

In related news, insider Paul Fipps sold 3,106 shares of the business’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $21.55, for a total value of $66,934.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 16.40% of the company’s stock.

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Under Armour 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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