Zeke Capital Advisors LLC Sells 1,635 Shares of Under Armour Inc (NYSE:UAA)

Zeke Capital Advisors LLC cut its stake in shares of Under Armour Inc (NYSE:UAA) by 11.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,886 shares of the company’s stock after selling 1,635 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Under Armour were worth $327,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of Under Armour by 10.5% during the fourth quarter. Geode Capital Management LLC now owns 2,412,785 shares of the company’s stock valued at $42,551,000 after acquiring an additional 228,475 shares during the period. Meridian Wealth Management LLC bought a new position in shares of Under Armour in the first quarter valued at about $164,000. SP Asset Management bought a new position in shares of Under Armour in the first quarter valued at about $208,000. Pennsylvania Trust Co bought a new position in shares of Under Armour in the first quarter valued at about $9,194,000. Finally, Norges Bank bought a new position in shares of Under Armour in the fourth quarter valued at about $13,859,000. 37.81% of the stock is owned by institutional investors.

NYSE:UAA traded down $0.09 on Wednesday, hitting $21.18. 222,241 shares of the stock were exchanged, compared to its average volume of 5,454,837. The firm has a market capitalization of $9.73 billion, a PE ratio of 78.44, a price-to-earnings-growth ratio of 2.36 and a beta of 0.51. Under Armour Inc has a 52 week low of $16.52 and a 52 week high of $27.72. The company has a quick ratio of 1.11, a current ratio of 1.83 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average of $25.75.

Under Armour (NYSE:UAA) last issued its quarterly earnings data on Tuesday, July 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. Under Armour had a return on equity of 7.86% and a net margin of 1.62%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the firm earned ($0.08) EPS. Under Armour’s quarterly revenue was up 1.4% compared to the same quarter last year. Sell-side analysts predict that Under Armour Inc will post 0.34 EPS for the current year.

A number of research firms recently issued reports on UAA. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $25.00 price target (up from $22.00) on shares of Under Armour in a report on Thursday, July 25th. Wells Fargo & Co lifted their price target on Under Armour from $22.00 to $26.00 and gave the company a “market perform” rating in a report on Thursday, June 13th. Zacks Investment Research raised Under Armour from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Wednesday, May 8th. Citigroup raised Under Armour from a “neutral” rating to a “buy” rating and lifted their price target for the company from $23.00 to $29.00 in a report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. raised Under Armour from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $23.00 to $29.00 in a report on Friday, May 17th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $24.47.

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.

Further Reading: Green Investing

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

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