Under Armour, Inc. (NYSE:UAA) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System trimmed its position in shares of Under Armour, Inc. (NYSE:UAA) by 27.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,441 shares of the company’s stock after selling 3,907 shares during the period. Maryland State Retirement & Pension System’s holdings in Under Armour were worth $86,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of UAA. FMR LLC lifted its stake in Under Armour by 144,746.6% during the 3rd quarter. FMR LLC now owns 9,659,823 shares of the company’s stock worth $86,069,000 after acquiring an additional 9,653,154 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its stake in Under Armour by 6.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock worth $51,149,000 after purchasing an additional 327,979 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Under Armour by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,815,640 shares of the company’s stock worth $39,873,000 after purchasing an additional 84,802 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Under Armour by 11.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,431,487 shares of the company’s stock valued at $11,853,000 after purchasing an additional 150,958 shares during the period. Finally, Verition Fund Management LLC grew its holdings in shares of Under Armour by 27.2% in the third quarter. Verition Fund Management LLC now owns 1,258,342 shares of the company’s stock valued at $11,212,000 after purchasing an additional 269,281 shares in the last quarter. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

Under Armour Trading Down 3.3 %

Under Armour stock opened at $6.39 on Wednesday. The stock has a market cap of $2.75 billion, a PE ratio of -22.03 and a beta of 1.63. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The stock has a 50-day moving average price of $7.45 and a 200 day moving average price of $8.34. Under Armour, Inc. has a 52 week low of $6.17 and a 52 week high of $11.89.

Under Armour (NYSE:UAA) last posted its quarterly earnings data 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 period last year, the firm earned $0.19 earnings per share. Equities research analysts predict that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. UBS Group decreased their price target on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Argus cut Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Barclays cut their price target on Under Armour from $11.00 to $8.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Guggenheim reiterated a “neutral” rating on shares of Under Armour in a research note on Friday, February 7th. Finally, StockNews.com upgraded shares of Under Armour from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $9.06.

About Under Armour

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.