Bank of New York Mellon Corp Sells 33,009 Shares of Under Armour, Inc. (NYSE:UA)

Bank of New York Mellon Corp cut its holdings in shares of Under Armour, Inc. (NYSE:UA) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,338,313 shares of the company’s stock after selling 33,009 shares during the quarter. Bank of New York Mellon Corp’s holdings in Under Armour were worth $8,739,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of UA. Summit Financial Strategies Inc. lifted its stake in Under Armour by 24.9% in the second quarter. Summit Financial Strategies Inc. now owns 19,415 shares of the company’s stock worth $127,000 after acquiring an additional 3,868 shares during the period. Values First Advisors Inc. grew its position in Under Armour by 21.4% during the 2nd quarter. Values First Advisors Inc. now owns 108,091 shares of the company’s stock valued at $706,000 after purchasing an additional 19,089 shares during the last quarter. SG Americas Securities LLC bought a new stake in Under Armour during the 2nd quarter valued at about $201,000. Profit Investment Management LLC raised its stake in shares of Under Armour by 0.7% in the second quarter. Profit Investment Management LLC now owns 569,878 shares of the company’s stock worth $3,721,000 after purchasing an additional 4,009 shares during the last quarter. Finally, CWM LLC increased its holdings in Under Armour by 31.1% in the 2nd quarter. CWM LLC now owns 12,628 shares of the company’s stock worth $82,000 after buying an additional 2,995 shares in the last quarter. Institutional investors own 36.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lowered their target price on Under Armour from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Monday, June 24th.

Under Armour Trading Down 9.6 %

Under Armour stock opened at $6.49 on Wednesday. The stock has a market cap of $2.80 billion, a P/E ratio of 12.25 and a beta of 1.63. The firm’s 50 day moving average price is $7.09 and its 200-day moving average price is $6.96. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.73 and a quick ratio of 1.08. Under Armour, Inc. has a 1 year low of $5.86 and a 1 year high of $8.99.

Under Armour (NYSE:UA) last posted its earnings results on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.10. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. The firm had revenue of $1.18 billion for the quarter. On average, equities analysts predict that Under Armour, Inc. will post 0.2 earnings per share for the current fiscal year.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.