Under Armour, Inc. (NYSE:UAA) Position Boosted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its holdings in Under Armour, Inc. (NYSE:UAA) by 46.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,826 shares of the company’s stock after purchasing an additional 7,606 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Under Armour were worth $197,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in UAA. MCF Advisors LLC grew its position in Under Armour by 7.6% in the fourth quarter. MCF Advisors LLC now owns 20,187 shares of the company’s stock worth $167,000 after buying an additional 1,419 shares during the last quarter. Optas LLC grew its holdings in shares of Under Armour by 5.5% in the 4th quarter. Optas LLC now owns 28,519 shares of the company’s stock worth $236,000 after acquiring an additional 1,484 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Under Armour by 163.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock worth $26,000 after purchasing an additional 1,800 shares during the period. Amalgamated Bank lifted its holdings in shares of Under Armour by 2.4% during the fourth quarter. Amalgamated Bank now owns 87,534 shares of the company’s stock valued at $725,000 after purchasing an additional 2,014 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Under Armour by 27.5% in the 4th quarter. KBC Group NV now owns 13,588 shares of the company’s stock valued at $113,000 after purchasing an additional 2,929 shares during the period. 34.58% of the stock is owned by institutional investors and hedge funds.

Under Armour Stock Down 0.9 %

UAA opened at $6.42 on Monday. The company has a market capitalization of $2.76 billion, a PE ratio of -22.12 and a beta of 1.63. The business has a 50-day moving average of $7.48 and a 200-day moving average of $8.34. Under Armour, Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $11.89. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19.

Under Armour (NYSE:UAA) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the firm earned $0.19 EPS. Equities research analysts forecast that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

UAA has been the topic of several recent analyst reports. KGI Securities initiated coverage on Under Armour in a report on Friday, March 7th. They set a “neutral” rating and a $7.40 price objective on the stock. Evercore ISI reduced their price target on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating for the company in a research report on Monday, February 10th. Argus cut shares of Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Guggenheim restated a “neutral” rating on shares of Under Armour in a report on Friday, February 7th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $4.00 price target on shares of Under Armour in a report on Friday, December 13th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Under Armour has an average rating of “Hold” and an average target price of $9.06.

Under Armour 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.