Under Armour, Inc. (NYSE:UA) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its holdings in shares of Under Armour, Inc. (NYSE:UA) by 6.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,076 shares of the company’s stock after selling 8,797 shares during the period. Amalgamated Bank’s holdings in Under Armour were worth $791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in UA. BDT Capital Partners LLC lifted its stake in shares of Under Armour by 22.6% in the fourth quarter. BDT Capital Partners LLC now owns 42,953,937 shares of the company’s stock worth $358,665,000 after buying an additional 7,919,165 shares in the last quarter. Norges Bank purchased a new position in Under Armour in the 4th quarter worth approximately $19,686,000. Profit Investment Management LLC boosted its holdings in shares of Under Armour by 26.3% during the 1st quarter. Profit Investment Management LLC now owns 565,869 shares of the company’s stock worth $4,040,000 after purchasing an additional 117,996 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Under Armour in the first quarter valued at approximately $1,217,000. Finally, Concurrent Investment Advisors LLC increased its holdings in shares of Under Armour by 16.5% in the first quarter. Concurrent Investment Advisors LLC now owns 21,537 shares of the company’s stock valued at $154,000 after purchasing an additional 3,045 shares during the last quarter. Institutional investors and hedge funds own 36.35% of the company’s stock.

Wall Street Analyst Weigh In

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

Under Armour Stock Performance

Under Armour stock opened at $8.41 on Friday. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 15.87 and a beta of 1.64. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.73 and a quick ratio of 1.08. The firm has a 50 day simple moving average of $7.33 and a 200-day simple moving average of $6.90. Under Armour, Inc. has a 1-year low of $5.91 and a 1-year high of $8.99.

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