Mint Tower Capital Management B.V. Sells 8,994 Shares of Under Armour Inc (UAA)

Mint Tower Capital Management B.V. lowered its holdings in shares of Under Armour Inc (NYSE:UAA) by 45.0% during the third quarter, HoldingsChannel reports. The firm owned 11,006 shares of the company’s stock after selling 8,994 shares during the period. Mint Tower Capital Management B.V.’s holdings in Under Armour were worth $234,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Under Armour by 2.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 90,309 shares of the company’s stock valued at $2,030,000 after purchasing an additional 2,481 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Under Armour by 7.4% during the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 46,633 shares of the company’s stock valued at $1,048,000 after purchasing an additional 3,218 shares in the last quarter. Essex Investment Management Co. LLC raised its holdings in shares of Under Armour by 25.5% during the 2nd quarter. Essex Investment Management Co. LLC now owns 17,794 shares of the company’s stock valued at $400,000 after purchasing an additional 3,611 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Under Armour by 1.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 270,835 shares of the company’s stock valued at $6,088,000 after purchasing an additional 3,672 shares in the last quarter. Finally, WealthPLAN Partners LLC raised its holdings in shares of Under Armour by 19.0% during the 2nd quarter. WealthPLAN Partners LLC now owns 23,630 shares of the company’s stock valued at $531,000 after purchasing an additional 3,771 shares in the last quarter. Institutional investors and hedge funds own 36.86% of the company’s stock.

A number of research firms have recently weighed in on UAA. Wedbush raised their price target on shares of Under Armour from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, July 20th. Stifel Nicolaus raised their price target on shares of Under Armour from $27.00 to $30.00 and gave the company a “sell” rating in a report on Monday, November 5th. Telsey Advisory Group raised their price target on shares of Under Armour from $15.00 to $22.00 and gave the company a “market perform” rating in a report on Monday, July 23rd. Buckingham Research raised their price target on shares of Under Armour from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, October 31st. Finally, Credit Suisse Group raised their price target on shares of Under Armour from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, October 31st. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $20.90.

Shares of UAA opened at $22.75 on Friday. The firm has a market capitalization of $10.18 billion, a P/E ratio of 134.59, a PEG ratio of 5.10 and a beta of -0.45. Under Armour Inc has a one year low of $11.88 and a one year high of $24.69. The company has a current ratio of 1.99, a quick ratio of 1.09 and a debt-to-equity ratio of 0.35.

Under Armour (NYSE:UAA) last announced its earnings results on Tuesday, October 30th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.12 by $0.13. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. Under Armour had a negative net margin of 2.68% and a positive return on equity of 3.96%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 EPS. On average, research analysts expect that Under Armour Inc will post 0.22 EPS for the current fiscal year.

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Under Armour Company 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, cold, and in between the extremes.

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

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