Cwm LLC Decreases Stock Holdings in Under Armour, Inc. (NYSE:UA)

Cwm LLC trimmed its position in shares of Under Armour, Inc. (NYSE:UAGet Rating) by 35.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,297 shares of the company’s stock after selling 2,893 shares during the quarter. Cwm LLC’s holdings in Under Armour were worth $32,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Mirabella Financial Services LLP lifted its position in shares of Under Armour by 9.7% during the third quarter. Mirabella Financial Services LLP now owns 17,877 shares of the company’s stock valued at $116,000 after buying an additional 1,586 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Under Armour by 1,468.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 157,667 shares of the company’s stock valued at $940,000 after purchasing an additional 147,617 shares during the last quarter. Colony Family Offices LLC purchased a new position in shares of Under Armour in the 3rd quarter valued at approximately $122,000. Retirement Planning Co of New England Inc. purchased a new position in shares of Under Armour in the 3rd quarter valued at approximately $65,000. Finally, Louisiana State Employees Retirement System purchased a new position in shares of Under Armour in the 3rd quarter valued at approximately $316,000. 32.63% of the stock is owned by hedge funds and other institutional investors.

Under Armour Stock Performance

Shares of Under Armour stock opened at $10.33 on Friday. Under Armour, Inc. has a 52 week low of $5.74 and a 52 week high of $17.75. The company has a quick ratio of 1.36, a current ratio of 2.09 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $4.67 billion, a P/E ratio of 33.32 and a beta of 1.47. The company has a 50 day moving average price of $8.90 and a 200 day moving average price of $7.94.

Under Armour (NYSE:UAGet Rating) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.20 earnings per share (EPS) for the quarter. Under Armour had a net margin of 2.51% and a return on equity of 9.13%. The company had revenue of $1.57 billion during the quarter.

Analysts Set New Price Targets

Separately, Citigroup decreased their price objective on shares of Under Armour from $10.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, October 26th.

Under Armour Company Profile

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Under Armour, Inc engages in the development, marketing, and distribution of branded performance apparel, footwear, and accessories for men, women, and youth. It operates through the following segments: North America, EMEA, Asia-Pacific, Latin America, and Connected Fitness. The Connected Fitness segment offers digital fitness subscriptions, along with digital advertising through its MapMyFitness, MyFitnessPal, and Endomondo applications.

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

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