Independent Advisor Alliance lessened its stake in Under Armour Inc (NYSE:UAA) by 18.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,520 shares of the company’s stock after selling 5,754 shares during the period. Independent Advisor Alliance’s holdings in Under Armour were worth $425,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of UAA. D.A. Davidson & CO. bought a new stake in shares of Under Armour in the second quarter worth $118,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of Under Armour in the second quarter worth $129,000. WFG Advisors LP bought a new stake in shares of Under Armour in the second quarter worth $132,000. Hudock Capital Group LLC bought a new stake in shares of Under Armour in the second quarter worth $134,000. Finally, Armor Investment Advisors LLC bought a new stake in shares of Under Armour in the second quarter worth $134,000. Institutional investors and hedge funds own 31.22% of the company’s stock.

A number of analysts recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Under Armour to $11.00 and set an “underperform” rating for the company in a research note on Tuesday, October 31st. Credit Suisse Group lifted their price target on shares of Under Armour from $12.02 to $12.25 and gave the stock a “neutral” rating in a research note on Tuesday, November 7th. Zacks Investment Research lowered shares of Under Armour from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Vetr lowered shares of Under Armour from a “sell” rating to a “strong sell” rating and set a $12.00 target price for the company. in a research note on Monday. Finally, Wedbush reiterated a “neutral” rating and set a $17.00 target price on shares of Under Armour in a research note on Tuesday, October 3rd. Nineteen research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $16.92.

Shares of Under Armour Inc (NYSE UAA) traded up $0.03 on Thursday, hitting $13.62. 3,057,200 shares of the stock traded hands, compared to its average volume of 5,504,409. Under Armour Inc has a 52 week low of $11.40 and a 52 week high of $32.34. The firm has a market capitalization of $6,002.66, a P/E ratio of 33.15, a price-to-earnings-growth ratio of 4.02 and a beta of -0.13. The company has a current ratio of 2.23, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.49 billion. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. equities analysts expect that Under Armour Inc will post 0.2 EPS for the current fiscal year.

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Under Armour Company Profile

Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.

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

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