RKL Wealth Management LLC decreased its holdings in Under Armour Inc (NYSE:UAA) by 1.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 63,015 shares of the company’s stock after selling 1,081 shares during the quarter. RKL Wealth Management LLC’s holdings in Under Armour were worth $1,598,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in UAA. Quadrant Capital Group LLC bought a new position in Under Armour in the 1st quarter valued at about $25,000. Liberty Wealth Management LLC purchased a new stake in Under Armour in the 2nd quarter valued at about $25,000. Rehmann Capital Advisory Group purchased a new stake in Under Armour in the 1st quarter valued at about $28,000. Bremer Bank National Association purchased a new stake in Under Armour in the 1st quarter valued at about $42,000. Finally, Sandy Spring Bank increased its stake in Under Armour by 25.7% in the 2nd quarter. Sandy Spring Bank now owns 2,835 shares of the company’s stock valued at $71,000 after buying an additional 580 shares during the last quarter. 37.29% of the stock is currently owned by institutional investors and hedge funds.

Shares of UAA stock traded up $0.14 during trading hours on Friday, hitting $18.65. 3,317,900 shares of the company were exchanged, compared to its average volume of 6,374,914. The firm has a fifty day simple moving average of $24.50 and a 200 day simple moving average of $23.11. The company has a current ratio of 1.83, a quick ratio of 1.11 and a debt-to-equity ratio of 0.58. Under Armour Inc has a 52-week low of $16.52 and a 52-week high of $27.72. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of 69.07, a P/E/G ratio of 2.02 and a beta of 0.51.

Under Armour (NYSE:UAA) last issued its quarterly earnings results on Tuesday, July 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. Under Armour had a net margin of 1.62% and a return on equity of 7.86%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business posted ($0.08) EPS. Under Armour’s quarterly revenue was up 1.4% compared to the same quarter last year. Sell-side analysts anticipate that Under Armour Inc will post 0.34 EPS for the current year.

Several equities research analysts have commented on the stock. Credit Suisse Group reiterated a “neutral” rating and issued a $26.00 price objective on shares of Under Armour in a research note on Tuesday, April 30th. ValuEngine lowered shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Zacks Investment Research upgraded shares of Under Armour from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Wednesday, May 8th. Wells Fargo & Co increased their price objective on shares of Under Armour from $22.00 to $26.00 and gave the company a “market perform” rating in a research note on Thursday, June 13th. Finally, Pivotal Research reiterated a “hold” rating and issued a $25.00 price objective (up previously from $23.00) on shares of Under Armour in a research note on Wednesday, July 24th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $24.47.

Under Armour 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 and cold.

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

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