Cresset Asset Management LLC Sells 220,716 Shares of Under Armour, Inc. (NYSE:UAA)

Cresset Asset Management LLC trimmed its position in shares of Under Armour, Inc. (NYSE:UAA) by 88.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,069 shares of the company’s stock after selling 220,716 shares during the period. Cresset Asset Management LLC’s holdings in Under Armour were worth $232,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Compagnie Lombard Odier SCmA purchased a new position in Under Armour during the 4th quarter valued at about $25,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Under Armour in the 4th quarter worth approximately $27,000. SBI Securities Co. Ltd. purchased a new position in shares of Under Armour during the fourth quarter valued at approximately $40,000. Harbour Investments Inc. raised its holdings in shares of Under Armour by 438.2% during the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock valued at $51,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Amundi lifted its stake in Under Armour by 45.3% in the fourth quarter. Amundi now owns 13,540 shares of the company’s stock worth $110,000 after acquiring an additional 4,223 shares during the period. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on UAA. Stifel Nicolaus decreased their price objective on shares of Under Armour from $11.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday. Citigroup reduced their price target on shares of Under Armour from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Wells Fargo & Company raised their price objective on shares of Under Armour from $4.00 to $5.00 and gave the stock an “equal weight” rating in a report on Wednesday. Bank of America cut their price objective on Under Armour from $10.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, KGI Securities initiated coverage on Under Armour in a report on Friday, March 7th. They set a “neutral” rating and a $7.40 target price on the stock. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7.33.

Under Armour Price Performance

Shares of NYSE:UAA opened at $6.71 on Friday. The business has a fifty day moving average price of $6.00 and a 200-day moving average price of $7.61. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. The company has a market capitalization of $2.88 billion, a PE ratio of -23.12 and a beta of 1.54. Under Armour, Inc. has a 1-year low of $4.78 and a 1-year high of $11.89.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.01. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. As a group, equities analysts expect that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing 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.