Capula Management Ltd Sells 83,518 Shares of Under Armour, Inc. (NYSE:UAA)

Capula Management Ltd cut its holdings in Under Armour, Inc. (NYSE:UAA) by 75.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,727 shares of the company’s stock after selling 83,518 shares during the quarter. Capula Management Ltd’s holdings in Under Armour were worth $221,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Empowered Funds LLC acquired a new stake in shares of Under Armour in the 4th quarter valued at approximately $412,000. Teacher Retirement System of Texas bought a new position in Under Armour in the 4th quarter valued at approximately $313,000. Fox Run Management L.L.C. boosted its position in Under Armour by 215.1% in the fourth quarter. Fox Run Management L.L.C. now owns 68,596 shares of the company’s stock valued at $568,000 after buying an additional 46,828 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Under Armour by 11.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,431,487 shares of the company’s stock worth $11,853,000 after buying an additional 150,958 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Under Armour by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,815,640 shares of the company’s stock worth $39,873,000 after buying an additional 84,802 shares in the last quarter. Institutional investors own 34.58% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barclays cut their price objective on Under Armour from $11.00 to $8.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. KGI Securities started coverage on Under Armour in a research note on Friday, March 7th. They set a “neutral” rating and a $7.40 price target on the stock. UBS Group lowered their price objective on Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Telsey Advisory Group reiterated a “market perform” rating and set a $10.00 target price on shares of Under Armour in a research report on Thursday, February 6th. Finally, Evercore ISI reduced their target price on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a report on Monday, February 10th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.06.

Under Armour Trading Down 5.8 %

Shares of UAA stock opened at $4.94 on Wednesday. Under Armour, Inc. has a fifty-two week low of $4.82 and a fifty-two week high of $11.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. The stock has a 50 day simple moving average of $6.86 and a two-hundred day simple moving average of $8.19. The company has a market cap of $2.12 billion, a P/E ratio of -17.02 and a beta of 1.49.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same quarter in the prior year, the business posted $0.19 earnings per share. Research analysts forecast that Under Armour, Inc. will post 0.3 earnings per share for the current year.

About Under Armour

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.