The Manufacturers Life Insurance Company Sells 8,228 Shares of Under Armour, Inc. (NYSE:UAA)

The Manufacturers Life Insurance Company reduced its position in shares of Under Armour, Inc. (NYSE:UAA) by 5.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 138,635 shares of the company’s stock after selling 8,228 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Under Armour were worth $1,148,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. MCF Advisors LLC lifted its position in Under Armour by 7.6% during the 4th quarter. MCF Advisors LLC now owns 20,187 shares of the company’s stock worth $167,000 after buying an additional 1,419 shares in the last quarter. Optas LLC raised its holdings in Under Armour by 5.5% during the fourth quarter. Optas LLC now owns 28,519 shares of the company’s stock worth $236,000 after acquiring an additional 1,484 shares in the last quarter. Mariner LLC boosted its position in Under Armour by 10.0% during the fourth quarter. Mariner LLC now owns 17,006 shares of the company’s stock valued at $141,000 after purchasing an additional 1,552 shares during the last quarter. Amalgamated Bank increased its position in shares of Under Armour by 2.4% during the 4th quarter. Amalgamated Bank now owns 87,534 shares of the company’s stock worth $725,000 after purchasing an additional 2,014 shares during the last quarter. Finally, Beacon Pointe Advisors LLC raised its stake in shares of Under Armour by 10.7% during the 4th quarter. Beacon Pointe Advisors LLC now owns 21,470 shares of the company’s stock worth $178,000 after purchasing an additional 2,080 shares in the last quarter. 34.58% of the stock is currently owned by institutional investors.

Under Armour Stock Performance

UAA opened at $6.28 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. Under Armour, Inc. has a 52-week low of $4.78 and a 52-week high of $11.89. The firm has a market cap of $2.70 billion, a P/E ratio of -21.66 and a beta of 1.54. The business’s fifty day moving average is $6.05 and its 200-day moving average is $7.65.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on UAA shares. Citigroup decreased their target price on shares of Under Armour from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Stifel Nicolaus decreased their price objective on shares of Under Armour from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. KGI Securities initiated coverage on shares of Under Armour in a report on Friday, March 7th. They issued a “neutral” rating and a $7.40 target price on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research note on Friday, February 7th. Finally, Evercore ISI dropped their price objective on Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $7.87.

Under Armour 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.