RKL Wealth Management LLC trimmed its holdings in shares of Under Armour Inc (NYSE:UAA) by 27.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,608 shares of the company’s stock after selling 21,674 shares during the quarter. RKL Wealth Management LLC’s holdings in Under Armour were worth $834,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bamco Inc. NY grew its position in Under Armour by 10.8% during the third quarter. Bamco Inc. NY now owns 7,704,996 shares of the company’s stock valued at $126,978,000 after buying an additional 750,325 shares during the period. State Street Corp bought a new stake in Under Armour during the second quarter valued at approximately $157,325,000. Hexavest Inc. bought a new stake in Under Armour during the fourth quarter valued at approximately $39,368,000. Disciplined Growth Investors Inc. MN bought a new stake in Under Armour during the third quarter valued at approximately $39,964,000. Finally, Northern Trust Corp bought a new stake in Under Armour during the second quarter valued at approximately $44,368,000. Institutional investors own 31.91% of the company’s stock.

Under Armour Inc (NYSE UAA) opened at $12.92 on Tuesday. Under Armour Inc has a 1-year low of $11.40 and a 1-year high of $23.46. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.23 and a quick ratio of 1.16. The company has a market cap of $6,029.16, a price-to-earnings ratio of 33.29, a PEG ratio of 3.50 and a beta of -0.23.

Several analysts recently issued reports on the stock. Citigroup cut their target price on shares of Under Armour from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Monday. ValuEngine lowered shares of Under Armour from a “hold” rating to a “sell” rating in a research report on Friday. Macquarie downgraded shares of Under Armour from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $10.00 to $8.00 in a report on Tuesday, January 16th. Susquehanna Bancshares reaffirmed a “negative” rating and set a $11.00 price target on shares of Under Armour in a report on Tuesday, January 9th. Finally, UBS Group downgraded shares of Under Armour to a “neutral” rating in a report on Tuesday, January 9th. Eighteen research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Under Armour currently has a consensus rating of “Hold” and a consensus price target of $14.50.

TRADEMARK VIOLATION NOTICE: “RKL Wealth Management LLC Sells 21,674 Shares of Under Armour Inc (UAA)” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.watchlistnews.com/rkl-wealth-management-llc-sells-21674-shares-of-under-armour-inc-uaa/1848762.html.

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.

Want to see what other hedge funds are holding UAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Under Armour Inc (NYSE:UAA).

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

Receive News & Ratings for Under Armour Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour and related companies with MarketBeat.com's FREE daily email newsletter.