Under Armour Inc (UA) Position Reduced by MML Investors Services LLC
MML Investors Services LLC lessened its holdings in Under Armour Inc (NYSE:UA) by 4.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,109 shares of the company’s stock after selling 561 shares during the quarter. MML Investors Services LLC’s holdings in Under Armour were worth $196,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of UA. Focused Wealth Management Inc grew its holdings in shares of Under Armour by 495.7% during the fourth quarter. Focused Wealth Management Inc now owns 1,551 shares of the company’s stock worth $25,000 after purchasing an additional 1,943 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Under Armour by 54.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,935 shares of the company’s stock worth $31,000 after purchasing an additional 679 shares during the last quarter. Enlightenment Research LLC purchased a new position in shares of Under Armour during the fourth quarter worth about $34,000. Rehmann Capital Advisory Group grew its holdings in shares of Under Armour by 152.7% during the fourth quarter. Rehmann Capital Advisory Group now owns 2,188 shares of the company’s stock worth $37,000 after purchasing an additional 1,322 shares during the last quarter. Finally, Bremer Trust National Association purchased a new position in shares of Under Armour during the fourth quarter worth about $38,000. 33.47% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Paul Fipps sold 23,247 shares of the firm’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $19.49, for a total value of $453,084.03. Following the completion of the sale, the insider now owns 362,784 shares in the company, valued at $7,070,660.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 16.00% of the stock is owned by company insiders.
Under Armour (NYSE:UA) last announced its earnings results on Tuesday, February 12th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.05. Under Armour had a negative net margin of 0.89% and a positive return on equity of 6.03%. The business had revenue of $1.39 billion during the quarter.
Several equities analysts have issued reports on the company. Canaccord Genuity set a $13.00 price objective on Under Armour and gave the stock a “sell” rating in a report on Tuesday, March 19th. Pivotal Research reaffirmed a “hold” rating and set a $22.00 price objective on shares of Under Armour in a report on Wednesday, February 13th. B. Riley set a $12.00 price objective on Under Armour and gave the stock a “sell” rating in a report on Tuesday, February 5th. ValuEngine raised Under Armour from a “hold” rating to a “buy” rating in a report on Saturday, January 19th. Finally, Piper Jaffray Companies set a $30.00 price objective on Under Armour and gave the stock a “buy” rating in a report on Monday, December 31st. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $19.00.
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.
Further Reading: Certificate of Deposit (CD)
Want to see what other hedge funds are holding UA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Under Armour Inc (NYSE:UA).
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.