Amalgamated Bank Has $725,000 Stock Position in Under Armour, Inc. (NYSE:UAA)

Amalgamated Bank boosted its position in Under Armour, Inc. (NYSE:UAA) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 87,534 shares of the company’s stock after purchasing an additional 2,014 shares during the period. Amalgamated Bank’s holdings in Under Armour were worth $725,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. FMR LLC lifted its position in Under Armour by 144,746.6% during the third quarter. FMR LLC now owns 9,659,823 shares of the company’s stock worth $86,069,000 after acquiring an additional 9,653,154 shares during the last quarter. Pacer Advisors Inc. lifted its position in Under Armour by 33,725.1% during the third quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock worth $85,526,000 after acquiring an additional 9,570,512 shares during the last quarter. Quantinno Capital Management LP lifted its position in Under Armour by 195.8% during the third quarter. Quantinno Capital Management LP now owns 903,257 shares of the company’s stock worth $8,048,000 after acquiring an additional 597,943 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its position in Under Armour by 6.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock worth $51,149,000 after acquiring an additional 327,979 shares during the last quarter. Finally, Quantbot Technologies LP lifted its position in Under Armour by 288.1% during the third quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock worth $3,772,000 after acquiring an additional 314,226 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UAA. Barclays cut their price objective on shares of Under Armour from $11.00 to $8.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Wells Fargo & Company raised their price objective on shares of Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a report on Friday, February 7th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $10.00 target price on shares of Under Armour in a report on Thursday, February 6th. Finally, UBS Group lowered their target price on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $9.09.

Under Armour Stock Performance

Shares of Under Armour stock opened at $6.67 on Wednesday. The firm has a market capitalization of $2.87 billion, a P/E ratio of -22.98 and a beta of 1.69. The company’s 50 day moving average price is $7.88 and its two-hundred day moving average price is $8.47. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. Under Armour, Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $11.89.

Under Armour (NYSE:UAA) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the firm earned $0.19 EPS. On average, equities analysts forecast that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal 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.