Mint Tower Capital Management B.V. Trims Position in Under Armour Inc (UAA)

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Mint Tower Capital Management B.V. trimmed its holdings in shares of Under Armour Inc (NYSE:UAA) by 45.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,006 shares of the company’s stock after selling 8,994 shares during the period. Mint Tower Capital Management B.V.’s holdings in Under Armour were worth $234,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. BlackRock Inc. boosted its holdings in Under Armour by 0.7% during the second quarter. BlackRock Inc. now owns 11,949,678 shares of the company’s stock worth $268,631,000 after buying an additional 80,926 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Under Armour by 35.7% during the second quarter. Bank of New York Mellon Corp now owns 2,502,746 shares of the company’s stock worth $56,261,000 after buying an additional 658,769 shares in the last quarter. ANTIPODES PARTNERS Ltd bought a new stake in Under Armour during the second quarter worth approximately $49,446,000. Northern Trust Corp boosted its holdings in Under Armour by 0.6% during the second quarter. Northern Trust Corp now owns 2,031,950 shares of the company’s stock worth $45,679,000 after buying an additional 12,451 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in Under Armour during the second quarter worth approximately $31,283,000. Hedge funds and other institutional investors own 36.86% of the company’s stock.

A number of analysts recently weighed in on UAA shares. Pivotal Research raised their target price on shares of Under Armour from $20.00 to $24.00 and gave the stock a “hold” rating in a report on Wednesday, October 31st. Wedbush raised their target price on shares of Under Armour from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, July 20th. Credit Suisse Group raised their target price on shares of Under Armour from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, July 27th. ValuEngine upgraded shares of Under Armour from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Finally, Morgan Stanley began coverage on shares of Under Armour in a report on Wednesday, August 1st. They set an “equal weight” rating and a $20.00 target price for the company. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $20.90.

Under Armour stock opened at $22.75 on Friday. Under Armour Inc has a 52 week low of $11.88 and a 52 week high of $24.69. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.99 and a quick ratio of 1.09. The company has a market capitalization of $10.18 billion, a P/E ratio of 134.59, a PEG ratio of 5.10 and a beta of -0.45.

Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.13. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. Under Armour had a negative net margin of 2.68% and a positive return on equity of 3.96%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the business posted $0.22 EPS. Equities analysts forecast that Under Armour Inc will post 0.22 EPS for the current year.

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Under Armour Company 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, cold, and in between the extremes.

Further Reading: What is a stock split?

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

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