Alliancebernstein L.P. Sells 107,092 Shares of Under Armour, Inc. (NYSE:UA)

Alliancebernstein L.P. trimmed its position in shares of Under Armour, Inc. (NYSE:UA - Free Report) by 30.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,605 shares of the company's stock after selling 107,092 shares during the period. Alliancebernstein L.P. owned approximately 0.06% of Under Armour worth $1,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of UA. Harbour Investments Inc. raised its holdings in Under Armour by 592.9% during the 4th quarter. Harbour Investments Inc. now owns 3,506 shares of the company's stock valued at $26,000 after buying an additional 3,000 shares during the period. Sugar Maple Asset Management LLC purchased a new stake in Under Armour during the 4th quarter valued at $45,000. Kercheville Advisors LLC purchased a new stake in Under Armour during the 4th quarter valued at $75,000. Sigma Planning Corp purchased a new stake in Under Armour during the 4th quarter valued at $82,000. Finally, Fielder Capital Group LLC raised its holdings in Under Armour by 17.9% during the 4th quarter. Fielder Capital Group LLC now owns 12,489 shares of the company's stock valued at $93,000 after buying an additional 1,898 shares during the period. 36.35% of the stock is owned by hedge funds and other institutional investors.

Under Armour Trading Up 3.1 %

NYSE:UA traded up $0.17 during midday trading on Wednesday, hitting $5.69. 367,840 shares of the company traded hands, compared to its average volume of 3,532,317. The firm's fifty day moving average is $5.98 and its 200-day moving average is $7.29. Under Armour, Inc. has a 12-month low of $4.62 and a 12-month high of $10.62. The firm has a market capitalization of $2.45 billion, a P/E ratio of -19.62 and a beta of 1.45. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UA - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same period last year, the business earned $0.25 EPS.

Under Armour Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.