American Century Companies Inc. Has $33.23 Million Stake in Under Armour, Inc. (NYSE:UAA)

American Century Companies Inc. grew its holdings in Under Armour, Inc. (NYSE:UAA - Free Report) by 160.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,013,671 shares of the company's stock after purchasing an additional 2,472,813 shares during the period. American Century Companies Inc. owned approximately 0.93% of Under Armour worth $33,233,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. MCF Advisors LLC grew its position in Under Armour by 7.6% during the fourth quarter. MCF Advisors LLC now owns 20,187 shares of the company's stock valued at $167,000 after purchasing an additional 1,419 shares in the last quarter. Optas LLC grew its holdings in shares of Under Armour by 5.5% during the 4th quarter. Optas LLC now owns 28,519 shares of the company's stock valued at $236,000 after acquiring an additional 1,484 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Under Armour by 163.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company's stock valued at $26,000 after acquiring an additional 1,800 shares in the last quarter. Amalgamated Bank increased its stake in shares of Under Armour by 2.4% in the fourth quarter. Amalgamated Bank now owns 87,534 shares of the company's stock worth $725,000 after acquiring an additional 2,014 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of Under Armour by 0.8% during the fourth quarter. Swiss National Bank now owns 371,400 shares of the company's stock worth $3,075,000 after acquiring an additional 2,800 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have weighed in on UAA. StockNews.com raised Under Armour from a "sell" rating to a "hold" rating in a research report on Thursday, March 20th. UBS Group dropped their price objective on Under Armour from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. KGI Securities started coverage on shares of Under Armour in a research note on Friday, March 7th. They issued a "neutral" rating and a $7.40 target price for the company. Needham & Company LLC restated a "hold" rating on shares of Under Armour in a research note on Friday, February 7th. Finally, Guggenheim reissued a "neutral" rating on shares of Under Armour in a research note on Friday, February 7th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $9.06.

Under Armour Stock Performance

Shares of NYSE UAA traded down $0.04 during trading hours on Monday, reaching $6.27. The stock had a trading volume of 8,206,106 shares, compared to its average volume of 11,796,224. The company has a market cap of $2.69 billion, a price-to-earnings ratio of -21.60 and a beta of 1.63. Under Armour, Inc. has a twelve month low of $6.10 and a twelve month high of $11.89. The business's fifty day moving average is $7.30 and its two-hundred day moving average is $8.30. 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 (NYSE:UAA - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period last year, the firm posted $0.19 EPS. As a group, research analysts expect that Under Armour, Inc. will post 0.3 EPS for the current 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.