Edmond DE Rothschild Holding S.A. Sells 48,696 Shares of Under Armour, Inc. (NYSE:UAA)

Edmond DE Rothschild Holding S.A. trimmed its holdings in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 49.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,000 shares of the company's stock after selling 48,696 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Under Armour were worth $414,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. grew its stake in Under Armour by 163.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company's stock valued at $26,000 after purchasing an additional 1,800 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new position in Under Armour in the fourth quarter worth approximately $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Under Armour during the fourth quarter valued at approximately $27,000. SBI Securities Co. Ltd. acquired a new stake in Under Armour in the fourth quarter valued at approximately $40,000. Finally, Harbour Investments Inc. grew its position in Under Armour by 438.2% in the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company's stock worth $51,000 after acquiring an additional 5,000 shares in the last quarter. 34.58% of the stock is owned by hedge funds and other institutional investors.

Under Armour Price Performance

UAA traded down $1.25 during midday trading on Thursday, reaching $5.36. 35,633,122 shares of the company's stock were exchanged, compared to its average volume of 11,330,712. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of -18.47 and a beta of 1.63. The business has a 50-day simple moving average of $7.12 and a two-hundred day simple moving average of $8.26. Under Armour, Inc. has a one year low of $5.31 and a one year high of $11.89. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30.

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Under Armour (NYSE:UAA - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the company earned $0.19 earnings per share. As a group, research analysts predict that Under Armour, Inc. will post 0.3 EPS for the current year.

Analysts Set New Price Targets

UAA has been the subject of several analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of Under Armour in a report on Friday, February 7th. Guggenheim restated a "neutral" rating on shares of Under Armour in a report on Friday, February 7th. StockNews.com raised shares of Under Armour from a "sell" rating to a "hold" rating in a research report on Thursday, March 20th. Telsey Advisory Group reiterated a "market perform" rating and issued a $10.00 target price on shares of Under Armour in a research note on Thursday, February 6th. Finally, KGI Securities assumed coverage on shares of Under Armour in a research report on Friday, March 7th. They set a "neutral" rating and a $7.40 target price for the company. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $9.06.

Under Armour Profile

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.