Russell Investments Group Ltd. Sells 115,678 Shares of Under Armour, Inc. (NYSE:UAA)

Russell Investments Group Ltd. lowered its stake in Under Armour, Inc. (NYSE:UAA - Free Report) by 52.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 104,168 shares of the company's stock after selling 115,678 shares during the quarter. Russell Investments Group Ltd.'s holdings in Under Armour were worth $863,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. raised its stake in Under Armour by 160.5% in the fourth quarter. American Century Companies Inc. now owns 4,013,671 shares of the company's stock valued at $33,233,000 after buying an additional 2,472,813 shares during the period. Norges Bank bought a new stake in Under Armour in the 4th quarter valued at $11,151,000. ExodusPoint Capital Management LP acquired a new stake in Under Armour during the 4th quarter valued at $6,060,000. Trexquant Investment LP boosted its position in Under Armour by 179.7% during the fourth quarter. Trexquant Investment LP now owns 612,159 shares of the company's stock worth $5,069,000 after purchasing an additional 393,330 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Under Armour by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company's stock valued at $128,741,000 after acquiring an additional 263,988 shares during the period. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Trading Up 0.7 %

NYSE:UAA traded up $0.04 during trading hours on Thursday, hitting $5.82. 12,606,669 shares of the company were exchanged, compared to its average volume of 12,067,057. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of -20.07 and a beta of 1.49. The company has a fifty day simple moving average of $6.36 and a 200 day simple moving average of $7.95. 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, Inc. has a one year low of $4.78 and a one year high of $11.89.

Under Armour (NYSE:UAA - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate 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 firm posted $0.19 earnings per share. Sell-side analysts expect that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on UAA shares. UBS Group decreased their price target on shares of Under Armour from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. StockNews.com upgraded Under Armour from a "sell" rating to a "hold" rating in a research note on Thursday, March 20th. Evercore ISI dropped their price objective on Under Armour from $8.00 to $7.00 and set an "underperform" rating for the company in a report on Monday, February 10th. Argus lowered Under Armour from a "buy" rating to a "hold" rating in a report on Thursday, January 16th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $10.00 price target on shares of Under Armour in a research note on Thursday, February 6th. Three equities research 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. According to data from MarketBeat, Under Armour has an average rating of "Hold" and a consensus price target of $9.12.

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.