Zurcher Kantonalbank Zurich Cantonalbank Has $1.95 Million Stock Holdings in Under Armour, Inc. (NYSE:UAA)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 74.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 235,275 shares of the company's stock after purchasing an additional 100,554 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.05% of Under Armour worth $1,948,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of UAA. FMR LLC grew its stake in shares of Under Armour by 144,746.6% during the third quarter. FMR LLC now owns 9,659,823 shares of the company's stock valued at $86,069,000 after purchasing an additional 9,653,154 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Under Armour by 33,725.1% during the third quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company's stock valued at $85,526,000 after purchasing an additional 9,570,512 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of Under Armour by 195.8% during the third quarter. Quantinno Capital Management LP now owns 903,257 shares of the company's stock valued at $8,048,000 after purchasing an additional 597,943 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its stake in shares of Under Armour by 6.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company's stock valued at $51,149,000 after purchasing an additional 327,979 shares during the last quarter. Finally, Quantbot Technologies LP grew its stake in shares of Under Armour by 288.1% during the third quarter. Quantbot Technologies LP now owns 423,311 shares of the company's stock valued at $3,772,000 after purchasing an additional 314,226 shares during the last quarter. 34.58% of the stock is owned by institutional investors.

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Under Armour Stock Down 1.9 %

UAA stock traded down $0.13 during midday trading on Thursday, hitting $6.48. The company's stock had a trading volume of 12,796,865 shares, compared to its average volume of 10,852,335. 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, Inc. has a twelve month low of $6.17 and a twelve month high of $11.89. The company's fifty day moving average price is $7.58 and its 200 day moving average price is $8.38. The stock has a market capitalization of $2.78 billion, a P/E ratio of -22.33 and a beta of 1.63.

Under Armour (NYSE:UAA - Get Free Report) last issued 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 company posted $0.19 EPS. As a group, equities research analysts predict that Under Armour, Inc. will post 0.3 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on UAA shares. 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 price objective on the stock. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $10.00 price objective on shares of Under Armour in a research note on Thursday, February 6th. StockNews.com raised shares of Under Armour from a "sell" rating to a "hold" rating in a research note on Thursday. Needham & Company LLC reaffirmed a "hold" rating on shares of Under Armour in a research note on Friday, February 7th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Under Armour in a research note on Friday, February 7th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $9.06.

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.