Lumbard & Kellner LLC Acquires 1,949 Shares of Under Armour, Inc. (NYSE:UAA)

Lumbard & Kellner LLC lifted its position in Under Armour, Inc. (NYSE:UAA) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 461,791 shares of the company’s stock after acquiring an additional 1,949 shares during the quarter. Lumbard & Kellner LLC owned 0.11% of Under Armour worth $3,080,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Hexagon Capital Partners LLC lifted its holdings in shares of Under Armour by 101.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock worth $28,000 after acquiring an additional 1,890 shares during the last quarter. Optas LLC bought a new stake in shares of Under Armour in the 2nd quarter worth about $72,000. Innealta Capital LLC bought a new stake in shares of Under Armour in the 4th quarter worth about $100,000. Koss Olinger Consulting LLC bought a new stake in shares of Under Armour in the 2nd quarter worth about $79,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Under Armour in the 2nd quarter worth about $80,000. Institutional investors own 34.58% of the company’s stock.

Under Armour Trading Down 1.6 %

NYSE UAA opened at $7.79 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.73 and a debt-to-equity ratio of 0.33. The firm has a market cap of $3.37 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 3.53 and a beta of 1.65. The company has a 50 day moving average price of $7.40 and a 200 day moving average price of $7.14. Under Armour, Inc. has a 52 week low of $6.17 and a 52 week high of $9.50.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.09. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.14 billion. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. Under Armour’s revenue was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.02 EPS. As a group, sell-side analysts forecast that Under Armour, Inc. will post 0.21 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on UAA. Stifel Nicolaus raised their price target on shares of Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Argus raised shares of Under Armour to a “strong-buy” rating in a research note on Thursday, August 15th. Barclays raised their price target on shares of Under Armour from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. BMO Capital Markets raised their price target on shares of Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Truist Financial raised their price target on shares of Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $7.57.

About Under Armour

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.