As Under Armour INC Class A (UA) Market Valuation Declined, Shareholder Roffman Miller Associates INC Lowered Position

June 19, 2017 - By Darrin Black

Roffman Miller Associates Inc decreased its stake in Under Armour Inc Class A (UA) by 47.64% based on its latest 2016Q4 regulatory filing with the SEC. Roffman Miller Associates Inc sold 122,056 shares as the company’s stock declined 9.57% while stock markets rallied. The institutional investor held 134,147 shares of the consumer non-durables company at the end of 2016Q4, valued at $3.90M, down from 256,203 at the end of the previous reported quarter. Roffman Miller Associates Inc who had been investing in Under Armour Inc Class A for a number of months, seems to be less bullish one the $8.59 billion market cap company. The stock declined 0.53% or $0.1 reaching $19.57 per share. About 486,625 shares traded. Under Armour Inc (NYSE:UA) has declined 48.39% since June 19, 2016 and is downtrending. It has underperformed by 65.09% the S&P500.

Roffman Miller Associates Inc, which manages about $833.24 million and $662.89M US Long portfolio, upped its stake in Under Armour Class C by 201,368 shares to 417,781 shares, valued at $10.52M in 2016Q4, according to the filing.

Investors wait Under Armour Inc (NYSE:UA) to report on July, 25. its quarterly earnings

More notable recent Under Armour Inc (NYSE:UA) news were published by: Seekingalpha.com which released: “Under Armour: Can Curry 4 Make A Difference?” on June 09, 2017, also Streetinsider.com with their article: “Credit Suisse Maintains Underperform Rating & $17 PT on Under Armour Inc (UAA …” published on June 15, 2017, Seekingalpha.com published: “Under Armour’s Profitability Woes” on June 14, 2017. More interesting news about Under Armour Inc (NYSE:UA) were released by: Fool.com and their article: “3 Reasons Under Armour Inc. Stock Could Keep Falling” published on June 11, 2017 as well as Seekingalpha.com‘s news article titled: “Time To Throw In The Towel On Under Armour?” with publication date: May 23, 2017.

Under Armour Inc (NYSE:UA) Ratings Coverage

Among 32 analysts covering Under Armour (NYSE:UA), 6 have Buy rating, 4 Sell and 22 Hold. Therefore 19% are positive. Under Armour had 74 analyst reports since July 21, 2015 according to SRatingsIntel. As per Friday, October 23, the company rating was downgraded by BB&T Capital. The company was maintained on Wednesday, June 1 by Citigroup. The stock has “Hold” rating by Argus Research on Wednesday, August 31. Morgan Stanley downgraded it to “Underweight” rating and $62.0 target in Monday, January 11 report. Telsey Advisory Group maintained Under Armour Inc (NYSE:UA) on Thursday, September 17 with “Outperform” rating. DA Davidson maintained Under Armour Inc (NYSE:UA) on Friday, June 3 with “Buy” rating. The rating was upgraded by Argus Research on Friday, July 31 to “Buy”. The firm has “Neutral” rating given on Tuesday, January 31 by Bank of America. FBR Capital maintained the shares of UA in report on Thursday, September 17 with “Outperform” rating. The firm has “Neutral” rating by Credit Suisse given on Wednesday, June 1.

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