D. E. Shaw & Co. Inc. Reduces Stake in Under Armour, Inc. (NYSE:UA)

D. E. Shaw & Co. Inc. cut its holdings in shares of Under Armour, Inc. (NYSE:UA - Free Report) by 18.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,169,475 shares of the company's stock after selling 266,650 shares during the period. D. E. Shaw & Co. Inc. owned about 0.27% of Under Armour worth $8,724,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Harbour Investments Inc. increased its stake in shares of Under Armour by 592.9% in the fourth quarter. Harbour Investments Inc. now owns 3,506 shares of the company's stock worth $26,000 after acquiring an additional 3,000 shares during the last quarter. Bellwether Advisors LLC bought a new position in Under Armour in the 4th quarter worth approximately $29,000. Quarry LP bought a new position in Under Armour in the 4th quarter worth approximately $30,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Under Armour in the 4th quarter valued at approximately $45,000. Finally, Kercheville Advisors LLC acquired a new position in shares of Under Armour in the 4th quarter valued at $75,000. 36.35% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Stock Down 2.2%

Shares of Under Armour stock traded down $0.14 during trading hours on Monday, reaching $6.21. 1,588,666 shares of the company's stock were exchanged, compared to its average volume of 3,577,012. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average of $5.69 and a two-hundred day moving average of $6.98. The stock has a market cap of $2.67 billion, a P/E ratio of -21.41 and a beta of 1.47. Under Armour, Inc. has a fifty-two week low of $4.62 and a fifty-two week high of $10.62.

Under Armour (NYSE:UA - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.08). Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. The firm had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.16 billion.

Under Armour Company Profile

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.