Millennium Management LLC cut its holdings in Under Armour, Inc. (NYSE:UA - Free Report) by 26.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 437,602 shares of the company's stock after selling 154,839 shares during the quarter. Millennium Management LLC owned approximately 0.10% of Under Armour worth $3,265,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in Under Armour in the 4th quarter valued at approximately $18,688,000. Boston Partners boosted its stake in Under Armour by 1,317.3% in the 4th quarter. Boston Partners now owns 1,722,420 shares of the company's stock valued at $12,852,000 after purchasing an additional 1,600,893 shares during the period. American Century Companies Inc. lifted its position in shares of Under Armour by 182.3% during the 4th quarter. American Century Companies Inc. now owns 2,250,631 shares of the company's stock valued at $16,790,000 after acquiring an additional 1,453,399 shares during the period. Bank of America Corp DE lifted its position in shares of Under Armour by 617.4% during the 4th quarter. Bank of America Corp DE now owns 1,555,160 shares of the company's stock valued at $11,601,000 after acquiring an additional 1,338,376 shares during the period. Finally, Janus Henderson Group PLC lifted its position in shares of Under Armour by 1,477.2% during the 4th quarter. Janus Henderson Group PLC now owns 1,374,220 shares of the company's stock valued at $10,245,000 after acquiring an additional 1,287,088 shares during the period. Institutional investors own 36.35% of the company's stock.
Under Armour Price Performance
Shares of Under Armour stock traded down $0.15 during trading on Monday, reaching $6.16. 2,312,370 shares of the company's stock were exchanged, compared to its average volume of 3,573,604. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. Under Armour, Inc. has a 1-year low of $4.62 and a 1-year high of $10.62. The company has a market cap of $2.65 billion, a P/E ratio of -21.22 and a beta of 1.47. The firm's 50-day moving average price is $5.70 and its 200 day moving average price is $6.82.
Under Armour (NYSE:UA - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.08). Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. The business had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.16 billion.
About Under Armour
(
Free Report)
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.
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