Occudo Quantitative Strategies LP Has $108,000 Stock Holdings in Under Armour, Inc. (NYSE:UAA)

Occudo Quantitative Strategies LP cut its stake in Under Armour, Inc. (NYSE:UAA - Free Report) by 92.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,055 shares of the company's stock after selling 159,056 shares during the quarter. Occudo Quantitative Strategies LP's holdings in Under Armour were worth $108,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC grew its holdings in Under Armour by 193.2% during the 4th quarter. FMR LLC now owns 28,317,951 shares of the company's stock valued at $234,473,000 after purchasing an additional 18,658,128 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in Under Armour by 55.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company's stock valued at $81,057,000 after buying an additional 3,503,006 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Under Armour during the fourth quarter valued at about $28,249,000. American Century Companies Inc. increased its position in shares of Under Armour by 160.5% during the fourth quarter. American Century Companies Inc. now owns 4,013,671 shares of the company's stock worth $33,233,000 after acquiring an additional 2,472,813 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Under Armour during the fourth quarter worth about $11,151,000. Institutional investors and hedge funds own 34.58% of the company's stock.

Under Armour Trading Down 2.0%

Shares of Under Armour stock traded down $0.14 on Wednesday, reaching $6.54. 13,130,429 shares of the company were exchanged, compared to its average volume of 12,608,295. Under Armour, Inc. has a fifty-two week low of $4.78 and a fifty-two week high of $11.89. The stock has a fifty day moving average price of $5.98 and a 200-day moving average price of $7.58. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of -22.53 and a beta of 1.54. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.01. 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 analyst estimates of $1.16 billion. During the same period last year, the company earned $0.11 earnings per share. Under Armour's quarterly revenue was down 11.4% compared to the same quarter last year. On average, analysts expect that Under Armour, Inc. will post 0.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UAA. Needham & Company LLC reissued a "hold" rating on shares of Under Armour in a report on Wednesday, May 14th. Barclays reduced their target price on Under Armour from $8.00 to $6.00 and set an "equal weight" rating for the company in a research note on Monday, May 12th. Stifel Nicolaus cut their price target on shares of Under Armour from $11.00 to $10.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Truist Financial decreased their price objective on shares of Under Armour from $9.00 to $7.00 and set a "hold" rating for the company in a report on Wednesday, May 14th. Finally, Evercore ISI cut their target price on shares of Under Armour from $7.00 to $6.00 and set an "underperform" rating on the stock in a research note on Wednesday, May 14th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $7.33.

Under Armour Company Profile

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.