Geode Capital Management LLC lessened its holdings in Under Armour, Inc. (NYSE:UA - Free Report) by 7.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,714,708 shares of the company's stock after selling 212,740 shares during the period. Geode Capital Management LLC owned 0.63% of Under Armour worth $20,255,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Under Armour during the 4th quarter valued at approximately $1,260,000. Boston Partners boosted its holdings in Under Armour by 1,317.3% during the 4th quarter. Boston Partners now owns 1,722,420 shares of the company's stock valued at $12,852,000 after acquiring an additional 1,600,893 shares during the period. ABC Arbitrage SA purchased a new stake in shares of Under Armour in the 4th quarter worth approximately $819,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Under Armour by 26.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,808,152 shares of the company's stock valued at $13,489,000 after acquiring an additional 374,664 shares during the period. Finally, Edgestream Partners L.P. purchased a new stake in shares of Under Armour during the fourth quarter valued at about $2,342,000. Hedge funds and other institutional investors own 36.35% of the company's stock.
Under Armour Stock Performance
Shares of NYSE UA traded up $0.05 during midday trading on Thursday, reaching $5.51. The company had a trading volume of 643,048 shares, compared to its average volume of 3,535,670. 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 business's 50-day simple moving average is $5.96 and its 200 day simple moving average is $7.28. The stock has a market cap of $2.37 billion, a P/E ratio of -18.98 and a beta of 1.45. Under Armour, Inc. has a 1 year low of $4.62 and a 1 year high of $10.62.
Under Armour (NYSE:UA - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same quarter in the prior year, the firm earned $0.25 EPS.
Under Armour Profile
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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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