Victory Capital Management Inc. Sells 202,642 Shares of Under Armour, Inc. (NYSE:UA)

Victory Capital Management Inc. lowered its stake in Under Armour, Inc. (NYSE:UA - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,501,527 shares of the company's stock after selling 202,642 shares during the quarter. Victory Capital Management Inc. owned about 1.03% of Under Armour worth $37,588,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its holdings in Under Armour by 23.8% during the third quarter. Commonwealth Equity Services LLC now owns 81,765 shares of the company's stock worth $522,000 after buying an additional 15,738 shares during the last quarter. Raymond James & Associates increased its holdings in Under Armour by 37.4% during the third quarter. Raymond James & Associates now owns 206,227 shares of the company's stock worth $1,316,000 after buying an additional 56,132 shares during the last quarter. New York State Teachers Retirement System increased its holdings in Under Armour by 4.6% during the third quarter. New York State Teachers Retirement System now owns 246,781 shares of the company's stock worth $1,574,000 after buying an additional 10,790 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Under Armour by 8.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,441 shares of the company's stock worth $245,000 after buying an additional 2,925 shares during the last quarter. Finally, Strs Ohio increased its holdings in Under Armour by 26.5% during the third quarter. Strs Ohio now owns 177,843 shares of the company's stock worth $1,134,000 after buying an additional 37,233 shares during the last quarter. 36.35% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Stock Performance

UA stock traded up $0.01 during midday trading on Tuesday, reaching $6.56. 3,463,516 shares of the company were exchanged, compared to its average volume of 3,203,497. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.13 and a quick ratio of 1.38. The business has a 50-day moving average price of $7.04 and a two-hundred day moving average price of $7.40. Under Armour, Inc. has a one year low of $5.86 and a one year high of $8.99. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 7.36 and a beta of 1.61.

Under Armour (NYSE:UA - Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.09. Under Armour had a net margin of 6.98% and a return on equity of 13.85%. The firm had revenue of $1.49 billion during the quarter. During the same period last year, the firm earned $0.16 earnings per share.

Under Armour 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.