Quantinno Capital Management LP Purchases 320,687 Shares of Under Armour, Inc. (NYSE:UAA)

Quantinno Capital Management LP lifted its position in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 35.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,223,944 shares of the company's stock after buying an additional 320,687 shares during the quarter. Quantinno Capital Management LP owned about 0.28% of Under Armour worth $10,134,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Northern Trust Corp lifted its stake in shares of Under Armour by 18.9% in the 4th quarter. Northern Trust Corp now owns 1,729,796 shares of the company's stock valued at $14,323,000 after purchasing an additional 275,131 shares during the period. Empowered Funds LLC acquired a new position in Under Armour in the fourth quarter valued at approximately $412,000. Teacher Retirement System of Texas bought a new position in shares of Under Armour during the 4th quarter worth approximately $313,000. Fox Run Management L.L.C. grew its position in shares of Under Armour by 215.1% during the 4th quarter. Fox Run Management L.L.C. now owns 68,596 shares of the company's stock worth $568,000 after buying an additional 46,828 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Under Armour by 11.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,431,487 shares of the company's stock valued at $11,853,000 after acquiring an additional 150,958 shares during the period. Institutional investors own 34.58% of the company's stock.

Under Armour Stock Down 2.2%

UAA stock traded down $0.15 during trading on Monday, reaching $6.56. The stock had a trading volume of 11,029,117 shares, compared to its average volume of 12,632,466. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of -22.62 and a beta of 1.54. Under Armour, Inc. has a one year low of $4.78 and a one year high of $11.89. The company's 50 day moving average is $6.00 and its two-hundred day moving average is $7.60.

Under Armour (NYSE:UAA - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the company posted $0.11 earnings per share. Under Armour's quarterly revenue was down 11.4% on a year-over-year basis. Equities research analysts forecast that Under Armour, Inc. will post 0.3 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Truist Financial decreased their price target on shares of Under Armour from $9.00 to $7.00 and set a "hold" rating for the company in a research note on Wednesday, May 14th. Wells Fargo & Company upped their price target on Under Armour from $4.00 to $5.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Bank of America reduced their price objective on Under Armour from $10.00 to $8.00 and set a "neutral" rating for the company in a research note on Wednesday, May 14th. Stifel Nicolaus lowered their target price on Under Armour from $11.00 to $10.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Finally, Guggenheim restated a "neutral" rating on shares of Under Armour in a research note on Friday, February 7th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, 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.