BDT Capital Partners LLC Reduces Stock Holdings in Under Armour, Inc. (NYSE:UA)

BDT Capital Partners LLC cut its position in shares of Under Armour, Inc. (NYSE:UA - Free Report) by 12.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,416,262 shares of the company's stock after selling 7,583,738 shares during the quarter. Under Armour accounts for about 100.0% of BDT Capital Partners LLC's investment portfolio, making the stock its largest holding. BDT Capital Partners LLC owned about 12.12% of Under Armour worth $391,025,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Under Armour in the 4th quarter worth about $18,688,000. American Century Companies Inc. grew its holdings in Under Armour by 182.3% in the 4th quarter. American Century Companies Inc. now owns 2,250,631 shares of the company's stock worth $16,790,000 after buying an additional 1,453,399 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in 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. Boston Partners boosted its position in Under Armour by 1,317.3% during the 4th quarter. Boston Partners now owns 1,722,420 shares of the company's stock worth $12,852,000 after acquiring an additional 1,600,893 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Under Armour by 265.8% in the fourth quarter. Renaissance Technologies LLC now owns 1,293,200 shares of the company's stock worth $9,647,000 after purchasing an additional 939,700 shares in the last quarter. Institutional investors and hedge funds own 36.35% of the company's stock.

Under Armour Stock Performance

Shares of NYSE UA traded down $0.19 during midday trading on Tuesday, reaching $5.48. 2,786,771 shares of the company traded hands, compared to its average volume of 3,565,144. The company has a market cap of $2.36 billion, a price-to-earnings ratio of -18.90 and a beta of 1.47. The stock has a 50-day moving average price of $5.77 and a 200 day moving average price of $7.10. Under Armour, Inc. has a 52 week low of $4.62 and a 52 week high of $10.62. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19.

Under Armour (NYSE:UA - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.08 earnings per share 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 period last year, the company posted $0.25 earnings per share.

Under Armour Company 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.