Texas Permanent School Fund decreased its position in Under Armour, Inc. (NYSE:UA – Get Rating) by 18.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,551 shares of the company’s stock after selling 32,971 shares during the quarter. Texas Permanent School Fund’s holdings in Under Armour were worth $856,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of UA. CoreCap Advisors LLC acquired a new stake in shares of Under Armour in the second quarter worth $43,000. ExodusPoint Capital Management LP grew its stake in shares of Under Armour by 42.0% in the second quarter. ExodusPoint Capital Management LP now owns 7,859 shares of the company’s stock worth $60,000 after acquiring an additional 2,325 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Under Armour by 25.8% in the second quarter. Captrust Financial Advisors now owns 8,041 shares of the company’s stock worth $61,000 after acquiring an additional 1,649 shares during the last quarter. CWM LLC grew its stake in shares of Under Armour by 78.0% in the second quarter. CWM LLC now owns 8,190 shares of the company’s stock worth $62,000 after acquiring an additional 3,590 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. acquired a new stake in shares of Under Armour in the third quarter worth $65,000. Institutional investors own 32.63% of the company’s stock.
Under Armour Stock Up 2.1 %
UA opened at $10.16 on Friday. Under Armour, Inc. has a fifty-two week low of $5.74 and a fifty-two week high of $17.75. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.09 and a quick ratio of 1.36. The firm’s fifty day moving average price is $8.61 and its two-hundred day moving average price is $7.85. The company has a market capitalization of $4.59 billion, a P/E ratio of 32.77 and a beta of 1.47.
Under Armour (NYSE:UA – Get Rating) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.20 earnings per share for the quarter. Under Armour had a net margin of 2.51% and a return on equity of 9.13%. The firm had revenue of $1.57 billion for the quarter.
Analyst Ratings Changes
Separately, Citigroup lowered their price objective on shares of Under Armour from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 26th.
About Under Armour
Under Armour, Inc engages in the development, marketing, and distribution of branded performance apparel, footwear, and accessories for men, women, and youth. It operates through the following segments: North America, EMEA, Asia-Pacific, Latin America, and Connected Fitness. The Connected Fitness segment offers digital fitness subscriptions, along with digital advertising through its MapMyFitness, MyFitnessPal, and Endomondo applications.
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