Quantinno Capital Management LP Buys Shares of 33,224 Under Armour, Inc. (NYSE:UAA)

Posted by Defense World Staff on Aug 2nd, 2023

Quantinno Capital Management LP purchased a new stake in shares of Under Armour, Inc. (NYSE:UAA – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 33,224 shares of the company’s stock, valued at approximately $315,000.

Several other large investors have also recently modified their holdings of UAA. Arrowstreet Capital Limited Partnership grew its position in Under Armour by 141.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,084,024 shares of the company’s stock worth $61,814,000 after purchasing an additional 3,565,281 shares during the last quarter. State Street Corp lifted its position in Under Armour by 29.7% during the 3rd quarter. State Street Corp now owns 9,284,969 shares of the company’s stock worth $61,745,000 after acquiring an additional 2,128,406 shares during the period. Neuberger Berman Group LLC purchased a new stake in Under Armour during the 1st quarter valued at about $29,478,000. Alyeska Investment Group L.P. acquired a new position in shares of Under Armour in the fourth quarter valued at about $17,169,000. Finally, ExodusPoint Capital Management LP purchased a new position in shares of Under Armour in the fourth quarter worth about $11,737,000. Institutional investors own 42.37% of the company’s stock.

Under Armour Price Performance

NYSE:UAA opened at $7.91 on Wednesday. The company has a market capitalization of $3.52 billion, a P/E ratio of 9.20, a P/E/G ratio of 1.65 and a beta of 1.62. Under Armour, Inc. has a 52 week low of $6.38 and a 52 week high of $13.05. The stock’s fifty day moving average is $7.59 and its two-hundred day moving average is $8.90. The company has a quick ratio of 1.30, a current ratio of 2.18 and a debt-to-equity ratio of 0.34.

Under Armour (NYSE:UAA – Get Free Report) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.36 billion. Under Armour had a return on equity of 14.44% and a net margin of 6.55%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.01) EPS. Equities analysts expect that Under Armour, Inc. will post 0.49 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on UAA shares. Wells Fargo & Company lowered shares of Under Armour from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $12.00 to $8.00 in a report on Friday, June 23rd. Deutsche Bank Aktiengesellschaft lowered their price objective on Under Armour from $14.00 to $12.00 in a research report on Friday, May 5th. Robert W. Baird boosted their target price on shares of Under Armour from $9.00 to $10.00 in a research note on Wednesday, May 10th. StockNews.com assumed coverage on shares of Under Armour in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Finally, Morgan Stanley lowered their target price on shares of Under Armour from $10.00 to $8.00 in a research note on Wednesday, May 10th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.66.

Insider Buying and Selling at Under Armour

In other news, insider Kevin A. Plank sold 16,000,000 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $6.13, for a total transaction of $98,080,000.00. Following the completion of the transaction, the insider now directly owns 482,451 shares of the company’s stock, valued at approximately $2,957,424.63. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 16.40% of the stock is owned by company insiders.

Under Armour Company Profile

(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.