American Century Companies Inc. lifted its holdings in Under Armour, Inc. (NYSE:UA – Free Report) by 37.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,758,243 shares of the company’s stock after acquiring an additional 483,466 shares during the period. American Century Companies Inc. owned approximately 0.40% of Under Armour worth $14,998,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. purchased a new stake in shares of Under Armour during the 1st quarter valued at about $235,000. Cetera Advisor Networks LLC raised its stake in shares of Under Armour by 43.1% during the first quarter. Cetera Advisor Networks LLC now owns 19,929 shares of the company’s stock valued at $310,000 after purchasing an additional 6,002 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Under Armour by 27.6% during the first quarter. PNC Financial Services Group Inc. now owns 24,134 shares of the company’s stock worth $376,000 after purchasing an additional 5,226 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Under Armour by 517.2% in the first quarter. Acadian Asset Management LLC now owns 7,444 shares of the company’s stock valued at $115,000 after purchasing an additional 6,238 shares during the period. Finally, MetLife Investment Management LLC grew its holdings in Under Armour by 22.7% during the 1st quarter. MetLife Investment Management LLC now owns 58,300 shares of the company’s stock valued at $907,000 after purchasing an additional 10,784 shares in the last quarter. Hedge funds and other institutional investors own 34.30% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, TheStreet cut shares of Under Armour from a “c-” rating to a “d+” rating in a research report on Tuesday, August 8th.
Under Armour Price Performance
UA stock opened at $7.06 on Friday. The stock’s 50 day moving average is $7.02 and its two-hundred day moving average is $7.52. Under Armour, Inc. has a 52-week low of $5.74 and a 52-week high of $11.41. The company has a market capitalization of $3.14 billion, a PE ratio of 8.21 and a beta of 1.63. The company has a quick ratio of 1.14, a current ratio of 2.04 and a debt-to-equity ratio of 0.30.
Under Armour (NYSE:UA – Get Free Report) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $1.32 billion for the quarter. Under Armour had a net margin of 6.60% and a return on equity of 13.59%.
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.
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