Under Armour, Inc. (NYSE:UA) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in shares of Under Armour, Inc. (NYSE:UA) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 514,505 shares of the company’s stock after selling 11,234 shares during the period. Rhumbline Advisers owned 0.12% of Under Armour worth $3,360,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. BDT Capital Partners LLC lifted its position in shares of Under Armour by 22.6% in the fourth quarter. BDT Capital Partners LLC now owns 42,953,937 shares of the company’s stock worth $358,665,000 after purchasing an additional 7,919,165 shares in the last quarter. Norges Bank acquired a new stake in Under Armour in the 4th quarter worth $19,686,000. Dimensional Fund Advisors LP grew its position in Under Armour by 28.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,206,551 shares of the company’s stock worth $76,877,000 after purchasing an additional 2,065,273 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Under Armour during the 1st quarter valued at about $1,217,000. Finally, AMH Equity Ltd acquired a new stake in shares of Under Armour during the 1st quarter valued at about $892,000. 36.35% of the stock is owned by institutional investors and hedge funds.

Under Armour Stock Performance

NYSE UA opened at $7.37 on Wednesday. The firm has a market capitalization of $3.22 billion, a P/E ratio of 13.85 and a beta of 1.64. The firm’s fifty day moving average price is $7.14 and its two-hundred day moving average price is $6.92. Under Armour, Inc. has a 1 year low of $5.86 and a 1 year high of $8.99. The company has a current ratio of 1.73, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33.

Under Armour (NYSE:UA) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.10. The company had revenue of $1.18 billion for the quarter. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. As a group, research analysts anticipate that Under Armour, Inc. will post 0.2 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus dropped their target price on shares of Under Armour from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Monday, June 24th.

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.