Maven Securities LTD Raises Stock Position in Under Armour, Inc. (NYSE:UAA)

Maven Securities LTD lifted its stake in Under Armour, Inc. (NYSE:UAA) by 11.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,341,798 shares of the company’s stock after buying an additional 141,556 shares during the period. Under Armour makes up 0.2% of Maven Securities LTD’s investment portfolio, making the stock its 14th largest holding. Maven Securities LTD owned about 0.31% of Under Armour worth $8,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of UAA. Jupiter Asset Management Ltd. acquired a new position in Under Armour in the 1st quarter valued at about $8,944,000. Norges Bank purchased a new position in shares of Under Armour in the 4th quarter valued at approximately $10,348,000. Dimensional Fund Advisors LP increased its holdings in shares of Under Armour by 12.7% in the second quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock valued at $62,376,000 after purchasing an additional 1,051,143 shares during the period. Janus Henderson Group PLC raised its stake in shares of Under Armour by 27.2% during the first quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company’s stock worth $28,712,000 after purchasing an additional 831,202 shares during the last quarter. Finally, Lumbard & Kellner LLC acquired a new stake in shares of Under Armour during the first quarter worth $3,394,000. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Stock Down 0.6 %

Shares of NYSE UAA opened at $8.86 on Wednesday. The firm has a market cap of $3.83 billion, a P/E ratio of 16.41, a price-to-earnings-growth ratio of 4.32 and a beta of 1.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.73. Under Armour, Inc. has a 1 year low of $6.17 and a 1 year high of $9.50. The firm’s 50 day moving average price is $7.67 and its 200 day moving average price is $7.13.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.09. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The business’s revenue was down 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 earnings per share. As a group, sell-side analysts anticipate that Under Armour, Inc. will post 0.21 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UAA. Truist Financial boosted their price objective on shares of Under Armour from $7.00 to $8.00 and gave the company a “hold” rating in a research note on Friday, August 9th. BMO Capital Markets increased their price target on shares of Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Morgan Stanley lowered Under Armour from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $8.00 to $4.00 in a report on Tuesday, July 23rd. Argus raised Under Armour to a “strong-buy” rating in a research note on Thursday, August 15th. Finally, Barclays boosted their price target on Under Armour from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.57.

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.