Headlands Technologies LLC Sells 13,721 Shares of Under Armour, Inc. (NYSE:UAA)

Headlands Technologies LLC trimmed its holdings in Under Armour, Inc. (NYSE:UAA) by 66.3% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 6,980 shares of the company’s stock after selling 13,721 shares during the quarter. Headlands Technologies LLC’s holdings in Under Armour were worth $47,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Teacher Retirement System of Texas lifted its holdings in shares of Under Armour by 39.3% during the 4th quarter. Teacher Retirement System of Texas now owns 27,524 shares of the company’s stock valued at $242,000 after buying an additional 7,771 shares during the period. Dimensional Fund Advisors LP increased its position in Under Armour by 29.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,154,871 shares of the company’s stock valued at $62,893,000 after acquiring an additional 1,636,634 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in Under Armour in the first quarter valued at about $8,944,000. Virtu Financial LLC purchased a new position in Under Armour in the fourth quarter worth about $440,000. Finally, Hexagon Capital Partners LLC grew its stake in shares of Under Armour by 101.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock valued at $28,000 after purchasing an additional 1,890 shares during the period. 34.58% of the stock is currently owned by institutional investors.

Under Armour Stock Performance

Shares of NYSE UAA opened at $7.79 on Wednesday. The firm’s fifty day moving average is $7.40 and its two-hundred day moving average is $7.14. Under Armour, Inc. has a 52-week low of $6.17 and a 52-week high of $9.50. The company has a market cap of $3.37 billion, a P/E ratio of 14.43, a P/E/G ratio of 3.53 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 (NYSE:UAA) last posted its earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 earnings per share. As a group, analysts anticipate that Under Armour, Inc. will post 0.21 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on UAA. Stifel Nicolaus raised their price objective on shares of Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Oppenheimer cut shares of Under Armour from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 23rd. Truist Financial upped their price objective on Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Wedbush lifted their target price on Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, Morgan Stanley lowered Under Armour from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $8.00 to $4.00 in a report on Tuesday, July 23rd. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Under Armour presently has an average rating of “Hold” and an average price target of $7.57.

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.