Massachusetts Financial Services Co. MA Trims Position in Under Armour, Inc. (NYSE:UA)

Massachusetts Financial Services Co. MA decreased its stake in Under Armour, Inc. (NYSE:UA) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,128,225 shares of the company’s stock after selling 74,389 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Under Armour were worth $26,957,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TFO Wealth Partners LLC increased its position in Under Armour by 529,600.0% in the fourth quarter. TFO Wealth Partners LLC now owns 5,297 shares of the company’s stock worth $44,000 after buying an additional 5,296 shares in the last quarter. ICA Group Wealth Management LLC purchased a new stake in Under Armour in the fourth quarter worth about $50,000. Headlands Technologies LLC boosted its stake in shares of Under Armour by 24,302.4% in the first quarter. Headlands Technologies LLC now owns 10,249 shares of the company’s stock worth $73,000 after acquiring an additional 10,207 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Under Armour in the first quarter worth about $78,000. Finally, CWM LLC boosted its stake in shares of Under Armour by 31.1% in the second quarter. CWM LLC now owns 12,628 shares of the company’s stock worth $82,000 after acquiring an additional 2,995 shares during the period. Hedge funds and other institutional investors own 36.35% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus dropped their price objective on 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 Stock Performance

NYSE UA opened at $7.60 on Friday. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 14.34 and a beta of 1.64. The company has a quick ratio of 1.08, a current ratio of 1.73 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average price of $7.18 and a 200-day moving average price of $6.92. Under Armour, Inc. has a twelve month low of $5.86 and a twelve month high of $8.99.

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

About Under Armour

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.