Under Armour, Inc. (NYSE:UAA) Holdings Lowered by Cim Investment Management Inc.

Cim Investment Management Inc. reduced its stake in Under Armour, Inc. (NYSE:UAA) by 5.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 120,398 shares of the company’s stock after selling 6,554 shares during the period. Cim Investment Management Inc.’s holdings in Under Armour were worth $803,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Privium Fund Management B.V. lifted its position in Under Armour by 0.8% in the first quarter. Privium Fund Management B.V. now owns 222,900 shares of the company’s stock worth $1,645,000 after purchasing an additional 1,700 shares during the period. Texas Permanent School Fund Corp lifted its holdings in shares of Under Armour by 1.1% in the first quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company’s stock valued at $1,216,000 after buying an additional 1,746 shares during the period. Sei Investments Co. boosted its stake in Under Armour by 10.2% during the second quarter. Sei Investments Co. now owns 18,989 shares of the company’s stock valued at $127,000 after buying an additional 1,764 shares in the last quarter. Hexagon Capital Partners LLC grew its holdings in Under Armour by 101.1% during the first quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock worth $28,000 after acquiring an additional 1,890 shares during the period. Finally, Lumbard & Kellner LLC lifted its holdings in Under Armour by 0.4% in the 2nd quarter. Lumbard & Kellner LLC now owns 461,791 shares of the company’s stock valued at $3,080,000 after acquiring an additional 1,949 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors.

Under Armour Price Performance

NYSE UAA opened at $8.94 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.73 and a quick ratio of 1.08. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 3.86 and a beta of 1.65. The company has a 50 day simple moving average of $7.63 and a 200-day simple moving average of $7.14. Under Armour, Inc. has a 52-week low of $6.17 and a 52-week high of $9.50.

Under Armour (NYSE:UAA) last released its earnings results on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm earned $0.02 EPS. The company’s revenue was down 10.1% compared to the same quarter last year. Equities research analysts predict that Under Armour, Inc. will post 0.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.