Marshall Wace LLP Cuts Position in Under Armour, Inc. (NYSE:UAA)

Marshall Wace LLP lessened its holdings in shares of Under Armour, Inc. (NYSE:UAA) by 65.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 668,161 shares of the company’s stock after selling 1,251,972 shares during the quarter. Marshall Wace LLP owned 0.15% of Under Armour worth $4,457,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Hexagon Capital Partners LLC raised its stake in shares of Under Armour by 101.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock valued at $28,000 after acquiring an additional 1,890 shares during the period. Optas LLC purchased a new position in Under Armour in the second quarter valued at about $72,000. Koss Olinger Consulting LLC purchased a new position in Under Armour in the second quarter valued at about $79,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Under Armour during the second quarter worth about $80,000. Finally, Qsemble Capital Management LP purchased a new stake in shares of Under Armour in the second quarter worth about $93,000. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Under Armour Trading Down 0.6 %

NYSE:UAA opened at $8.86 on Wednesday. Under Armour, Inc. has a 52 week low of $6.17 and a 52 week high of $9.50. 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 company has a market cap of $3.83 billion, a PE ratio of 16.39, a P/E/G ratio of 4.32 and a beta of 1.65. The business’s 50 day moving average is $7.67 and its two-hundred day moving average is $7.13.

Under Armour (NYSE:UAA) last announced 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. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the business posted $0.02 earnings per share. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. On average, analysts predict that Under Armour, Inc. will post 0.21 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UAA. Stifel Nicolaus boosted their price target on Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Morgan Stanley cut shares of Under Armour from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $8.00 to $4.00 in a research report on Tuesday, July 23rd. Wedbush raised their price target on shares of Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a report on Friday, August 9th. Truist Financial boosted their price objective on shares of Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $7.00 target price on shares of Under Armour in a research note on Monday, August 5th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.