Arizona State Retirement System Has $271,000 Stock Holdings in Under Armour, Inc. (NYSE:UA)

Arizona State Retirement System cut its position in Under Armour, Inc. (NYSE:UA) by 12.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,551 shares of the company’s stock after selling 5,700 shares during the period. Arizona State Retirement System’s holdings in Under Armour were worth $271,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. TFO Wealth Partners LLC boosted its stake in Under Armour by 529,600.0% during the 4th quarter. TFO Wealth Partners LLC now owns 5,297 shares of the company’s stock valued at $44,000 after purchasing an additional 5,296 shares during the last quarter. ICA Group Wealth Management LLC acquired a new position in Under Armour during the 4th quarter valued at about $50,000. Headlands Technologies LLC boosted its stake in Under Armour by 24,302.4% during the 1st quarter. Headlands Technologies LLC now owns 10,249 shares of the company’s stock valued at $73,000 after purchasing an additional 10,207 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Under Armour during the 1st quarter valued at about $78,000. Finally, CWM LLC boosted its stake in Under Armour by 31.1% during the 2nd quarter. CWM LLC now owns 12,628 shares of the company’s stock valued at $82,000 after purchasing an additional 2,995 shares during the last quarter. 36.35% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Trading Down 0.9 %

Shares of UA stock opened at $7.37 on Wednesday. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 13.91 and a beta of 1.64. The company’s fifty day simple moving average is $7.14 and its two-hundred day simple moving average is $6.92. Under Armour, Inc. has a 1 year low of $5.86 and a 1 year high of $8.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.73 and a quick ratio of 1.08.

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

Analyst Ratings Changes

Separately, Stifel Nicolaus dropped their target price on shares of Under Armour from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Monday, June 24th.

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.