Renaissance Technologies LLC boosted its holdings in shares of Under Armour, Inc. (NYSE:UA – Free Report) by 1.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 410,300 shares of the company’s stock after buying an additional 5,890 shares during the quarter. Renaissance Technologies LLC’s holdings in Under Armour were worth $2,679,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. TFO Wealth Partners LLC increased its holdings in shares of Under Armour by 529,600.0% in the fourth 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 period. ICA Group Wealth Management LLC purchased a new stake in shares of 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 buying an additional 10,207 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake 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 buying an additional 2,995 shares during the last quarter. 36.35% of the stock is owned by institutional investors and hedge funds.
Under Armour Stock Performance
Shares of UA stock opened at $8.38 on Tuesday. The company has a market capitalization of $3.66 billion, a P/E ratio of 15.81 and a beta of 1.64. The business’s 50 day moving average is $7.37 and its two-hundred day moving average is $6.90. The company has a current ratio of 1.73, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. Under Armour, Inc. has a 12-month low of $6.00 and a 12-month high of $8.99.
Wall Street Analysts Forecast Growth
Separately, Stifel Nicolaus lowered their target price on Under Armour from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Monday, June 24th.
Check Out Our Latest Stock Analysis on Under Armour
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.
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