Under Armour, Inc. (NYSE:UA) Shares Purchased by Pictet Asset Management SA

Pictet Asset Management SA lifted its position in Under Armour, Inc. (NYSE:UA) by 26.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,642 shares of the company’s stock after acquiring an additional 5,176 shares during the quarter. Pictet Asset Management SA’s holdings in Under Armour were worth $210,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Amalgamated Bank lifted its holdings in shares of Under Armour by 22.6% in the 4th quarter. Amalgamated Bank now owns 176,968 shares of the company’s stock worth $1,579,000 after purchasing an additional 32,664 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Under Armour by 11.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,800 shares of the company’s stock worth $132,000 after purchasing an additional 1,567 shares during the last quarter. Oak Thistle LLC bought a new stake in Under Armour during the 1st quarter valued at $311,000. Truist Financial Corp raised its stake in Under Armour by 22.7% during the 1st quarter. Truist Financial Corp now owns 19,085 shares of the company’s stock valued at $163,000 after acquiring an additional 3,525 shares in the last quarter. Finally, Choreo LLC bought a new stake in Under Armour during the 4th quarter valued at $527,000. Institutional investors and hedge funds own 34.30% of the company’s stock.

Under Armour Stock Performance

Shares of NYSE UA opened at $6.92 on Thursday. The company has a quick ratio of 1.14, a current ratio of 2.04 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 8.05 and a beta of 1.63. The stock’s fifty day simple moving average is $7.01 and its 200 day simple moving average is $7.52. Under Armour, Inc. has a 52-week low of $5.74 and a 52-week high of $11.41.

Under Armour (NYSE:UA) last issued its earnings results on Tuesday, August 8th. The company reported $0.02 EPS for the quarter. Under Armour had a return on equity of 13.59% and a net margin of 6.60%. The firm had revenue of $1.32 billion for the quarter.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded Under Armour from a “c-” rating to a “d+” rating in a research note on Tuesday, August 8th.

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.