Swiss National Bank cut its position in shares of Under Armour, Inc. (NYSE:UA – Free Report) by 11.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 420,300 shares of the company’s stock after selling 56,100 shares during the quarter. Swiss National Bank owned 0.09% of Under Armour worth $3,585,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. bought a new position in Under Armour in the first quarter valued at approximately $235,000. Cetera Advisor Networks LLC grew its stake in Under Armour by 43.1% in the first quarter. Cetera Advisor Networks LLC now owns 19,929 shares of the company’s stock valued at $310,000 after purchasing an additional 6,002 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Under Armour by 27.6% in the first quarter. PNC Financial Services Group Inc. now owns 24,134 shares of the company’s stock valued at $376,000 after purchasing an additional 5,226 shares in the last quarter. Acadian Asset Management LLC grew its stake in Under Armour by 517.2% in the first quarter. Acadian Asset Management LLC now owns 7,444 shares of the company’s stock valued at $115,000 after purchasing an additional 6,238 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in Under Armour by 22.7% in the first quarter. MetLife Investment Management LLC now owns 58,300 shares of the company’s stock valued at $907,000 after purchasing an additional 10,784 shares in the last quarter. 34.30% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, TheStreet cut Under Armour from a “c-” rating to a “d+” rating in a research report on Tuesday, August 8th.
Under Armour Stock Performance
UA opened at $7.06 on Friday. Under Armour, Inc. has a 12-month low of $5.74 and a 12-month high of $11.41. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 8.21 and a beta of 1.63. The business has a 50 day moving average of $7.03 and a 200-day moving average of $7.50. The company has a quick ratio of 1.14, a current ratio of 2.04 and a debt-to-equity ratio of 0.30.
Under Armour (NYSE:UA – Get Free Report) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter. Under Armour had a return on equity of 13.59% and a net margin of 6.60%. The company had revenue of $1.32 billion during the quarter.
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.
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