Victory Capital Management Inc. Trims Stock Position in Under Armour, Inc. (NYSE:UA)

Victory Capital Management Inc. decreased its position in shares of Under Armour, Inc. (NYSE:UA) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,501,527 shares of the company’s stock after selling 202,642 shares during the quarter. Victory Capital Management Inc.’s holdings in Under Armour were worth $37,588,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in UA. Global Retirement Partners LLC boosted its stake in Under Armour by 61.7% during the 4th quarter. Global Retirement Partners LLC now owns 3,959 shares of the company’s stock worth $33,000 after purchasing an additional 1,511 shares during the period. Truist Financial Corp grew its holdings in shares of Under Armour by 9.3% during the fourth quarter. Truist Financial Corp now owns 19,432 shares of the company’s stock worth $162,000 after buying an additional 1,646 shares during the last quarter. Resonant Capital Advisors LLC grew its holdings in shares of Under Armour by 6.5% during the third quarter. Resonant Capital Advisors LLC now owns 28,383 shares of the company’s stock worth $181,000 after buying an additional 1,734 shares during the last quarter. Texas Permanent School Fund Corp increased its position in Under Armour by 1.7% in the 3rd quarter. Texas Permanent School Fund Corp now owns 169,758 shares of the company’s stock valued at $1,083,000 after acquiring an additional 2,912 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Under Armour by 8.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,441 shares of the company’s stock valued at $245,000 after acquiring an additional 2,925 shares during the last quarter. Institutional investors and hedge funds own 36.35% of the company’s stock.

Under Armour Trading Down 0.2 %

Shares of UA stock opened at $6.55 on Tuesday. Under Armour, Inc. has a twelve month low of $5.86 and a twelve month high of $8.99. The company has a current ratio of 2.13, a quick ratio of 1.38 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $7.04 and its two-hundred day moving average is $7.40. The company has a market capitalization of $2.85 billion, a P/E ratio of 7.36 and a beta of 1.61.

Under Armour (NYSE:UA) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.09. Under Armour had a net margin of 6.98% and a return on equity of 13.85%. The company had revenue of $1.49 billion for the quarter. During the same period in the prior year, the firm posted $0.16 earnings per share.

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.