Dorsal Capital Management LP Has $20.88 Million Stock Holdings in Under Armour, Inc. (NYSE:UA)

Dorsal Capital Management LP decreased its holdings in shares of Under Armour, Inc. (NYSE:UAFree Report) by 16.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,500,000 shares of the company’s stock after selling 500,000 shares during the period. Under Armour makes up about 0.6% of Dorsal Capital Management LP’s portfolio, making the stock its 20th largest position. Dorsal Capital Management LP owned approximately 0.57% of Under Armour worth $20,875,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Under Armour in the fourth quarter valued at about $19,686,000. Dimensional Fund Advisors LP grew its position in Under Armour by 28.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,206,551 shares of the company’s stock valued at $76,877,000 after buying an additional 2,065,273 shares during the period. Vanguard Group Inc. grew its position in Under Armour by 2.6% during the third quarter. Vanguard Group Inc. now owns 19,592,344 shares of the company’s stock valued at $124,999,000 after buying an additional 499,162 shares during the period. Bank of Nova Scotia bought a new position in Under Armour during the third quarter valued at about $2,243,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Under Armour during the third quarter valued at about $880,000. Institutional investors and hedge funds own 36.35% of the company’s stock.

Under Armour Price Performance

UA opened at $6.74 on Monday. The firm has a market cap of $2.94 billion, a P/E ratio of 12.72 and a beta of 1.67. The firm has a 50-day moving average of $6.59 and a 200 day moving average of $7.37. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 2.46. Under Armour, Inc. has a fifty-two week low of $5.86 and a fifty-two week high of $8.99.

Under Armour (NYSE:UAGet Free Report) last issued its earnings results on Thursday, May 16th. The company reported $0.11 earnings per share for the quarter. The firm had revenue of $1.33 billion during the quarter. Under Armour had a net margin of 4.19% and a return on equity of 11.95%. On average, research analysts expect that Under Armour, Inc. will post 0.2 EPS for the current year.

About Under Armour

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Under Armour (NYSE:UA)

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