The Manufacturers Life Insurance Company Has $567,000 Position in Under Armour, Inc. (NYSE:UA)

The Manufacturers Life Insurance Company lessened its position in Under Armour, Inc. (NYSE:UA) by 2.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 76,054 shares of the company’s stock after selling 1,580 shares during the period. The Manufacturers Life Insurance Company’s holdings in Under Armour were worth $567,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Norges Bank bought a new position in Under Armour during the 4th quarter valued at about $18,688,000. American Century Companies Inc. raised its stake in shares of Under Armour by 182.3% in the fourth quarter. American Century Companies Inc. now owns 2,250,631 shares of the company’s stock valued at $16,790,000 after acquiring an additional 1,453,399 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Under Armour by 26.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,808,152 shares of the company’s stock valued at $13,489,000 after acquiring an additional 374,664 shares during the last quarter. Boston Partners boosted its holdings in shares of Under Armour by 1,317.3% in the 4th quarter. Boston Partners now owns 1,722,420 shares of the company’s stock worth $12,852,000 after acquiring an additional 1,600,893 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Under Armour by 265.8% during the 4th quarter. Renaissance Technologies LLC now owns 1,293,200 shares of the company’s stock worth $9,647,000 after acquiring an additional 939,700 shares during the last quarter. Institutional investors own 36.35% of the company’s stock.

Under Armour Trading Up 2.3%

UA stock opened at $6.35 on Friday. The business has a fifty day moving average price of $5.69 and a 200 day moving average price of $6.99. Under Armour, Inc. has a fifty-two week low of $4.62 and a fifty-two week high of $10.62. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of -21.88 and a beta of 1.47. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19.

Under Armour (NYSE:UA) last released its quarterly earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.08). The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%.

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.