Arrowstreet Capital Limited Partnership Has $22.04 Million Stake in Under Armour, Inc. (NYSE:UAA)

Arrowstreet Capital Limited Partnership reduced its position in Under Armour, Inc. (NYSE:UAA - Free Report) by 21.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,661,805 shares of the company's stock after selling 726,777 shares during the period. Arrowstreet Capital Limited Partnership owned 0.62% of Under Armour worth $22,040,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC lifted its holdings in Under Armour by 144,746.6% in the third quarter. FMR LLC now owns 9,659,823 shares of the company's stock valued at $86,069,000 after buying an additional 9,653,154 shares during the period. American Century Companies Inc. raised its position in shares of Under Armour by 160.5% during the 4th quarter. American Century Companies Inc. now owns 4,013,671 shares of the company's stock valued at $33,233,000 after acquiring an additional 2,472,813 shares during the last quarter. Norges Bank acquired a new position in shares of Under Armour in the 4th quarter valued at $11,151,000. Quantinno Capital Management LP boosted its position in shares of Under Armour by 195.8% in the 3rd quarter. Quantinno Capital Management LP now owns 903,257 shares of the company's stock worth $8,048,000 after purchasing an additional 597,943 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN grew its stake in shares of Under Armour by 6.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company's stock worth $51,149,000 after purchasing an additional 327,979 shares during the period. Institutional investors own 34.58% of the company's stock.

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Under Armour Stock Down 5.8 %

Shares of NYSE UAA traded down $0.31 during midday trading on Tuesday, reaching $4.94. The company's stock had a trading volume of 22,130,938 shares, compared to its average volume of 11,612,190. The stock has a 50 day simple moving average of $6.86 and a 200-day simple moving average of $8.19. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of -17.02 and a beta of 1.49. Under Armour, Inc. has a fifty-two week low of $4.82 and a fifty-two week high of $11.89.

Under Armour (NYSE:UAA - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same period last year, the company posted $0.19 EPS. Equities research analysts predict that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Barclays cut their target price on Under Armour from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. Needham & Company LLC reissued a "hold" rating on shares of Under Armour in a research note on Friday, February 7th. KGI Securities initiated coverage on shares of Under Armour in a research note on Friday, March 7th. They issued a "neutral" rating and a $7.40 target price for the company. Morgan Stanley reiterated an "underweight" rating and issued a $4.00 target price on shares of Under Armour in a report on Friday, December 13th. Finally, Argus lowered shares of Under Armour from a "buy" rating to a "hold" rating in a report on Thursday, January 16th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Under Armour has an average rating of "Hold" and an average price target of $9.06.

Under Armour Profile

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing 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.