Aristeia Capital L.L.C. Sells 71,618 Shares of Under Armour, Inc. (NYSE:UAA)

Aristeia Capital L.L.C. lessened its stake in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 84.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,778 shares of the company's stock after selling 71,618 shares during the quarter. Aristeia Capital L.L.C.'s holdings in Under Armour were worth $85,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Hexagon Capital Partners LLC lifted its holdings in shares of Under Armour by 101.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company's stock worth $28,000 after acquiring an additional 1,890 shares during the period. Optas LLC purchased a new stake in Under Armour during the 2nd quarter worth approximately $72,000. Koss Olinger Consulting LLC acquired a new position in shares of Under Armour in the 2nd quarter valued at approximately $79,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Under Armour in the 2nd quarter valued at approximately $80,000. Finally, Qsemble Capital Management LP bought a new position in Under Armour during the 2nd quarter valued at $93,000. Hedge funds and other institutional investors own 34.58% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on UAA. Truist Financial increased their price objective on shares of Under Armour from $7.00 to $8.00 and gave the stock a "hold" rating in a research note on Friday, August 9th. Barclays lifted their price target on Under Armour from $6.00 to $8.00 and gave the company an "equal weight" rating in a report on Friday, August 9th. Wedbush increased their price objective on Under Armour from $8.00 to $8.50 and gave the stock an "outperform" rating in a report on Friday, August 9th. Stifel Nicolaus lifted their target price on Under Armour from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Friday, August 9th. Finally, BMO Capital Markets boosted their price target on Under Armour from $10.00 to $11.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $7.57.

Under Armour Trading Up 4.5 %

UAA stock traded up $0.36 during mid-day trading on Wednesday, reaching $8.35. 11,538,941 shares of the stock traded hands, compared to its average volume of 9,871,212. The stock's fifty day moving average is $7.51 and its 200-day moving average is $7.11. The company has a market cap of $3.61 billion, a P/E ratio of 14.80, a P/E/G ratio of 3.75 and a beta of 1.65. The company has a current ratio of 1.73, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. Under Armour, Inc. has a 52-week low of $6.17 and a 52-week high of $9.50.

Under Armour (NYSE:UAA - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.09. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the business posted $0.02 EPS. The company's revenue was down 10.1% on a year-over-year basis. As a group, sell-side analysts expect that Under Armour, Inc. will post 0.21 earnings per share for the current year.

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.