New York State Teachers Retirement System Decreases Stake in Under Armour, Inc. (NYSE:UA)

New York State Teachers Retirement System lowered its position in Under Armour, Inc. (NYSE:UA) by 14.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 179,580 shares of the company’s stock after selling 29,965 shares during the quarter. New York State Teachers Retirement System’s holdings in Under Armour were worth $1,501,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Edgestream Partners L.P. bought a new position in Under Armour in the 1st quarter worth about $1,217,000. Concurrent Investment Advisors LLC boosted its stake in Under Armour by 16.5% in the 1st quarter. Concurrent Investment Advisors LLC now owns 21,537 shares of the company’s stock worth $154,000 after purchasing an additional 3,045 shares during the period. Dimensional Fund Advisors LP boosted its stake in Under Armour by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,089,780 shares of the company’s stock worth $72,415,000 after purchasing an additional 795,803 shares during the period. WINTON GROUP Ltd bought a new position in Under Armour in the 2nd quarter worth about $4,579,000. Finally, Gateway Wealth Partners LLC bought a new position in Under Armour in the 2nd quarter worth about $124,000. Hedge funds and other institutional investors own 36.35% of the company’s stock.

Under Armour Stock Down 11.9 %

Shares of NYSE UA opened at $8.76 on Friday. Under Armour, Inc. has a 52 week low of $6.02 and a 52 week high of $10.62. The business has a 50-day simple moving average of $7.93 and a two-hundred day simple moving average of $7.21. The company has a quick ratio of 1.08, a current ratio of 1.73 and a debt-to-equity ratio of 0.33. The company has a market cap of $3.79 billion, a P/E ratio of -46.10 and a beta of 1.64.

Under Armour (NYSE:UA) last issued its earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.10. The business had revenue of $1.18 billion during the quarter. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. Research analysts anticipate that Under Armour, Inc. will post 0.2 earnings per share for the current fiscal year.

Under Armour Company 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.