Xponance Inc. Sells 2,386 Shares of Under Armour, Inc. (NYSE:UA)

Xponance Inc. trimmed its holdings in Under Armour, Inc. (NYSE:UA) by 10.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,759 shares of the company’s stock after selling 2,386 shares during the period. Xponance Inc.’s holdings in Under Armour were worth $136,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. BDT Capital Partners LLC grew its position in Under Armour by 22.6% in the fourth quarter. BDT Capital Partners LLC now owns 42,953,937 shares of the company’s stock worth $358,665,000 after acquiring an additional 7,919,165 shares in the last quarter. Profit Investment Management LLC grew its position in Under Armour by 26.3% in the first quarter. Profit Investment Management LLC now owns 565,869 shares of the company’s stock worth $4,040,000 after acquiring an additional 117,996 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Under Armour in the first quarter worth approximately $1,217,000. Concurrent Investment Advisors LLC boosted its holdings in shares of Under Armour by 16.5% during the 1st quarter. Concurrent Investment Advisors LLC now owns 21,537 shares of the company’s stock worth $154,000 after buying an additional 3,045 shares during the period. Finally, AMH Equity Ltd bought a new stake in shares of Under Armour during the 1st quarter worth $892,000. 36.35% of the stock is owned by institutional investors.

Under Armour Price Performance

NYSE UA opened at $8.11 on Thursday. The company has a current ratio of 1.73, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. The company has a fifty day simple moving average of $7.41 and a 200 day simple moving average of $6.91. The company has a market cap of $3.54 billion, a P/E ratio of 15.30 and a beta of 1.64. Under Armour, Inc. has a 1 year low of $6.00 and a 1 year high of $8.99.

Under Armour (NYSE:UA) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share (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 negative net margin of 1.35% and a positive return on equity of 11.98%. On average, sell-side analysts predict that Under Armour, Inc. will post 0.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus decreased their price objective on shares of Under Armour from $10.00 to $9.00 and set a “buy” rating for the company in a report on Monday, June 24th.

Under Armour 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.