Catalyst Funds Management Pty Ltd Reduces Stake in Under Armour, Inc. (NYSE:UA)

Catalyst Funds Management Pty Ltd reduced its position in Under Armour, Inc. (NYSE:UA) by 49.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,300 shares of the company’s stock after selling 18,200 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in Under Armour were worth $137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Avantax Advisory Services Inc. purchased a new position in shares of Under Armour in the 4th quarter worth $110,000. Wealthfront Advisers LLC purchased a new position in Under Armour during the fourth quarter valued at $750,000. Edgestream Partners L.P. purchased a new position in Under Armour during the fourth quarter valued at $2,342,000. Raymond James Financial Inc. purchased a new position in Under Armour during the fourth quarter valued at $1,260,000. Finally, Proficio Capital Partners LLC purchased a new position in Under Armour during the fourth quarter valued at $149,000. 36.35% of the stock is currently owned by hedge funds and other institutional investors.

Under Armour Price Performance

NYSE UA opened at $6.24 on Monday. The company has a market capitalization of $2.68 billion, a PE ratio of -21.50 and a beta of 1.60. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. The business’s fifty day moving average is $6.96 and its 200 day moving average is $7.70. Under Armour, Inc. has a fifty-two week low of $6.02 and a fifty-two week high of $10.62.

Under Armour (NYSE:UA) last released its earnings results on Thursday, February 13th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same quarter in the prior year, the firm earned $0.25 EPS.

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.