American Century Companies Inc. Decreases Stock Holdings in Under Armour, Inc. (NYSE:UA)

American Century Companies Inc. decreased its holdings in Under Armour, Inc. (NYSE:UA) by 45.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 797,918 shares of the company’s stock after selling 652,641 shares during the quarter. American Century Companies Inc. owned 0.18% of Under Armour worth $5,091,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Ensign Peak Advisors Inc bought a new stake in shares of Under Armour during the 3rd quarter valued at about $26,000. ExodusPoint Capital Management LP raised its position in shares of Under Armour by 327,200.0% during the 1st quarter. ExodusPoint Capital Management LP now owns 3,273 shares of the company’s stock valued at $28,000 after purchasing an additional 3,272 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Under Armour during the 3rd quarter valued at $33,000. Franklin Resources Inc. boosted its holdings in Under Armour by 181.2% in the 1st quarter. Franklin Resources Inc. now owns 4,212 shares of the company’s stock worth $36,000 after buying an additional 2,714 shares during the period. Finally, Harbour Investments Inc. increased its stake in Under Armour by 73.0% in the 3rd quarter. Harbour Investments Inc. now owns 6,398 shares of the company’s stock worth $41,000 after buying an additional 2,700 shares in the last quarter. Hedge funds and other institutional investors own 36.35% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet raised Under Armour from a “d+” rating to a “c-” rating in a research note on Tuesday, December 12th.

Under Armour Stock Up 2.2 %

Shares of UA opened at $6.97 on Thursday. The business’s 50 day moving average is $7.66 and its 200 day moving average is $7.35. The company has a market capitalization of $3.03 billion, a PE ratio of 7.83 and a beta of 1.64. Under Armour, Inc. has a 12-month low of $5.86 and a 12-month high of $8.99. The company has a current ratio of 2.13, a quick ratio of 1.38 and a debt-to-equity ratio of 0.27.

Under Armour (NYSE:UA) last issued its earnings results on Thursday, February 8th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.09. The company had revenue of $1.49 billion for the quarter. Under Armour had a return on equity of 13.85% and a net margin of 6.98%. During the same period last year, the business posted $0.16 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.