Cubist Systematic Strategies LLC lowered its stake in shares of Under Armour, Inc. (NYSE:UA – Get Rating) by 79.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,985 shares of the company's stock after selling 426,327 shares during the quarter. Cubist Systematic Strategies LLC's holdings in Under Armour were worth $667,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mirabella Financial Services LLP increased its holdings in shares of Under Armour by 9.7% in the third quarter. Mirabella Financial Services LLP now owns 17,877 shares of the company's stock valued at $116,000 after purchasing an additional 1,586 shares during the period. Captrust Financial Advisors increased its holdings in Under Armour by 25.8% in the 2nd quarter. Captrust Financial Advisors now owns 8,041 shares of the company's stock worth $61,000 after buying an additional 1,649 shares during the period. WMS Partners LLC raised its position in Under Armour by 15.9% during the 3rd quarter. WMS Partners LLC now owns 12,137 shares of the company's stock worth $72,000 after buying an additional 1,661 shares during the last quarter. Brown Advisory Inc. lifted its stake in Under Armour by 4.0% during the 3rd quarter. Brown Advisory Inc. now owns 49,501 shares of the company's stock valued at $296,000 after acquiring an additional 1,888 shares during the period. Finally, ExodusPoint Capital Management LP boosted its holdings in shares of Under Armour by 42.0% in the 2nd quarter. ExodusPoint Capital Management LP now owns 7,859 shares of the company's stock valued at $60,000 after acquiring an additional 2,325 shares during the last quarter. 32.63% of the stock is owned by hedge funds and other institutional investors.
Get Under Armour alerts:Insiders Place Their Bets
In other Under Armour news, insider Tchernavia Rocker sold 69,823 shares of the company's stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $9.32, for a total value of $650,750.36. Following the completion of the transaction, the insider now owns 260,291 shares in the company, valued at $2,425,912.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 15.70% of the company's stock.
Under Armour Trading Down 3.9 %
Shares of Under Armour stock opened at $7.85 on Friday. The stock has a market cap of $3.48 billion, a PE ratio of 22.43 and a beta of 1.63. The firm has a fifty day moving average price of $9.61 and a 200 day moving average price of $8.27. Under Armour, Inc. has a 1 year low of $5.74 and a 1 year high of $16.52. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.07 and a quick ratio of 1.26.
Under Armour (NYSE:UA – Get Rating) last released its quarterly earnings data on Wednesday, February 8th. The company reported $0.16 earnings per share for the quarter. Under Armour had a return on equity of 10.02% and a net margin of 2.70%. The business had revenue of $1.58 billion during the quarter.
Under Armour Company Profile
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Under Armour, Inc engages in the development, marketing, and distribution of branded performance apparel, footwear, and accessories for men, women, and youth. It operates through the following segments: North America, EMEA, Asia-Pacific, Latin America, and Connected Fitness. The Connected Fitness segment offers digital fitness subscriptions, along with digital advertising through its MapMyFitness, MyFitnessPal, and Endomondo applications.
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