Mutual of America Capital Management LLC Has $607,000 Position in Under Armour, Inc. (NYSE:UAA)

Mutual of America Capital Management LLC lessened its holdings in Under Armour, Inc. (NYSE:UAA) by 2.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 97,183 shares of the company’s stock after selling 2,561 shares during the period. Mutual of America Capital Management LLC’s holdings in Under Armour were worth $607,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Alyeska Investment Group L.P. increased its holdings in shares of Under Armour by 55.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company’s stock valued at $81,057,000 after purchasing an additional 3,503,006 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in shares of Under Armour during the 4th quarter worth about $28,249,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Under Armour by 279.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,727,901 shares of the company’s stock valued at $14,307,000 after buying an additional 1,273,129 shares during the last quarter. Oberweis Asset Management Inc. bought a new position in Under Armour in the 4th quarter valued at about $9,548,000. Finally, Fuller & Thaler Asset Management Inc. lifted its position in Under Armour by 10.7% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,528,935 shares of the company’s stock worth $45,780,000 after acquiring an additional 533,417 shares during the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Insider Buying and Selling at Under Armour

In other news, insider Mehri Shadman sold 16,287 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total value of $100,002.18. Following the completion of the transaction, the insider directly owned 191,796 shares in the company, valued at approximately $1,177,627.44. This represents a 7.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 15.60% of the company’s stock.

Under Armour Stock Performance

Under Armour stock opened at $5.13 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 1.53 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.21 billion, a PE ratio of 23.32, a P/E/G ratio of 0.76 and a beta of 1.61. Under Armour, Inc. has a 12-month low of $4.78 and a 12-month high of $11.89. The business’s 50-day moving average price is $6.78 and its two-hundred day moving average price is $6.64.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Friday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. Under Armour had a net margin of 1.99% and a return on equity of 7.24%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the firm posted $0.01 earnings per share. As a group, analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on UAA shares. Wall Street Zen downgraded Under Armour from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. Truist Financial decreased their price objective on Under Armour from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Wednesday, May 14th. Bank of America lowered their price objective on Under Armour from $8.00 to $6.50 and set a “neutral” rating on the stock in a research report on Monday. Stifel Nicolaus lowered their price target on shares of Under Armour from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, May 14th. Finally, Robert W. Baird dropped their price objective on shares of Under Armour from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Monday. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Under Armour has a consensus rating of “Hold” and an average price target of $6.74.

Under Armour Profile

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing 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.