Profit Investment Management LLC Sells 190,816 Shares of Under Armour, Inc. $UA

Profit Investment Management LLC reduced its holdings in shares of Under Armour, Inc. (NYSE:UA) by 55.9% during the third quarter, HoldingsChannel.com reports. The fund owned 150,252 shares of the company’s stock after selling 190,816 shares during the quarter. Profit Investment Management LLC’s holdings in Under Armour were worth $726,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Laurel Wealth Advisors LLC grew its stake in Under Armour by 549.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,920 shares of the company’s stock valued at $25,000 after purchasing an additional 3,316 shares during the period. UMB Bank n.a. raised its stake in shares of Under Armour by 361.9% during the 2nd quarter. UMB Bank n.a. now owns 4,102 shares of the company’s stock worth $27,000 after purchasing an additional 3,214 shares during the period. Teza Capital Management LLC purchased a new position in shares of Under Armour in the 1st quarter worth about $60,000. Cerity Partners LLC bought a new position in Under Armour during the second quarter valued at about $65,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in Under Armour during the second quarter worth about $68,000. Hedge funds and other institutional investors own 36.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Under Armour in a research report on Monday, December 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Under Armour presently has an average rating of “Sell”.

Under Armour Stock Down 0.9%

UA stock opened at $4.32 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.10 and a current ratio of 1.69. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of -20.57 and a beta of 1.74. Under Armour, Inc. has a fifty-two week low of $3.95 and a fifty-two week high of $7.89. The stock has a fifty day moving average of $4.38 and a 200-day moving average of $5.22.

Under Armour (NYSE:UA) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Under Armour had a positive return on equity of 1.27% and a negative net margin of 1.74%.Under Armour has set its FY 2026 guidance at 0.030-0.050 EPS.

About Under Armour

Under Armour, Inc is a global designer, marketer and distributor of branded performance apparel, footwear and accessories. The company’s product portfolio spans a wide range of athletic categories, including running, training, basketball, outdoor and golf, with specialized lines for men, women and youth. Under Armour emphasizes innovative fabrics and technologies designed to enhance athletic performance, such as moisture-wicking HeatGear®, cold-weather ColdGear® and UV-protective UA Tech™ materials.

The company was founded in 1996 by former University of Maryland football captain Kevin Plank, who sought to create a superior moisture-wicking T-shirt to keep athletes cool and dry.