Occudo Quantitative Strategies LP Cuts Stock Position in Under Armour, Inc. (NYSE:UAA)

Occudo Quantitative Strategies LP cut its holdings in Under Armour, Inc. (NYSE:UAA) by 92.4% in the fourth quarter, HoldingsChannel reports. The firm owned 13,055 shares of the company’s stock after selling 159,056 shares during the quarter. Occudo Quantitative Strategies LP’s holdings in Under Armour were worth $108,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of UAA. Compagnie Lombard Odier SCmA purchased a new position in shares of Under Armour in the fourth quarter valued at $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Under Armour in the fourth quarter valued at $27,000. SBI Securities Co. Ltd. purchased a new position in shares of Under Armour in the fourth quarter valued at $40,000. Harbour Investments Inc. grew its holdings in shares of Under Armour by 438.2% in the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock valued at $51,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Amundi grew its holdings in shares of Under Armour by 45.3% in the fourth quarter. Amundi now owns 13,540 shares of the company’s stock valued at $110,000 after purchasing an additional 4,223 shares in the last quarter. 34.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on UAA. Truist Financial lowered their price target on Under Armour from $9.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday. Wells Fargo & Company raised their price target on Under Armour from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Evercore ISI lowered their price target on Under Armour from $7.00 to $6.00 and set an “underperform” rating for the company in a research report on Wednesday. UBS Group raised their price target on Under Armour from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Finally, Needham & Company LLC restated a “hold” rating on shares of Under Armour in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.33.

Under Armour Stock Up 2.5%

NYSE:UAA opened at $6.71 on Friday. Under Armour, Inc. has a twelve month low of $4.78 and a twelve month high of $11.89. The company has a market cap of $2.88 billion, a price-to-earnings ratio of -23.12 and a beta of 1.54. The stock has a fifty day simple moving average of $6.00 and a 200-day simple moving average of $7.61. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA) last released its earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.01. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. Analysts anticipate that Under Armour, Inc. will post 0.3 EPS for the current year.

About Under Armour

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.