Formula Growth Ltd. Lowers Holdings in Under Armour, Inc. (NYSE:UA)

Formula Growth Ltd. trimmed its position in shares of Under Armour, Inc. (NYSE:UA) by 20.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 640,000 shares of the company’s stock after selling 160,000 shares during the period. Under Armour makes up approximately 1.8% of Formula Growth Ltd.’s holdings, making the stock its 9th largest holding. Formula Growth Ltd. owned approximately 0.14% of Under Armour worth $5,459,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UA. Ensign Peak Advisors Inc bought a new stake in shares of Under Armour in the 3rd quarter valued at approximately $26,000. ExodusPoint Capital Management LP grew its stake in shares of Under Armour by 327,200.0% in 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. Bellwether Advisors LLC bought a new stake in shares of Under Armour in the 4th quarter valued at approximately $35,000. Franklin Resources Inc. grew its stake in shares of Under Armour by 181.2% in the 1st quarter. Franklin Resources Inc. now owns 4,212 shares of the company’s stock valued at $36,000 after purchasing an additional 2,714 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Under Armour by 146.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,135 shares of the company’s stock valued at $46,000 after purchasing an additional 3,050 shares during the period. 34.30% of the stock is currently owned by institutional investors.

Under Armour Stock Up 0.4 %

NYSE UA opened at $6.64 on Friday. The firm has a market cap of $2.95 billion, a PE ratio of 7.72 and a beta of 1.63. Under Armour, Inc. has a one year low of $5.74 and a one year high of $11.41. The stock’s 50 day simple moving average is $7.04 and its 200 day simple moving average is $7.41. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.04 and a quick ratio of 1.14.

Under Armour (NYSE:UA) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter. Under Armour had a return on equity of 13.59% and a net margin of 6.60%. The firm had revenue of $1.32 billion for the quarter.

Wall Street Analysts Forecast Growth

Separately, TheStreet lowered Under Armour from a “c-” rating to a “d+” rating in a research report on Tuesday, August 8th.

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.