Lecap Asset Management Ltd. Has $126,000 Stake in Under Armour, Inc. (NYSE:UAA)

Lecap Asset Management Ltd. reduced its stake in Under Armour, Inc. (NYSE:UAA) by 72.5% in the 3rd quarter, Holdings Channel reports. The firm owned 14,183 shares of the company’s stock after selling 37,446 shares during the period. Lecap Asset Management Ltd.’s holdings in Under Armour were worth $126,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC grew its position in shares of Under Armour by 101.1% in the first quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock valued at $28,000 after purchasing an additional 1,890 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Under Armour in the 3rd quarter valued at approximately $56,000. CWM LLC grew its holdings in Under Armour by 20.7% in the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after buying an additional 1,409 shares during the last quarter. City State Bank increased its position in Under Armour by 292.6% in the 3rd quarter. City State Bank now owns 10,063 shares of the company’s stock worth $90,000 after buying an additional 7,500 shares during the period. Finally, Optas LLC acquired a new position in shares of Under Armour during the second quarter worth approximately $72,000. Institutional investors own 34.58% of the company’s stock.

Under Armour Trading Up 0.2 %

Shares of Under Armour stock opened at $8.58 on Friday. Under Armour, Inc. has a 12-month low of $6.17 and a 12-month high of $9.58. The stock has a market capitalization of $3.71 billion, a P/E ratio of -47.66, a price-to-earnings-growth ratio of 4.36 and a beta of 1.66. The company has a 50-day simple moving average of $8.30 and a 200 day simple moving average of $7.34. The company has a quick ratio of 1.08, a current ratio of 1.73 and a debt-to-equity ratio of 0.33.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.09. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.14 billion. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. The company’s revenue was down 10.1% on a year-over-year basis. During the same quarter last year, the business posted $0.02 earnings per share. Research analysts expect that Under Armour, Inc. will post 0.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on UAA. Wedbush boosted their target price on shares of Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a research report on Friday, August 9th. UBS Group boosted their price objective on shares of Under Armour from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday. Stifel Nicolaus increased their target price on shares of Under Armour from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Truist Financial lifted their target price on Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Finally, Argus raised Under Armour to a “strong-buy” rating in a report on Thursday, August 15th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $7.87.

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.