AQR Arbitrage LLC Sells 1,790,967 Shares of Under Armour, Inc. (NYSE:UAA)

AQR Arbitrage LLC lessened its stake in shares of Under Armour, Inc. (NYSE:UAA) by 96.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,252 shares of the company’s stock after selling 1,790,967 shares during the period. AQR Arbitrage LLC’s holdings in Under Armour were worth $486,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UAA. FMR LLC increased its holdings in Under Armour by 193.2% in the 4th quarter. FMR LLC now owns 28,317,951 shares of the company’s stock valued at $234,473,000 after buying an additional 18,658,128 shares during the period. T. Rowe Price Investment Management Inc. bought a new position in Under Armour in the fourth quarter valued at approximately $28,249,000. American Century Companies Inc. increased its stake in Under Armour by 160.5% in the fourth quarter. American Century Companies Inc. now owns 4,013,671 shares of the company’s stock valued at $33,233,000 after acquiring an additional 2,472,813 shares during the last quarter. Norges Bank acquired a new position in Under Armour during the fourth quarter valued at approximately $11,151,000. Finally, Oberweis Asset Management Inc. bought a new stake in Under Armour during the fourth quarter worth $9,548,000. 34.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on UAA. StockNews.com upgraded Under Armour from a “sell” rating to a “hold” rating in a research report on Thursday, March 20th. Evercore ISI decreased their price target on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a report on Monday, February 10th. Stifel Nicolaus lowered their price objective on shares of Under Armour from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Argus lowered shares of Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research note on Friday, February 7th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Under Armour currently has an average rating of “Hold” and a consensus price target of $8.18.

Under Armour Stock Performance

Shares of UAA opened at $5.81 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The firm’s fifty day simple moving average is $6.19 and its two-hundred day simple moving average is $7.84. Under Armour, Inc. has a 12 month low of $4.78 and a 12 month high of $11.89. The stock has a market capitalization of $2.50 billion, a P/E ratio of -20.02 and a beta of 1.49.

Under Armour (NYSE:UAA) last announced its earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same quarter last year, the business posted $0.19 EPS. As a group, analysts predict that Under Armour, Inc. will post 0.3 EPS for the current year.

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.