Occudo Quantitative Strategies LP Sells 159,056 Shares of Under Armour, Inc. (NYSE:UAA)

Occudo Quantitative Strategies LP lowered its stake in shares of Under Armour, Inc. (NYSE:UAA) by 92.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,055 shares of the company’s stock after selling 159,056 shares during the period. Occudo Quantitative Strategies LP’s holdings in Under Armour were worth $108,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Compagnie Lombard Odier SCmA bought a new position in Under Armour during the 4th quarter valued at about $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Under Armour during the 4th quarter valued at about $27,000. SBI Securities Co. Ltd. bought a new position in Under Armour during the 4th quarter valued at about $40,000. Harbour Investments Inc. lifted its stake in Under Armour by 438.2% during the 4th quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock valued at $51,000 after acquiring an additional 5,000 shares during the period. Finally, Amundi lifted its stake in Under Armour by 45.3% during the 4th quarter. Amundi now owns 13,540 shares of the company’s stock valued at $110,000 after acquiring an additional 4,223 shares during the period. Institutional investors own 34.58% of the company’s stock.

Under Armour Trading Up 2.5%

Under Armour stock opened at $6.71 on Friday. The firm has a 50 day moving average of $6.00 and a 200 day moving average of $7.61. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of -23.12 and a beta of 1.54. Under Armour, Inc. has a 12-month low of $4.78 and a 12-month high of $11.89. 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 (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.01. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.16 billion. As a group, research analysts predict that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Analysts Set New Price Targets

UAA has been the topic of several recent research reports. Bank of America lowered their price objective on shares of Under Armour from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday. Evercore ISI lowered their price objective on shares of Under Armour from $7.00 to $6.00 and set an “underperform” rating on the stock in a research note on Wednesday. BMO Capital Markets lowered their price objective on shares of Under Armour from $12.00 to $9.00 and set an “outperform” rating on the stock in a research note on Wednesday. KGI Securities initiated coverage on shares of Under Armour in a research note on Friday, March 7th. They issued a “neutral” rating and a $7.40 price objective on the stock. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $7.33.

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.