Aristeia Capital L.L.C. Invests $673,000 in Under Armour, Inc. (NYSE:UAA)

Aristeia Capital L.L.C. purchased a new stake in shares of Under Armour, Inc. (NYSE:UAA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 81,221 shares of the company's stock, valued at approximately $673,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Schonfeld Strategic Advisors LLC bought a new position in shares of Under Armour in the 4th quarter valued at about $124,000. Perbak Capital Partners LLP purchased a new position in Under Armour in the 4th quarter worth $141,000. Northern Trust Corp boosted its holdings in shares of Under Armour by 18.9% in the 4th quarter. Northern Trust Corp now owns 1,729,796 shares of the company's stock valued at $14,323,000 after acquiring an additional 275,131 shares during the last quarter. Beacon Pointe Advisors LLC boosted its position in Under Armour by 10.7% in the 4th quarter. Beacon Pointe Advisors LLC now owns 21,470 shares of the company's stock worth $178,000 after purchasing an additional 2,080 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in shares of Under Armour during the 4th quarter worth approximately $4,202,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

Under Armour Trading Up 5.1 %

Shares of UAA stock traded up $0.29 during mid-day trading on Thursday, hitting $6.01. The company's stock had a trading volume of 10,672,098 shares, compared to its average volume of 12,377,599. The company has a market cap of $2.58 billion, a PE ratio of -20.72 and a beta of 1.54. The company's fifty day simple moving average is $6.11 and its 200-day simple moving average is $7.74. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. Under Armour, Inc. has a 52 week low of $4.78 and a 52 week high of $11.89.

Under Armour (NYSE:UAA - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same quarter in the previous year, the company earned $0.19 earnings per share. As a group, equities research analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on UAA shares. Barclays reduced their target price on shares of Under Armour from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company reduced their target price on shares of Under Armour from $7.00 to $4.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Evercore ISI reduced their target price on Under Armour from $8.00 to $7.00 and set an "underperform" rating for the company in a report on Monday, February 10th. Telsey Advisory Group cut their price objective on Under Armour from $10.00 to $7.00 and set a "market perform" rating for the company in a research report on Wednesday. Finally, KGI Securities began coverage on shares of Under Armour in a report on Friday, March 7th. They set a "neutral" rating and a $7.40 price objective on the stock. Three 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. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $7.99.

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.