Aristeia Capital L.L.C. Purchases New Position in Under Armour, Inc. (NYSE:UAA)

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC boosted its position in shares of Under Armour by 193.2% during the fourth quarter. FMR LLC now owns 28,317,951 shares of the company's stock worth $234,473,000 after purchasing an additional 18,658,128 shares in the last quarter. Vanguard Group Inc. lifted its stake in Under Armour by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company's stock valued at $128,741,000 after acquiring an additional 263,988 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in Under Armour by 10.7% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,528,935 shares of the company's stock valued at $45,780,000 after purchasing an additional 533,417 shares in the last quarter. Renaissance Technologies LLC increased its position in Under Armour by 13.7% during the fourth quarter. Renaissance Technologies LLC now owns 4,837,800 shares of the company's stock worth $40,057,000 after buying an additional 581,800 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Under Armour by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,815,640 shares of the company's stock valued at $39,873,000 after acquiring an additional 84,802 shares during the period. 34.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

UAA has been the subject of a number of recent analyst reports. Argus downgraded shares of Under Armour from a "buy" rating to a "hold" rating in a report on Thursday, January 16th. KGI Securities began coverage on shares of Under Armour in a research report on Friday, March 7th. They issued a "neutral" rating and a $7.40 price target for the company. Evercore ISI decreased their price objective on Under Armour from $8.00 to $7.00 and set an "underperform" rating for the company in a report on Monday, February 10th. UBS Group increased their price target on Under Armour from $7.00 to $8.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Under Armour in a research note on Friday, February 7th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $8.18.

Under Armour Stock Down 3.5 %

Shares of Under Armour stock traded down $0.21 on Tuesday, hitting $5.70. The company had a trading volume of 11,131,916 shares, compared to its average volume of 12,352,242. Under Armour, Inc. has a 1 year low of $4.78 and a 1 year high of $11.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. The stock has a 50 day moving average of $6.13 and a 200-day moving average of $7.75. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of -19.64 and a beta of 1.54.

Under Armour (NYSE:UAA - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share 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 last year, the company earned $0.19 EPS. As a group, sell-side analysts forecast that Under Armour, Inc. will post 0.3 earnings per share 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.