Entropy Technologies LP Makes New Investment in Under Armour, Inc. $UAA

Key Points

• Entropy Technologies LP acquired 81,700 shares of Under Armour, Inc., valued at approximately $511,000, during the first quarter.
• Institutional investors and hedge funds now own 34.58% of Under Armour's stock, with notable increases from firms like Northern Trust Corp and JPMorgan Chase & Co.
• Under Armour reported earnings per share of $0.02 for the last quarter, missing expectations by $0.01, with a 4.2% year-over-year revenue decrease.

Entropy Technologies LP purchased a new position in shares of Under Armour, Inc. (NYSE:UAA - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 81,700 shares of the company's stock, valued at approximately $511,000.

A number of other hedge funds also recently modified their holdings of UAA. Alyeska Investment Group L.P. boosted its position in shares of Under Armour by 55.7% during the fourth quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company's stock worth $81,057,000 after buying an additional 3,503,006 shares during the period. T. Rowe Price Investment Management Inc. acquired a new position in shares of Under Armour during the fourth quarter worth about $28,249,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Under Armour by 279.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,727,901 shares of the company's stock worth $14,307,000 after buying an additional 1,273,129 shares during the period. Oberweis Asset Management Inc. acquired a new position in shares of Under Armour during the fourth quarter worth about $9,548,000. Finally, Fuller & Thaler Asset Management Inc. boosted its position in shares of Under Armour by 10.7% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,528,935 shares of the company's stock worth $45,780,000 after buying an additional 533,417 shares during the period. Institutional investors and hedge funds own 34.58% of the company's stock.

Insider Buying and Selling

In other news, Director Dawn N. Fitzpatrick bought 100,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were bought at an average price of $4.93 per share, for a total transaction of $493,000.00. Following the completion of the purchase, the director owned 133,696 shares in the company, valued at approximately $659,121.28. This trade represents a 296.77% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mehri Shadman sold 16,287 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total value of $100,002.18. Following the transaction, the insider owned 191,796 shares in the company, valued at approximately $1,177,627.44. This trade represents a 7.83% decrease in their position. The disclosure for this sale can be found here. 15.60% of the stock is currently owned by company insiders.

Under Armour Stock Performance

Shares of UAA traded up $0.06 during mid-day trading on Monday, reaching $5.23. The company's stock had a trading volume of 7,925,540 shares, compared to its average volume of 13,210,073. The stock has a market cap of $2.24 billion, a P/E ratio of 23.75, a PEG ratio of 2.41 and a beta of 1.61. The company has a current ratio of 1.53, a quick ratio of 0.93 and a debt-to-equity ratio of 0.21. Under Armour, Inc. has a 1-year low of $4.78 and a 1-year high of $11.89. The business has a 50-day simple moving average of $6.65 and a two-hundred day simple moving average of $6.55.

Under Armour (NYSE:UAA - Get Free Report) last announced its earnings results on Friday, August 8th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. Under Armour had a return on equity of 7.24% and a net margin of 1.99%. Under Armour's revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.01 EPS. As a group, equities research analysts anticipate that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

UAA has been the subject of several recent research reports. Barclays reduced their price objective on Under Armour from $8.00 to $6.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. Wells Fargo & Company upped their price objective on Under Armour from $4.00 to $5.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Stifel Nicolaus reduced their price target on Under Armour from $11.00 to $10.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. Telsey Advisory Group reduced their price target on Under Armour from $7.00 to $5.00 and set a "market perform" rating for the company in a research report on Monday, August 11th. Finally, Evercore ISI reduced their price target on Under Armour from $7.00 to $6.00 and set an "underperform" rating for the company in a research report on Wednesday, May 14th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Under Armour presently has an average rating of "Hold" and an average target price of $6.74.

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.