Man Group plc Takes Position in Under Armour, Inc. (NYSE:UAA)

Man Group plc bought a new position in shares of Under Armour, Inc. (NYSE:UAA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 41,124 shares of the company's stock, valued at approximately $341,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA bought a new stake in shares of Under Armour during the fourth quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Under Armour in the fourth quarter valued at about $27,000. SBI Securities Co. Ltd. bought a new stake in Under Armour in the fourth quarter valued at about $40,000. Harbour Investments Inc. increased its holdings in Under Armour by 438.2% in the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company's stock valued at $51,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Amundi increased its holdings in Under Armour by 45.3% in the fourth quarter. Amundi now owns 13,540 shares of the company's stock valued at $110,000 after purchasing an additional 4,223 shares during the last quarter. Institutional investors own 34.58% of the company's stock.

Wall Street Analysts Forecast Growth

UAA has been the subject of a number of recent analyst reports. BMO Capital Markets dropped their price objective on Under Armour from $12.00 to $9.00 and set an "outperform" rating for the company in a report on Wednesday, May 14th. Telsey Advisory Group reiterated a "market perform" rating and issued a $7.00 price objective on shares of Under Armour in a report on Tuesday, May 13th. KGI Securities initiated coverage on Under Armour in a report on Friday, March 7th. They issued a "neutral" rating and a $7.40 price objective for the company. Wall Street Zen downgraded Under Armour from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Under Armour in a report on Wednesday, May 14th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Under Armour presently has an average rating of "Hold" and an average price target of $7.33.

Under Armour Stock Down 0.1%

Shares of UAA stock traded down $0.01 on Friday, hitting $6.71. 9,800,736 shares of the stock were exchanged, compared to its average volume of 12,708,687. 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 has a market capitalization of $2.88 billion, a P/E ratio of -23.14 and a beta of 1.54. The business has a 50-day moving average of $6.00 and a 200 day moving average of $7.43. Under Armour, Inc. has a fifty-two week low of $4.78 and a fifty-two week high of $11.89.

Under Armour (NYSE:UAA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.01. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. The company had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same period in the prior year, the firm earned $0.11 earnings per share. Under Armour's revenue for the quarter was down 11.4% compared to the same quarter last year. Equities analysts anticipate that Under Armour, Inc. will post 0.3 EPS for the current year.

About Under Armour

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.