65,262 Shares in Under Armour, Inc. (NYSE:UA) Bought by Neo Ivy Capital Management

Neo Ivy Capital Management acquired a new position in shares of Under Armour, Inc. (NYSE:UA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 65,262 shares of the company's stock, valued at approximately $486,000.

A number of other large investors have also modified their holdings of the stock. Barclays PLC boosted its stake in Under Armour by 2.4% in the third quarter. Barclays PLC now owns 304,273 shares of the company's stock valued at $2,544,000 after acquiring an additional 7,108 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Under Armour by 159.8% during the fourth quarter. SG Americas Securities LLC now owns 36,490 shares of the company's stock worth $272,000 after buying an additional 22,442 shares during the period. Summit Financial Strategies Inc. boosted its stake in shares of Under Armour by 71.0% during the fourth quarter. Summit Financial Strategies Inc. now owns 33,195 shares of the company's stock worth $248,000 after buying an additional 13,780 shares during the period. Kercheville Advisors LLC acquired a new stake in shares of Under Armour during the fourth quarter worth about $75,000. Finally, ABC Arbitrage SA purchased a new position in Under Armour during the fourth quarter worth about $819,000. Hedge funds and other institutional investors own 36.35% of the company's stock.

Under Armour Stock Performance

NYSE UA traded down $0.16 during trading hours on Thursday, hitting $6.38. 1,675,140 shares of the stock were exchanged, compared to its average volume of 3,566,782. The company has a market cap of $2.74 billion, a price-to-earnings ratio of -21.91 and a beta of 1.47. Under Armour, Inc. has a 12-month low of $4.62 and a 12-month high of $10.62. The stock has a 50-day moving average of $5.70 and a 200 day moving average of $6.88. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UA - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.08) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.08). Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. The business had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.16 billion.

Under Armour Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.