Neo Ivy Capital Management Invests $486,000 in Under Armour, Inc. (NYSE:UA)

Neo Ivy Capital Management acquired a new position in Under Armour, Inc. (NYSE:UA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 65,262 shares of the company's stock, valued at approximately $486,000.

A number of other institutional investors have also made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Under Armour by 17.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 553,660 shares of the company's stock valued at $4,130,000 after purchasing an additional 83,824 shares during the last quarter. Sone Capital Management LLC acquired a new position in shares of Under Armour in the fourth quarter valued at $3,197,000. Twinbeech Capital LP acquired a new position in shares of Under Armour in the fourth quarter valued at $3,805,000. Tidal Investments LLC increased its holdings in shares of Under Armour by 84.6% in the fourth quarter. Tidal Investments LLC now owns 89,565 shares of the company's stock valued at $668,000 after purchasing an additional 41,051 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Under Armour in the fourth quarter valued at $159,000. Institutional investors own 36.35% of the company's stock.

Under Armour Stock Performance

Shares of NYSE:UA traded up $0.30 on Tuesday, hitting $6.54. The company had a trading volume of 3,094,577 shares, compared to its average volume of 3,568,428. Under Armour, Inc. has a 1-year low of $4.62 and a 1-year high of $10.62. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of -22.55 and a beta of 1.47. The stock has a 50 day moving average price of $5.68 and a 200 day moving average price of $6.88. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30.

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

Under Armour Company 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.