Nuveen Asset Management LLC Acquires 790,518 Shares of Under Armour, Inc. (NYSE:UA)

Nuveen Asset Management LLC grew its position in shares of Under Armour, Inc. (NYSE:UA - Free Report) by 58.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,132,175 shares of the company's stock after acquiring an additional 790,518 shares during the period. Nuveen Asset Management LLC owned about 0.49% of Under Armour worth $15,906,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fielder Capital Group LLC grew its holdings in shares of Under Armour by 17.9% during the fourth quarter. Fielder Capital Group LLC now owns 12,489 shares of the company's stock valued at $93,000 after buying an additional 1,898 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Under Armour by 3.5% during the fourth quarter. Amalgamated Bank now owns 62,753 shares of the company's stock valued at $468,000 after buying an additional 2,106 shares during the last quarter. Mariner LLC grew its holdings in shares of Under Armour by 9.0% during the fourth quarter. Mariner LLC now owns 35,094 shares of the company's stock valued at $262,000 after buying an additional 2,894 shares during the last quarter. Harbour Investments Inc. grew its holdings in shares of Under Armour by 592.9% during the fourth quarter. Harbour Investments Inc. now owns 3,506 shares of the company's stock valued at $26,000 after buying an additional 3,000 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Under Armour by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 938,078 shares of the company's stock valued at $6,998,000 after buying an additional 3,207 shares during the last quarter. 36.35% of the stock is owned by institutional investors.

Under Armour Stock Down 3.4%

Shares of NYSE:UA traded down $0.23 during trading on Thursday, reaching $6.32. 2,396,617 shares of the stock traded hands, compared to its average volume of 3,569,627. The stock has a 50-day moving average of $5.70 and a two-hundred day moving average of $6.88. Under Armour, Inc. has a 52-week low of $4.62 and a 52-week high of $10.62. 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 market cap of $2.71 billion, a P/E ratio of -21.78 and a beta of 1.47.

Under Armour (NYSE:UA - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, meeting 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 firm had revenue of $1.18 billion for 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.