Nuveen Asset Management LLC lifted its position in Under Armour, Inc. (NYSE:UA - Free Report) by 58.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,132,175 shares of the company's stock after acquiring an additional 790,518 shares during the quarter. Nuveen Asset Management LLC owned 0.49% of Under Armour worth $15,906,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in UA. Norges Bank bought a new position in shares of Under Armour during the fourth quarter valued at approximately $18,688,000. American Century Companies Inc. increased its stake in shares of Under Armour by 182.3% in the fourth quarter. American Century Companies Inc. now owns 2,250,631 shares of the company's stock valued at $16,790,000 after purchasing an additional 1,453,399 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Under Armour by 26.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,808,152 shares of the company's stock valued at $13,489,000 after buying an additional 374,664 shares during the last quarter. Boston Partners boosted its position in shares of Under Armour by 1,317.3% during the fourth quarter. Boston Partners now owns 1,722,420 shares of the company's stock worth $12,852,000 after buying an additional 1,600,893 shares during the period. Finally, Bank of America Corp DE grew its holdings in Under Armour by 617.4% in the 4th quarter. Bank of America Corp DE now owns 1,555,160 shares of the company's stock worth $11,601,000 after buying an additional 1,338,376 shares in the last quarter. 36.35% of the stock is currently owned by institutional investors.
Under Armour Stock Performance
Under Armour stock traded down $0.03 during mid-day trading on Friday, hitting $6.33. 352,543 shares of the company's stock traded hands, compared to its average volume of 4,048,629. 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, Inc. has a one year low of $4.62 and a one year high of $10.62. The firm has a 50 day moving average price of $5.70 and a 200 day moving average price of $6.86. The company has a market cap of $2.72 billion, a PE ratio of -21.81 and a beta of 1.47.
Under Armour (NYSE:UA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, meeting analysts' consensus estimates of ($0.08). The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%.
About Under Armour
(
Free Report)
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.
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