Sone Capital Management LLC Acquires Shares of 428,568 Under Armour, Inc. (NYSE:UA)

Sone Capital Management LLC acquired a new stake in Under Armour, Inc. (NYSE:UA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 428,568 shares of the company's stock, valued at approximately $3,197,000. Sone Capital Management LLC owned about 0.10% of Under Armour at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barclays PLC boosted its holdings in Under Armour by 2.4% during the third quarter. Barclays PLC now owns 304,273 shares of the company's stock worth $2,544,000 after buying an additional 7,108 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Under Armour in the fourth quarter worth about $2,983,000. Sugar Maple Asset Management LLC acquired a new position in shares of Under Armour in the fourth quarter worth about $45,000. SG Americas Securities LLC boosted its stake in shares of Under Armour by 159.8% during the 4th quarter. SG Americas Securities LLC now owns 36,490 shares of the company's stock worth $272,000 after acquiring an additional 22,442 shares in the last quarter. Finally, Summit Financial Strategies Inc. grew its position in shares of Under Armour by 71.0% during the 4th quarter. Summit Financial Strategies Inc. now owns 33,195 shares of the company's stock valued at $248,000 after acquiring an additional 13,780 shares during the period. Institutional investors and hedge funds own 36.35% of the company's stock.

Under Armour Stock Performance

NYSE UA opened at $6.35 on Monday. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of -21.88 and a beta of 1.47. The stock has a 50-day moving average of $5.69 and a 200 day moving average of $6.98. 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, Inc. has a twelve month low of $4.62 and a twelve month high of $10.62.

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

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.

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