Tidal Investments LLC raised its holdings in shares of Under Armour, Inc. (NYSE:UA - Free Report) by 84.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,565 shares of the company's stock after purchasing an additional 41,051 shares during the quarter. Tidal Investments LLC's holdings in Under Armour were worth $668,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Under Armour in the fourth quarter worth $1,260,000. Boston Partners raised its stake in shares of Under Armour by 1,317.3% in the fourth quarter. Boston Partners now owns 1,722,420 shares of the company's stock valued at $12,852,000 after acquiring an additional 1,600,893 shares during the period. ABC Arbitrage SA bought a new stake in shares of Under Armour in the 4th quarter worth about $819,000. Russell Investments Group Ltd. lifted its holdings in shares of Under Armour by 305.1% in the 4th quarter. Russell Investments Group Ltd. now owns 822,470 shares of the company's stock worth $6,136,000 after acquiring an additional 619,459 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Under Armour by 617.4% during the 4th quarter. Bank of America Corp DE now owns 1,555,160 shares of the company's stock worth $11,601,000 after purchasing an additional 1,338,376 shares during the period. 36.35% of the stock is owned by hedge funds and other institutional investors.
Under Armour Trading Down 0.5%
Under Armour stock traded down $0.03 during midday trading on Friday, reaching $6.32. The stock had a trading volume of 3,649,619 shares, compared to its average volume of 3,576,010. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of -21.79 and a beta of 1.47. Under Armour, Inc. has a 52-week low of $4.62 and a 52-week high of $10.62. The company has a fifty day moving average of $5.70 and a 200 day moving average of $6.86.
Under Armour (NYSE:UA - Get Free Report) last issued its quarterly 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 firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion.
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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