Tidal Investments LLC boosted its holdings in shares of Under Armour, Inc. (NYSE:UA - Free Report) by 84.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,565 shares of the company's stock after acquiring an additional 41,051 shares during the quarter. Tidal Investments LLC's holdings in Under Armour were worth $668,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Harbour Investments Inc. grew its stake 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 worth $26,000 after purchasing an additional 3,000 shares in the last quarter. Bellwether Advisors LLC purchased a new position in shares of Under Armour during the fourth quarter worth about $29,000. Quarry LP acquired a new position in shares of Under Armour in the fourth quarter valued at approximately $30,000. Kercheville Advisors LLC purchased a new position in Under Armour during the 4th quarter worth $75,000. Finally, Sigma Planning Corp acquired a new stake in Under Armour in the fourth quarter valued at about $82,000. Hedge funds and other institutional investors own 36.35% of the company's stock.
Under Armour Stock Performance
UA traded down $0.03 during trading on Friday, reaching $6.32. The company's stock had a trading volume of 3,649,619 shares, compared to its average volume of 3,578,746. The company's fifty day moving average price is $5.70 and its 200-day moving average price is $6.82. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of -21.79 and a beta of 1.47. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. Under Armour, Inc. has a 52-week low of $4.62 and a 52-week high of $10.62.
Under Armour (NYSE:UA - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.08). The business had revenue of $1.18 billion during 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 Profile
(
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.
Featured Stories
Before you consider Under Armour, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Under Armour wasn't on the list.
While Under Armour currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
