Twinbeech Capital LP Invests $3.73 Million in Under Armour, Inc. (NYSE:UAA)

Twinbeech Capital LP purchased a new stake in shares of Under Armour, Inc. (NYSE:UAA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 450,228 shares of the company's stock, valued at approximately $3,728,000. Twinbeech Capital LP owned 0.10% of Under Armour as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Under Armour by 193.2% during the 4th quarter. FMR LLC now owns 28,317,951 shares of the company's stock worth $234,473,000 after acquiring an additional 18,658,128 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in Under Armour by 55.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company's stock worth $81,057,000 after purchasing an additional 3,503,006 shares during the period. T. Rowe Price Investment Management Inc. purchased a new position in Under Armour during the fourth quarter worth approximately $28,249,000. American Century Companies Inc. grew its holdings in Under Armour by 160.5% in the fourth quarter. American Century Companies Inc. now owns 4,013,671 shares of the company's stock valued at $33,233,000 after purchasing an additional 2,472,813 shares during the period. Finally, Norges Bank acquired a new stake in Under Armour in the 4th quarter valued at $11,151,000. Institutional investors and hedge funds own 34.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on UAA shares. Guggenheim reiterated a "neutral" rating on shares of Under Armour in a report on Friday, February 7th. Wall Street Zen lowered Under Armour from a "hold" rating to a "sell" rating in a research note on Saturday. Citigroup dropped their price target on Under Armour from $8.00 to $6.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. UBS Group raised their price objective on Under Armour from $7.00 to $8.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, Barclays lowered their target price on shares of Under Armour from $8.00 to $6.00 and set an "equal weight" rating on the stock in a research note on Monday, May 12th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $7.33.

Under Armour Stock Performance

Shares of UAA traded up $0.21 during mid-day trading on Monday, hitting $6.73. 24,913,262 shares of the company's stock were exchanged, compared to its average volume of 12,676,056. 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 fifty-two week low of $4.78 and a fifty-two week high of $11.89. The business's 50 day moving average is $5.97 and its two-hundred day moving average is $7.51. The firm has a market capitalization of $2.89 billion, a P/E ratio of -23.19 and a beta of 1.54.

Under Armour (NYSE:UAA - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.01. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the business posted $0.11 EPS. The company's revenue was down 11.4% on a year-over-year basis. On average, equities analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Under Armour Profile

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing 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.