Universal Beteiligungs und Servicegesellschaft mbH Takes $402,000 Position in Under Armour, Inc. (NYSE:UAA)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake of 64,327 shares in Under Armour, Inc. valued at approximately $402,000 during the first quarter.
• Under Armour's recent quarterly earnings reported a loss of ($0.08) EPS, exceeding analysts' expectations, despite revenue declining by 11.4% year-over-year to $1.18 billion.
• Institutional ownership of Under Armour is significant, with hedge funds and other institutional investors holding 34.58% of the company’s stock, reflecting a mix of new purchases and increases in existing positions.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Under Armour, Inc. (NYSE:UAA - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 64,327 shares of the company's stock, valued at approximately $402,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vident Advisory LLC purchased a new position in shares of Under Armour in the fourth quarter valued at about $85,000. Cerity Partners LLC purchased a new position in Under Armour in the 1st quarter worth approximately $66,000. Schonfeld Strategic Advisors LLC bought a new position in Under Armour in the 4th quarter worth approximately $124,000. Baker Avenue Asset Management LP boosted its stake in Under Armour by 51.4% in the 4th quarter. Baker Avenue Asset Management LP now owns 15,591 shares of the company's stock worth $129,000 after purchasing an additional 5,292 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Under Armour by 872.2% during the 1st quarter. GAMMA Investing LLC now owns 16,644 shares of the company's stock valued at $104,000 after buying an additional 14,932 shares in the last quarter. 34.58% of the stock is owned by hedge funds and other institutional investors.

Under Armour Price Performance

Shares of UAA stock opened at $6.56 on Monday. The stock has a 50 day moving average price of $6.84 and a 200 day moving average price of $6.73. Under Armour, Inc. has a 52-week low of $4.78 and a 52-week high of $11.89. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.25 and a current ratio of 2.10. The firm has a market capitalization of $2.82 billion, a P/E ratio of -13.96, a P/E/G ratio of 0.91 and a beta of 1.61.

Under Armour (NYSE:UAA - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. Under Armour had a negative net margin of 3.90% and a positive return on equity of 7.04%. The firm had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same period in the prior year, the business posted $0.11 earnings per share. The business's revenue for the quarter was down 11.4% on a year-over-year basis. As a group, sell-side analysts predict that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Insider Buying and Selling at Under Armour

In related news, insider Mehri Shadman sold 16,287 shares of Under Armour stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total value of $100,002.18. Following the completion of the sale, the insider directly owned 191,796 shares in the company, valued at $1,177,627.44. The trade was a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 15.60% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on UAA. Stifel Nicolaus lowered their target price on shares of Under Armour from $11.00 to $10.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Barclays decreased their price target 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. The Goldman Sachs Group assumed coverage on Under Armour in a research report on Wednesday, July 2nd. They set a "neutral" rating and a $7.00 price objective for the company. Wells Fargo & Company lifted their target price on Under Armour from $4.00 to $5.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $7.00 price target on shares of Under Armour in a research note on Tuesday, May 13th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $7.31.

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.

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