Alyeska Investment Group L.P. raised its holdings in Under Armour, Inc. (NYSE:UAA - Free Report) by 55.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,789,553 shares of the company's stock after purchasing an additional 3,503,006 shares during the period. Alyeska Investment Group L.P. owned about 2.26% of Under Armour worth $81,057,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in UAA. Compagnie Lombard Odier SCmA acquired a new position in Under Armour in the 4th quarter valued at about $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Under Armour in the fourth quarter valued at approximately $27,000. SBI Securities Co. Ltd. acquired a new stake in Under Armour during the fourth quarter worth $40,000. Harbour Investments Inc. raised its position in Under Armour by 438.2% in the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company's stock valued at $51,000 after purchasing an additional 5,000 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Under Armour by 63.2% in the 4th quarter. Versant Capital Management Inc now owns 10,037 shares of the company's stock valued at $83,000 after purchasing an additional 3,885 shares during the last quarter. 34.58% of the stock is currently owned by hedge funds and other institutional investors.
Under Armour Stock Performance
NYSE UAA traded up $0.25 on Thursday, hitting $5.97. The stock had a trading volume of 11,885,971 shares, compared to its average volume of 12,382,871. Under Armour, Inc. has a one year low of $4.78 and a one year high of $11.89. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of -20.59 and a beta of 1.54. The company's 50-day moving average is $6.11 and its two-hundred day moving average is $7.74. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30.
Under Armour (NYSE:UAA - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same quarter in the previous year, the firm posted $0.19 EPS. On average, analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on UAA. StockNews.com upgraded shares of Under Armour from a "sell" rating to a "hold" rating in a report on Thursday, March 20th. Argus cut Under Armour from a "buy" rating to a "hold" rating in a report on Thursday, January 16th. Telsey Advisory Group cut their price target on shares of Under Armour from $10.00 to $7.00 and set a "market perform" rating on the stock in a research note on Wednesday. Citigroup decreased their target price on Under Armour from $8.00 to $6.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Finally, Stifel Nicolaus cut their price target on Under Armour from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $7.99.
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About Under Armour
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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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