Alyeska Investment Group L.P. Grows Position in Under Armour, Inc. (NYSE:UAA)

Alyeska Investment Group L.P. boosted its holdings in Under Armour, Inc. (NYSE:UAA - Free Report) by 55.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,789,553 shares of the company's stock after buying an additional 3,503,006 shares during the quarter. Alyeska Investment Group L.P. owned approximately 2.26% of Under Armour worth $81,057,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. FMR LLC lifted its holdings in 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 buying an additional 18,658,128 shares during the period. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Under Armour in the fourth quarter valued at about $28,249,000. American Century Companies Inc. raised its position in shares of Under Armour by 160.5% during the fourth quarter. American Century Companies Inc. now owns 4,013,671 shares of the company's stock worth $33,233,000 after acquiring an additional 2,472,813 shares during the last quarter. Norges Bank acquired a new position in shares of Under Armour in the fourth quarter worth approximately $11,151,000. Finally, Oberweis Asset Management Inc. bought a new stake in Under Armour in the fourth quarter valued at approximately $9,548,000. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Stock Down 3.5 %

UAA traded down $0.21 during mid-day trading on Tuesday, reaching $5.70. 11,131,916 shares of the stock were exchanged, compared to its average volume of 12,352,242. Under Armour, Inc. has a 1 year low of $4.78 and a 1 year high of $11.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. The stock has a market capitalization of $2.45 billion, a PE ratio of -19.64 and a beta of 1.54. The company has a 50 day moving average price of $6.13 and a two-hundred day moving average price of $7.75.

Under Armour (NYSE:UAA - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same period last year, the business posted $0.19 earnings per share. As a group, research analysts anticipate that Under Armour, Inc. will post 0.3 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $10.00 price objective on shares of Under Armour in a research note on Thursday, February 6th. UBS Group increased their price target on Under Armour from $7.00 to $8.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Evercore ISI cut their target price on Under Armour from $8.00 to $7.00 and set an "underperform" rating on the stock in a research report on Monday, February 10th. Guggenheim reiterated a "neutral" rating on shares of Under Armour in a report on Friday, February 7th. Finally, Argus downgraded shares of Under Armour from a "buy" rating to a "hold" rating in a research report on Thursday, January 16th. Three equities research 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 data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $8.18.

Under Armour Company 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.