Kestra Investment Management LLC Makes New $214,000 Investment in Under Armour, Inc. (NYSE:UAA)

Kestra Investment Management LLC purchased a new position in Under Armour, Inc. (NYSE:UAA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 25,858 shares of the company’s stock, valued at approximately $214,000.

Several other hedge funds have also recently made changes to their positions in the company. FMR LLC grew its stake in Under Armour by 144,746.6% during the 3rd quarter. FMR LLC now owns 9,659,823 shares of the company’s stock valued at $86,069,000 after purchasing an additional 9,653,154 shares during the last quarter. Pacer Advisors Inc. boosted its position in Under Armour by 33,725.1% in the third quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock valued at $85,526,000 after buying an additional 9,570,512 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its position in Under Armour by 6.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock valued at $51,149,000 after buying an additional 327,979 shares during the last quarter. Verition Fund Management LLC increased its holdings in Under Armour by 27.2% in the 3rd quarter. Verition Fund Management LLC now owns 1,258,342 shares of the company’s stock worth $11,212,000 after buying an additional 269,281 shares during the period. Finally, Quantinno Capital Management LP raised its position in Under Armour by 195.8% during the 3rd quarter. Quantinno Capital Management LP now owns 903,257 shares of the company’s stock worth $8,048,000 after buying an additional 597,943 shares during the last quarter. 34.58% of the stock is owned by institutional investors and hedge funds.

Under Armour Stock Up 0.3 %

Shares of NYSE UAA opened at $7.25 on Thursday. Under Armour, Inc. has a 52-week low of $6.17 and a 52-week high of $11.89. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The company’s 50-day simple moving average is $8.15 and its 200-day simple moving average is $8.49. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of -24.98 and a beta of 1.69.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.08 EPS for the quarter, topping 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 last year, the company posted $0.19 earnings per share. Equities analysts predict that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Analyst Ratings Changes

UAA has been the topic of several recent research reports. Robert W. Baird upped their price objective on shares of Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Guggenheim reaffirmed a “neutral” rating on shares of Under Armour in a report on Friday, February 7th. Evercore ISI cut their price target 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. UBS Group decreased their price objective on Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Finally, TD Cowen raised their target price on Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Under Armour presently has an average rating of “Hold” and a consensus target price of $9.09.

Insider Buying and Selling

In other Under Armour news, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the sale, the chief financial officer now owns 494,210 shares of the company’s stock, valued at $4,492,368.90. The trade was a 5.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 15.60% of the stock is owned by company insiders.

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.