Under Armour, Inc. (NYSE:UAA) Shares Acquired by Moors & Cabot Inc.

Moors & Cabot Inc. lifted its stake in shares of Under Armour, Inc. (NYSE:UAA) by 120.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,976 shares of the company’s stock after purchasing an additional 20,725 shares during the period. Moors & Cabot Inc.’s holdings in Under Armour were worth $314,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. MCF Advisors LLC boosted its holdings in shares of Under Armour by 7.6% during the 4th quarter. MCF Advisors LLC now owns 20,187 shares of the company’s stock worth $167,000 after purchasing an additional 1,419 shares during the last quarter. Optas LLC boosted its holdings in shares of Under Armour by 5.5% during the 4th quarter. Optas LLC now owns 28,519 shares of the company’s stock worth $236,000 after purchasing an additional 1,484 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Under Armour by 163.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock worth $26,000 after purchasing an additional 1,800 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Under Armour by 2.4% during the 4th quarter. Amalgamated Bank now owns 87,534 shares of the company’s stock worth $725,000 after purchasing an additional 2,014 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Under Armour by 27.5% during the 4th quarter. KBC Group NV now owns 13,588 shares of the company’s stock worth $113,000 after purchasing an additional 2,929 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UAA has been the topic of several recent research reports. KGI Securities initiated coverage on Under Armour in a report on Friday, March 7th. They set a “neutral” rating and a $7.40 target price on the stock. TD Cowen upped their price objective on Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a report on Friday, December 13th. Barclays decreased their price objective on Under Armour from $11.00 to $8.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Morgan Stanley reiterated an “underweight” rating and issued a $4.00 price objective on shares of Under Armour in a report on Friday, December 13th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $10.00 price target on shares of Under Armour in a research note on Thursday, February 6th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $9.06.

Under Armour Stock Down 4.6 %

Under Armour stock opened at $6.73 on Friday. Under Armour, Inc. has a twelve month low of $6.17 and a twelve month high of $11.89. The stock’s fifty day simple moving average is $7.64 and its 200-day simple moving average is $8.38. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $2.89 billion, a P/E ratio of -23.19 and a beta of 1.63.

Under Armour (NYSE:UAA) last posted its earnings results 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 positive return on equity of 11.03% and a negative net margin of 2.39%. During the same period last year, the firm earned $0.19 EPS. As a group, equities analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal 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.