Algert Global LLC Takes Position in Under Armour, Inc. (NYSE:UA)

Algert Global LLC acquired a new position in shares of Under Armour, Inc. (NYSE:UA) in the 2nd quarter, HoldingsChannel reports. The firm acquired 14,934 shares of the company’s stock, valued at approximately $98,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC increased its position in shares of Under Armour by 31.1% in the 2nd quarter. CWM LLC now owns 12,628 shares of the company’s stock valued at $82,000 after purchasing an additional 2,995 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in shares of Under Armour by 16.5% in the first quarter. Concurrent Investment Advisors LLC now owns 21,537 shares of the company’s stock valued at $154,000 after buying an additional 3,045 shares in the last quarter. Resonant Capital Advisors LLC raised its stake in shares of Under Armour by 16.2% during the 2nd quarter. Resonant Capital Advisors LLC now owns 25,705 shares of the company’s stock worth $168,000 after buying an additional 3,582 shares during the last quarter. Summit Financial Strategies Inc. lifted its holdings in shares of Under Armour by 24.9% in the second quarter. Summit Financial Strategies Inc. now owns 19,415 shares of the company’s stock valued at $127,000 after purchasing an additional 3,868 shares in the last quarter. Finally, Profit Investment Management LLC grew its holdings in Under Armour by 0.7% during the 2nd quarter. Profit Investment Management LLC now owns 569,878 shares of the company’s stock valued at $3,721,000 after buying an additional 4,009 shares during the last quarter. Institutional investors and hedge funds own 36.35% of the company’s stock.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lowered their price target on shares of Under Armour from $10.00 to $9.00 and set a “buy” rating for the company in a report on Monday, June 24th.

Under Armour Price Performance

Under Armour stock opened at $7.88 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.73. The company has a market cap of $3.41 billion, a price-to-earnings ratio of -41.47 and a beta of 1.64. Under Armour, Inc. has a 1 year low of $6.02 and a 1 year high of $8.99. The firm has a 50 day moving average price of $7.63 and a 200 day moving average price of $6.97.

Under Armour (NYSE:UA) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.10. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The business had revenue of $1.18 billion for the quarter. Sell-side analysts predict that Under Armour, Inc. will post 0.2 earnings per share for the current year.

Under Armour Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.