CANADA LIFE ASSURANCE Co Purchases 27,060 Shares of Under Armour, Inc. (NYSE:UAA)

CANADA LIFE ASSURANCE Co boosted its position in Under Armour, Inc. (NYSE:UAA) by 23.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 143,113 shares of the company’s stock after acquiring an additional 27,060 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Under Armour were worth $1,185,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA bought a new position in Under Armour in the fourth quarter valued at about $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Under Armour during the fourth quarter worth about $27,000. SBI Securities Co. Ltd. bought a new position in Under Armour during the fourth quarter worth about $40,000. Harbour Investments Inc. boosted its holdings in Under Armour by 438.2% during the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock worth $51,000 after buying an additional 5,000 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Under Armour by 63.2% during the fourth quarter. Versant Capital Management Inc now owns 10,037 shares of the company’s stock worth $83,000 after buying an additional 3,885 shares during the last quarter. Institutional investors own 34.58% of the company’s stock.

Under Armour Stock Up 1.4 %

NYSE:UAA opened at $5.79 on Tuesday. 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, Inc. has a twelve month low of $4.78 and a twelve month high of $11.89. The stock’s 50 day moving average price is $6.28 and its two-hundred day moving average price is $7.89. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of -19.97 and a beta of 1.49.

Under Armour (NYSE:UAA) last issued its earnings results 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 in the prior year, the company posted $0.19 earnings per share. Equities research analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UAA has been the topic of a number of recent analyst reports. Evercore ISI reduced their target price on Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a report on Monday, February 10th. Telsey Advisory Group restated a “market perform” rating and set a $10.00 target price on shares of Under Armour in a report on Thursday, February 6th. Guggenheim restated a “neutral” rating on shares of Under Armour in a report on Friday, February 7th. UBS Group cut their price objective on Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Finally, KGI Securities began coverage on Under Armour in a report on Friday, March 7th. They set a “neutral” rating and a $7.40 price objective on the stock. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $9.06.

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.