Crestline Management LP Makes New $219,000 Investment in Under Armour, Inc. (NYSE:UAA)

Crestline Management LP acquired a new position in Under Armour, Inc. (NYSE:UAA) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 26,400 shares of the company’s stock, valued at approximately $219,000.

A number of other hedge funds also recently modified their holdings of UAA. Harbor Capital Advisors Inc. lifted its position in shares of Under Armour by 40.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 66,001 shares of the company’s stock worth $546,000 after acquiring an additional 18,906 shares during the period. Marcum Wealth LLC bought a new stake in shares of Under Armour in the 4th quarter worth approximately $395,000. Kera Capital Partners Inc. bought a new stake in shares of Under Armour in the 4th quarter worth approximately $189,000. M.E. Allison & CO. Inc. bought a new stake in shares of Under Armour in the 4th quarter worth approximately $156,000. Finally, MCF Advisors LLC lifted its position in shares of Under Armour by 7.6% in the 4th quarter. MCF Advisors LLC now owns 20,187 shares of the company’s stock worth $167,000 after acquiring an additional 1,419 shares during the period. Institutional investors own 34.58% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on UAA shares. Barclays reduced their price objective on Under Armour from $11.00 to $8.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Argus lowered Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. KGI Securities initiated coverage on Under Armour in a research note on Friday, March 7th. They issued a “neutral” rating and a $7.40 price target on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research note on Friday, February 7th. Finally, Evercore ISI decreased their price target on Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a research note on Monday, February 10th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $7.99.

Under Armour Trading Down 1.7%

Shares of UAA opened at $5.84 on Monday. The stock has a fifty day moving average price of $6.08 and a two-hundred day moving average price of $7.68. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. Under Armour, Inc. has a 52-week low of $4.78 and a 52-week high of $11.89. The company has a market cap of $2.51 billion, a price-to-earnings ratio of -20.14 and a beta of 1.54.

Under Armour (NYSE:UAA) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share (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 in the prior year, the business posted $0.19 earnings per share. Analysts predict that Under Armour, Inc. will post 0.3 EPS 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.