Neo Ivy Capital Management Invests $486,000 in Under Armour, Inc. (NYSE:UA)

Neo Ivy Capital Management purchased a new position in shares of Under Armour, Inc. (NYSE:UA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 65,262 shares of the company’s stock, valued at approximately $486,000.

A number of other institutional investors and hedge funds have also made changes to their positions in UA. Harbour Investments Inc. increased its stake in shares of Under Armour by 592.9% during the fourth quarter. Harbour Investments Inc. now owns 3,506 shares of the company’s stock worth $26,000 after acquiring an additional 3,000 shares during the period. Bellwether Advisors LLC acquired a new position in shares of Under Armour during the fourth quarter worth about $29,000. Quarry LP acquired a new position in shares of Under Armour during the fourth quarter worth about $30,000. Kercheville Advisors LLC acquired a new position in shares of Under Armour during the fourth quarter worth about $75,000. Finally, Sigma Planning Corp acquired a new position in shares of Under Armour during the fourth quarter worth about $82,000. 36.35% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Trading Up 1.0%

Shares of UA opened at $6.26 on Friday. 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’s 50-day moving average is $5.68 and its two-hundred day moving average is $6.93. Under Armour, Inc. has a twelve month low of $4.62 and a twelve month high of $10.62. The firm has a market capitalization of $2.69 billion, a P/E ratio of -21.59 and a beta of 1.47.

Under Armour (NYSE:UA) last issued its earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share for the quarter, hitting the consensus estimate of ($0.08). Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion.

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.