Twinbeech Capital LP Takes $3.73 Million Position in Under Armour, Inc. (NYSE:UAA)

Twinbeech Capital LP bought a new stake in Under Armour, Inc. (NYSE:UAA) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 450,228 shares of the company’s stock, valued at approximately $3,728,000. Twinbeech Capital LP owned 0.10% of Under Armour as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Compagnie Lombard Odier SCmA bought a new stake in shares of Under Armour in the 4th quarter valued at about $25,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Under Armour in the 4th quarter valued at about $27,000. SBI Securities Co. Ltd. bought a new stake in shares of Under Armour in the 4th quarter valued at about $40,000. Harbour Investments Inc. raised its holdings in shares of Under Armour by 438.2% in the 4th quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock valued at $51,000 after purchasing an additional 5,000 shares during the period. Finally, Amundi raised its holdings in shares of Under Armour by 45.3% in the 4th quarter. Amundi now owns 13,540 shares of the company’s stock valued at $110,000 after purchasing an additional 4,223 shares during the period. 34.58% of the stock is owned by institutional investors.

Under Armour Stock Performance

Shares of NYSE:UAA opened at $6.67 on Wednesday. The company’s 50 day moving average price is $5.98 and its two-hundred day moving average price is $7.58. Under Armour, Inc. has a 12-month low of $4.78 and a 12-month high of $11.89. The firm has a market cap of $2.87 billion, a PE ratio of -23.00 and a beta of 1.54. 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 (NYSE:UAA) last announced its earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. The business’s revenue was down 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 EPS. Equities research analysts predict that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on UAA shares. Stifel Nicolaus cut their price objective on shares of Under Armour from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, May 14th. Barclays reduced their price target on Under Armour from $8.00 to $6.00 and set an “equal weight” rating for the company in a research note on Monday, May 12th. Guggenheim restated a “neutral” rating on shares of Under Armour in a research note on Friday, February 7th. BMO Capital Markets reduced their price target on Under Armour from $12.00 to $9.00 and set an “outperform” rating for the company in a research note on Wednesday, May 14th. Finally, Needham & Company LLC restated a “hold” rating on shares of Under Armour in a research note on Wednesday, May 14th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.33.

About Under Armour

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.