Under Armour, Inc. (NYSE:UA) is Formula Growth Ltd.’s 2nd Largest Position

Formula Growth Ltd. boosted its stake in shares of Under Armour, Inc. (NYSE:UA) by 58.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,000,000 shares of the company’s stock after buying an additional 370,000 shares during the quarter. Under Armour makes up approximately 2.5% of Formula Growth Ltd.’s investment portfolio, making the stock its 2nd biggest holding. Formula Growth Ltd.’s holdings in Under Armour were worth $7,460,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of UA. Farringdon Capital Ltd. bought a new position in shares of Under Armour during the fourth quarter valued at approximately $3,133,000. Marshall Wace LLP purchased a new position in Under Armour during the 4th quarter valued at $5,757,000. Mariner LLC grew its position in Under Armour by 9.0% in the 4th quarter. Mariner LLC now owns 35,094 shares of the company’s stock valued at $262,000 after acquiring an additional 2,894 shares during the last quarter. Barclays PLC lifted its position in shares of Under Armour by 12.1% during the fourth quarter. Barclays PLC now owns 341,222 shares of the company’s stock worth $2,545,000 after purchasing an additional 36,949 shares during the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of Under Armour during the fourth quarter valued at $402,000. 36.35% of the stock is currently owned by institutional investors.

Under Armour Trading Up 3.5 %

NYSE UA opened at $5.47 on Friday. Under Armour, Inc. has a 12 month low of $4.62 and a 12 month high of $10.62. The company’s 50-day moving average price is $6.03 and its 200-day moving average price is $7.34. The stock has a market cap of $2.35 billion, a PE ratio of -18.84 and a beta of 1.45. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UA) last issued its earnings results on Thursday, February 13th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same quarter last year, the firm earned $0.25 EPS.

About Under Armour

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.