Formula Growth Ltd. Grows Stock Position in Under Armour, Inc. (NYSE:UA)

Formula Growth Ltd. raised its stake in Under Armour, Inc. (NYSE:UA - Free Report) by 58.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,000,000 shares of the company's stock after acquiring an additional 370,000 shares during the quarter. Under Armour comprises 2.5% of Formula Growth Ltd.'s holdings, making the stock its 2nd largest position. Formula Growth Ltd. owned 0.23% of Under Armour worth $7,460,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of UA. Barclays PLC boosted its holdings in Under Armour by 2.4% in the 3rd quarter. Barclays PLC now owns 304,273 shares of the company's stock valued at $2,544,000 after purchasing an additional 7,108 shares during the period. Oak Thistle LLC acquired a new stake in shares of Under Armour in the fourth quarter valued at approximately $248,000. Assenagon Asset Management S.A. bought a new stake in shares of Under Armour in the fourth quarter valued at approximately $2,983,000. Sugar Maple Asset Management LLC acquired a new stake in Under Armour during the fourth quarter worth approximately $45,000. Finally, SG Americas Securities LLC increased its stake in Under Armour by 159.8% during the 4th quarter. SG Americas Securities LLC now owns 36,490 shares of the company's stock worth $272,000 after acquiring an additional 22,442 shares during the period. 36.35% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Price Performance

Shares of NYSE:UA traded up $0.10 during trading on Thursday, reaching $5.56. 1,345,034 shares of the company traded hands, compared to its average volume of 4,149,435. 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 52 week low of $4.62 and a 52 week high of $10.62. The firm has a market capitalization of $2.39 billion, a PE ratio of -19.18 and a beta of 1.45. The company's 50 day moving average is $5.96 and its two-hundred day moving average is $7.28.

Under Armour (NYSE:UA - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.08 earnings per share (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 in the prior year, the business earned $0.25 EPS.

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.