Norges Bank acquired a new position in Under Armour, Inc. (NYSE:UA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,505,069 shares of the company's stock, valued at approximately $18,688,000. Norges Bank owned about 0.58% of Under Armour at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Harbour Investments Inc. boosted its position in Under Armour by 592.9% during the 4th 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. Sugar Maple Asset Management LLC acquired a new stake in shares of Under Armour during the 4th quarter valued at $45,000. Kercheville Advisors LLC purchased a new position in shares of Under Armour during the 4th quarter valued at $75,000. Sigma Planning Corp acquired a new position in shares of Under Armour in the fourth quarter worth $82,000. Finally, Fielder Capital Group LLC raised its stake in shares of Under Armour by 17.9% during the 4th quarter. Fielder Capital Group LLC now owns 12,489 shares of the company's stock worth $93,000 after purchasing an additional 1,898 shares in the last quarter. 36.35% of the stock is currently owned by institutional investors.
Under Armour Stock Up 0.3 %
NYSE UA traded up $0.02 during trading on Friday, reaching $5.00. The company's stock had a trading volume of 3,161,672 shares, compared to its average volume of 3,504,509. 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, Inc. has a 1-year low of $4.62 and a 1-year high of $10.62. The business has a 50-day moving average price of $6.19 and a 200-day moving average price of $7.43. The stock has a market capitalization of $2.15 billion, a PE ratio of -17.22 and a beta of 1.45.
Under Armour (NYSE:UA - Get Free Report) last announced its earnings results 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 positive return on equity of 11.03% and a negative net margin of 2.39%. During the same quarter in the previous year, the company earned $0.25 earnings per share.
Under Armour Profile
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Free Report)
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.
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