Proficio Capital Partners LLC Makes New $486,000 Investment in Under Armour, Inc. (NYSE:UAA)

Proficio Capital Partners LLC acquired a new stake in Under Armour, Inc. (NYSE:UAA - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 58,680 shares of the company's stock, valued at approximately $486,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC boosted its stake in Under Armour by 144,746.6% in the 3rd quarter. FMR LLC now owns 9,659,823 shares of the company's stock worth $86,069,000 after purchasing an additional 9,653,154 shares during the period. Quantinno Capital Management LP grew its holdings in shares of Under Armour by 195.8% during the 3rd quarter. Quantinno Capital Management LP now owns 903,257 shares of the company's stock worth $8,048,000 after acquiring an additional 597,943 shares during the period. Disciplined Growth Investors Inc. MN lifted its position in Under Armour by 6.1% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company's stock valued at $51,149,000 after acquiring an additional 327,979 shares during the period. Quantbot Technologies LP grew its stake in shares of Under Armour by 288.1% in the third quarter. Quantbot Technologies LP now owns 423,311 shares of the company's stock worth $3,772,000 after acquiring an additional 314,226 shares during the last quarter. Finally, Verition Fund Management LLC lifted its stake in shares of Under Armour by 27.2% in the third quarter. Verition Fund Management LLC now owns 1,258,342 shares of the company's stock worth $11,212,000 after buying an additional 269,281 shares in the last quarter. Institutional investors own 34.58% of the company's stock.

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Under Armour Trading Down 3.3 %

Shares of NYSE UAA traded down $0.22 during trading on Tuesday, reaching $6.39. The stock had a trading volume of 12,825,542 shares, compared to its average volume of 10,983,528. The business's 50-day moving average price is $7.45 and its 200-day moving average price is $8.34. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. The company has a market cap of $2.75 billion, a P/E ratio of -22.03 and a beta of 1.63. Under Armour, Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $11.89.

Under Armour (NYSE:UAA - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate 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 company earned $0.19 EPS. On average, equities research analysts predict that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Morgan Stanley reiterated an "underweight" rating and set a $4.00 target price on shares of Under Armour in a research report on Friday, December 13th. StockNews.com upgraded shares of Under Armour from a "sell" rating to a "hold" rating in a report on Thursday, March 20th. Evercore ISI cut their price objective on shares of Under Armour from $8.00 to $7.00 and set an "underperform" rating for the company in a report on Monday, February 10th. Telsey Advisory Group restated a "market perform" rating and issued a $10.00 price target on shares of Under Armour in a research report on Thursday, February 6th. Finally, Guggenheim restated a "neutral" rating on shares of Under Armour in a report on Friday, February 7th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $9.06.

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.