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

Proficio Capital Partners LLC acquired a new position in shares of Under Armour, Inc. (NYSE:UAA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 58,680 shares of the company's stock, valued at approximately $486,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UAA. MCF Advisors LLC lifted its stake in Under Armour by 7.6% during the fourth quarter. MCF Advisors LLC now owns 20,187 shares of the company's stock worth $167,000 after purchasing an additional 1,419 shares during the last quarter. Optas LLC increased its position in Under Armour by 5.5% in the 4th quarter. Optas LLC now owns 28,519 shares of the company's stock valued at $236,000 after acquiring an additional 1,484 shares during the period. Nomura Asset Management Co. Ltd. raised its position in Under Armour by 163.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company's stock worth $26,000 after buying an additional 1,800 shares during the last quarter. Amalgamated Bank increased its position in Under Armour by 2.4% during the 4th quarter. Amalgamated Bank now owns 87,534 shares of the company's stock worth $725,000 after purchasing an additional 2,014 shares during the period. Finally, KBC Group NV grew its holdings in Under Armour by 27.5% during the fourth quarter. KBC Group NV now owns 13,588 shares of the company's stock worth $113,000 after acquiring an additional 2,929 shares during the period. Institutional investors and hedge funds own 34.58% of the company's stock.

Under Armour Stock Down 0.7 %

Shares of Under Armour stock traded down $0.05 during trading hours on Friday, hitting $6.31. 9,587,866 shares of the company's stock traded hands, compared to its average volume of 11,161,491. 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 twelve month low of $6.17 and a twelve month high of $11.89. The stock has a 50 day simple moving average of $7.30 and a 200-day simple moving average of $8.29. The company has a market cap of $2.71 billion, a PE ratio of -21.74 and a beta of 1.63.

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Under Armour (NYSE:UAA - Get Free Report) last released 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 period in the prior year, the company posted $0.19 earnings per share. Equities research analysts anticipate that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on UAA shares. Guggenheim reiterated a "neutral" rating on shares of Under Armour in a research report on Friday, February 7th. UBS Group decreased their price objective on Under Armour from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. Evercore ISI lowered their price target 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. KGI Securities started coverage on Under Armour in a report on Friday, March 7th. They set a "neutral" rating and a $7.40 price objective on the stock. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Under Armour in a report on Friday, February 7th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $9.06.

Under Armour Company Profile

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.