Stevens Capital Management LP Invests $174,000 in Under Armour, Inc. (NYSE:UAA)

Stevens Capital Management LP acquired a new stake in Under Armour, Inc. (NYSE:UAA) in the 4th quarter, Holdings Channel reports. The fund acquired 20,993 shares of the company’s stock, valued at approximately $174,000.

A number of other institutional investors also recently bought and sold shares of UAA. Empowered Funds LLC acquired a new stake in Under Armour during the 4th quarter worth about $412,000. Quantbot Technologies LP raised 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 purchasing an additional 314,226 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Under Armour by 11.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,431,487 shares of the company’s stock worth $11,853,000 after purchasing an additional 150,958 shares during the period. Fox Run Management L.L.C. boosted its position in Under Armour by 215.1% in the fourth quarter. Fox Run Management L.L.C. now owns 68,596 shares of the company’s stock valued at $568,000 after buying an additional 46,828 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Under Armour by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,815,640 shares of the company’s stock worth $39,873,000 after buying an additional 84,802 shares during the period. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on UAA. Argus cut shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Needham & Company LLC restated a “hold” rating on shares of Under Armour in a research report on Friday, February 7th. TD Cowen upped their price target on shares of Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a report on Friday, December 13th. Guggenheim reiterated a “neutral” rating on shares of Under Armour in a research note on Friday, February 7th. Finally, KGI Securities initiated coverage on Under Armour in a report on Friday, March 7th. They issued a “neutral” rating and a $7.40 price objective for the company. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Under Armour currently has an average rating of “Hold” and a consensus target price of $9.06.

Under Armour Trading Down 3.3 %

Shares of UAA stock opened at $6.39 on Wednesday. Under Armour, Inc. has a 1-year low of $6.17 and a 1-year high of $11.89. The company has a market cap of $2.75 billion, a price-to-earnings ratio of -22.03 and a beta of 1.63. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. The stock has a 50 day simple moving average of $7.45 and a 200-day simple moving average of $8.34.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share 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 previous year, the firm earned $0.19 earnings per share. On average, equities research analysts expect that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

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.