Gateway Wealth Partners LLC Buys New Holdings in Under Armour, Inc. (NYSE:UA)

Gateway Wealth Partners LLC bought a new stake in Under Armour, Inc. (NYSE:UA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,000 shares of the company’s stock, valued at approximately $124,000.

A number of other large investors have also modified their holdings of the company. Norges Bank bought a new stake in Under Armour in the fourth quarter valued at $19,686,000. TFO Wealth Partners LLC grew its position in Under Armour by 529,600.0% in the fourth quarter. TFO Wealth Partners LLC now owns 5,297 shares of the company’s stock valued at $44,000 after acquiring an additional 5,296 shares during the period. BDT Capital Partners LLC grew its position in Under Armour by 22.6% in the fourth quarter. BDT Capital Partners LLC now owns 42,953,937 shares of the company’s stock valued at $358,665,000 after acquiring an additional 7,919,165 shares during the period. EP Wealth Advisors LLC bought a new stake in Under Armour in the fourth quarter valued at $133,000. Finally, ICA Group Wealth Management LLC bought a new stake in Under Armour in the fourth quarter valued at $50,000. 36.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus decreased their target price on Under Armour from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Monday, June 24th.

Under Armour Price Performance

Shares of UA stock opened at $8.38 on Tuesday. The stock’s fifty day moving average is $7.37 and its 200-day moving average is $6.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.73. The stock has a market capitalization of $3.66 billion, a PE ratio of 15.81 and a beta of 1.64. Under Armour, Inc. has a 52 week low of $6.00 and a 52 week high of $8.99.

Under Armour (NYSE:UA) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.10. The business had revenue of $1.18 billion for the quarter. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. Equities research analysts expect that Under Armour, Inc. will post 0.2 EPS for the current fiscal year.

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.