Bank of New York Mellon Corp Raises Position in Under Armour, Inc. (NYSE:UA)

Bank of New York Mellon Corp raised its holdings in shares of Under Armour, Inc. (NYSE:UA) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 938,078 shares of the company’s stock after acquiring an additional 3,207 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.22% of Under Armour worth $6,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Sigma Planning Corp purchased a new position in shares of Under Armour during the 4th quarter worth $82,000. ABC Arbitrage SA purchased a new position in shares of Under Armour during the 4th quarter valued at $819,000. Kercheville Advisors LLC purchased a new position in shares of Under Armour during the 4th quarter valued at $75,000. Summit Financial Strategies Inc. lifted its stake in shares of Under Armour by 71.0% during the 4th quarter. Summit Financial Strategies Inc. now owns 33,195 shares of the company’s stock valued at $248,000 after buying an additional 13,780 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Under Armour by 159.8% in the fourth quarter. SG Americas Securities LLC now owns 36,490 shares of the company’s stock worth $272,000 after acquiring an additional 22,442 shares during the period. Hedge funds and other institutional investors own 36.35% of the company’s stock.

Under Armour Stock Performance

NYSE:UA opened at $6.24 on Friday. 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 12-month low of $6.02 and a 12-month high of $10.62. The stock has a 50-day moving average price of $6.96 and a 200 day moving average price of $7.70. The stock has a market capitalization of $2.68 billion, a P/E ratio of -21.50 and a beta of 1.60.

Under Armour (NYSE:UA) last released its earnings results on Thursday, February 13th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate 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.

About Under Armour

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.