Avantax Advisory Services Inc. Buys New Position in Under Armour, Inc. (NYSE:UA)

Avantax Advisory Services Inc. purchased a new position in shares of Under Armour, Inc. (NYSE:UA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,800 shares of the company’s stock, valued at approximately $110,000.

A number of other hedge funds and other institutional investors have also modified their holdings of UA. Wealthfront Advisers LLC acquired a new stake in Under Armour in the 4th quarter worth about $750,000. Edgestream Partners L.P. acquired a new stake in shares of Under Armour in the fourth quarter worth approximately $2,342,000. Raymond James Financial Inc. purchased a new stake in Under Armour in the fourth quarter valued at approximately $1,260,000. Proficio Capital Partners LLC acquired a new position in Under Armour during the fourth quarter worth approximately $149,000. Finally, Jones Financial Companies Lllp raised its stake in Under Armour by 118.1% during the fourth quarter. Jones Financial Companies Lllp now owns 21,017 shares of the company’s stock worth $157,000 after purchasing an additional 11,379 shares during the period. 36.35% of the stock is currently owned by hedge funds and other institutional investors.

Under Armour Stock Up 0.4 %

Shares of UA opened at $6.04 on Friday. The firm has a market cap of $2.59 billion, a PE ratio of -20.81 and a beta of 1.60. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The company’s fifty day moving average is $6.74 and its two-hundred day moving average is $7.60. Under Armour, Inc. has a fifty-two week low of $5.93 and a fifty-two week high of $10.62.

Under Armour (NYSE:UA) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 prior year, the firm 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.