Commonwealth Equity Services LLC Purchases 22,826 Shares of Under Armour, Inc. (NYSE:UA)

Commonwealth Equity Services LLC raised its holdings in Under Armour, Inc. (NYSE:UA) by 12.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 204,843 shares of the company’s stock after purchasing an additional 22,826 shares during the period. Commonwealth Equity Services LLC’s holdings in Under Armour were worth $1,338,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BDT Capital Partners LLC lifted its position in shares of Under Armour by 22.6% during the fourth quarter. BDT Capital Partners LLC now owns 42,953,937 shares of the company’s stock worth $358,665,000 after acquiring an additional 7,919,165 shares in the last quarter. Norges Bank bought a new position in Under Armour in the fourth quarter valued at $19,686,000. Private Advisor Group LLC increased its stake in Under Armour by 10.3% in the fourth quarter. Private Advisor Group LLC now owns 17,591 shares of the company’s stock valued at $147,000 after acquiring an additional 1,646 shares during the last quarter. Profit Investment Management LLC increased its stake in Under Armour by 26.3% in the first quarter. Profit Investment Management LLC now owns 565,869 shares of the company’s stock valued at $4,040,000 after acquiring an additional 117,996 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new position in shares of Under Armour during the first quarter valued at about $1,217,000. Hedge funds and other institutional investors own 36.35% of the company’s stock.

Under Armour Stock Performance

Under Armour stock opened at $7.24 on Monday. The company has a current ratio of 1.73, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average of $7.13 and a 200-day moving average of $6.93. The firm has a market cap of $3.13 billion, a P/E ratio of 13.66 and a beta of 1.64. Under Armour, Inc. has a 1-year low of $5.86 and a 1-year high of $8.99.

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

Wall Street Analysts Forecast Growth

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

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.