Raymond James Financial Inc. Buys Shares of 168,904 Under Armour, Inc. (NYSE:UA)

Raymond James Financial Inc. acquired a new position in Under Armour, Inc. (NYSE:UA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 168,904 shares of the company’s stock, valued at approximately $1,260,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sugar Maple Asset Management LLC acquired a new position in Under Armour during the fourth quarter valued at $45,000. Kercheville Advisors LLC purchased a new stake in Under Armour during the fourth quarter worth $75,000. Sigma Planning Corp acquired a new stake in shares of Under Armour during the 4th quarter valued at about $82,000. Fielder Capital Group LLC increased its position in shares of Under Armour by 17.9% in the fourth quarter. Fielder Capital Group LLC now owns 12,489 shares of the company’s stock valued at $93,000 after buying an additional 1,898 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Under Armour during the 4th quarter worth approximately $149,000. Hedge funds and other institutional investors own 36.35% of the company’s stock.

Under Armour Price Performance

UA opened at $6.32 on Thursday. The stock’s 50-day moving average price is $6.63 and its 200 day moving average price is $7.59. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of -21.79 and a beta of 1.60. Under Armour, Inc. has a 12-month low of $5.85 and a 12-month high of $10.62.

Under Armour (NYSE:UA) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.08 earnings per share for the quarter, beating 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 period in the previous year, the firm earned $0.25 earnings per share.

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.