12,458 Shares in Under Armour Inc (NYSE:UAA) Acquired by AlphaCrest Capital Management LLC

AlphaCrest Capital Management LLC bought a new stake in Under Armour Inc (NYSE:UAA) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,458 shares of the company’s stock, valued at approximately $263,000.

Several other hedge funds have also recently made changes to their positions in the company. Piedmont Investment Advisors Inc. raised its holdings in shares of Under Armour by 3.8% in the first quarter. Piedmont Investment Advisors Inc. now owns 13,473 shares of the company’s stock valued at $285,000 after purchasing an additional 498 shares during the last quarter. Biondo Investment Advisors LLC increased its holdings in Under Armour by 0.3% during the fourth quarter. Biondo Investment Advisors LLC now owns 167,640 shares of the company’s stock worth $2,924,000 after buying an additional 520 shares during the last quarter. Brown Advisory Securities LLC increased its holdings in Under Armour by 5.4% during the fourth quarter. Brown Advisory Securities LLC now owns 14,382 shares of the company’s stock worth $259,000 after buying an additional 741 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Under Armour by 7.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,979 shares of the company’s stock worth $232,000 after buying an additional 744 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Under Armour by 1.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 63,582 shares of the company’s stock worth $1,344,000 after buying an additional 757 shares during the last quarter. Institutional investors own 37.96% of the company’s stock.

Shares of NYSE:UAA opened at $27.07 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.02 and a quick ratio of 1.22. The stock has a market cap of $12.00 billion, a price-to-earnings ratio of 100.26, a price-to-earnings-growth ratio of 3.13 and a beta of 0.43. Under Armour Inc has a twelve month low of $16.52 and a twelve month high of $27.11.

Under Armour (NYSE:UAA) last issued its earnings results on Thursday, May 2nd. The company reported $0.05 earnings per share for the quarter. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. Under Armour had a net margin of 0.12% and a return on equity of 7.17%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. Analysts predict that Under Armour Inc will post 0.35 EPS for the current fiscal year.

A number of analysts recently issued reports on the stock. Wells Fargo & Co raised their price objective on shares of Under Armour from $22.00 to $26.00 and gave the stock a “market perform” rating in a report on Thursday. ValuEngine upgraded shares of Under Armour from a “hold” rating to a “buy” rating in a report on Thursday, May 23rd. JPMorgan Chase & Co. upgraded shares of Under Armour from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $23.00 to $29.00 in a report on Friday, May 17th. Zacks Investment Research upgraded shares of Under Armour from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Wednesday, May 8th. Finally, Credit Suisse Group restated a “neutral” rating and set a $26.00 price objective on shares of Under Armour in a report on Tuesday, April 30th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $23.53.

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Under Armour Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold.

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Institutional Ownership by Quarter for Under Armour (NYSE:UAA)

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