Trexquant Investment LP Raises Position in Under Armour, Inc. (NYSE:UAA)

Trexquant Investment LP increased its stake in Under Armour, Inc. (NYSE:UAA) by 179.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 612,159 shares of the company’s stock after acquiring an additional 393,330 shares during the quarter. Trexquant Investment LP’s holdings in Under Armour were worth $5,069,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA purchased a new stake in Under Armour during the fourth quarter worth $25,000. Nomura Asset Management Co. Ltd. grew its stake in Under Armour by 163.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after acquiring an additional 1,800 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Under Armour in the 4th quarter valued at about $27,000. SBI Securities Co. Ltd. purchased a new position in Under Armour during the 4th quarter valued at about $40,000. Finally, Harbour Investments Inc. raised its position in Under Armour by 438.2% during the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock worth $51,000 after acquiring an additional 5,000 shares during the last quarter. 34.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on UAA shares. TD Cowen raised their price objective on shares of Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Guggenheim reissued a “neutral” rating on shares of Under Armour in a report on Friday, February 7th. Barclays dropped their price objective on Under Armour from $11.00 to $8.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research note on Friday, February 7th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $10.00 price objective on shares of Under Armour in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Under Armour currently has a consensus rating of “Hold” and a consensus target price of $9.06.

Under Armour Trading Down 2.3 %

NYSE UAA opened at $5.24 on Friday. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of -18.05 and a beta of 1.49. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. Under Armour, Inc. has a one year low of $4.84 and a one year high of $11.89. The company’s 50 day moving average price is $7.05 and its 200 day moving average price is $8.24.

Under Armour (NYSE:UAA) last issued its earnings results on Thursday, February 6th. The company reported $0.08 EPS 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 prior year, the firm posted $0.19 EPS. On average, sell-side analysts predict that Under Armour, Inc. will post 0.3 EPS for the current year.

About Under Armour

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing 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.