Trexquant Investment LP Boosts Stake in Under Armour, Inc. (NYSE:UAA)

Trexquant Investment LP grew its holdings in Under Armour, Inc. (NYSE:UAA) by 179.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 612,159 shares of the company’s stock after purchasing an additional 393,330 shares during the period. Trexquant Investment LP owned approximately 0.14% of Under Armour worth $5,069,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Under Armour by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company’s stock valued at $128,741,000 after buying an additional 263,988 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its stake in shares of Under Armour by 6.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock valued at $51,149,000 after acquiring an additional 327,979 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Under Armour by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,815,640 shares of the company’s stock worth $39,873,000 after acquiring an additional 84,802 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Under Armour by 160.5% during the 4th quarter. American Century Companies Inc. now owns 4,013,671 shares of the company’s stock worth $33,233,000 after purchasing an additional 2,472,813 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Under Armour by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 2,890,105 shares of the company’s stock valued at $23,940,000 after purchasing an additional 9,024 shares during the last quarter. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. Barclays decreased their price target on Under Armour from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Needham & Company LLC restated a “hold” rating on shares of Under Armour in a report on Friday, February 7th. Telsey Advisory Group reiterated a “market perform” rating and set a $10.00 price target on shares of Under Armour in a research note on Thursday, February 6th. Morgan Stanley reissued an “underweight” rating and issued a $4.00 price objective on shares of Under Armour in a research note on Friday, December 13th. Finally, KGI Securities assumed coverage on shares of Under Armour in a report on Friday, March 7th. They issued a “neutral” rating and a $7.40 price objective for the company. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Under Armour has a consensus rating of “Hold” and an average price target of $9.06.

Under Armour Stock Performance

Shares of UAA opened at $5.24 on Friday. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of -18.05 and a beta of 1.49. Under Armour, Inc. has a 52-week low of $4.84 and a 52-week high of $11.89. 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 stock has a 50 day moving average price of $7.05 and a 200 day moving average price of $8.24.

Under Armour (NYSE:UAA) last issued its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business posted $0.19 earnings per share. Research analysts predict that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Under Armour Company Profile

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.