Contravisory Investment Management Inc. Purchases New Position in Under Armour, Inc. (NYSE:UA)


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Contravisory Investment Management Inc. purchased a new stake in Under Armour, Inc. (NYSE:UA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,924 shares of the company’s stock, valued at approximately $311,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. NEXT Financial Group Inc acquired a new position in Under Armour in the third quarter valued at about $32,000. James Investment Research Inc. bought a new position in shares of Under Armour during the 3rd quarter valued at about $61,000. Marshall Wace LLP lifted its holdings in shares of Under Armour by 2,064.9% during the 2nd quarter. Marshall Wace LLP now owns 11,171 shares of the company’s stock valued at $99,000 after purchasing an additional 10,655 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Under Armour in the 3rd quarter valued at approximately $110,000. Finally, Summit Financial Wealth Advisors LLC increased its stake in Under Armour by 5.8% during the 4th quarter. Summit Financial Wealth Advisors LLC now owns 12,708 shares of the company’s stock worth $125,000 after purchasing an additional 694 shares in the last quarter. Institutional investors and hedge funds own 35.20% of the company’s stock.

UA has been the subject of several research analyst reports. Jefferies Financial Group upped their price target on shares of Under Armour from $13.00 to $20.00 and gave the company a “buy” rating in a report on Friday, October 30th. TheStreet raised shares of Under Armour from a “d” rating to a “c-” rating in a research note on Friday, October 30th. Finally, BidaskClub downgraded Under Armour from a “buy” rating to a “hold” rating in a research note on Saturday, January 9th. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $13.25.

Shares of UA stock opened at $15.91 on Thursday. The stock’s fifty day moving average price is $15.07 and its two-hundred day moving average price is $11.60. The company has a market cap of $7.23 billion, a PE ratio of -10.61 and a beta of 1.38. Under Armour, Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $19.32. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.17 and a current ratio of 1.91.

Under Armour (NYSE:UA) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.23. The company had revenue of $1.43 billion for the quarter. Under Armour had a negative return on equity of 8.08% and a negative net margin of 15.21%.

Under Armour Company 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:UA)

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