Cerity Partners LLC Makes New Investment in Under Armour, Inc. (NYSE:UA)

Cerity Partners LLC bought a new stake in Under Armour, Inc. (NYSE:UA) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,963 shares of the company’s stock, valued at approximately $881,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Envestnet Asset Management Inc. purchased a new stake in shares of Under Armour during the first quarter worth approximately $235,000. Cetera Advisor Networks LLC grew its holdings in shares of Under Armour by 43.1% during the first quarter. Cetera Advisor Networks LLC now owns 19,929 shares of the company’s stock worth $310,000 after buying an additional 6,002 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Under Armour by 27.6% during the first quarter. PNC Financial Services Group Inc. now owns 24,134 shares of the company’s stock worth $376,000 after buying an additional 5,226 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Under Armour by 517.2% in the first quarter. Acadian Asset Management LLC now owns 7,444 shares of the company’s stock valued at $115,000 after buying an additional 6,238 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in shares of Under Armour by 22.7% in the first quarter. MetLife Investment Management LLC now owns 58,300 shares of the company’s stock worth $907,000 after buying an additional 10,784 shares in the last quarter. Hedge funds and other institutional investors own 34.30% of the company’s stock.

Under Armour Trading Up 2.5 %

Shares of UA stock opened at $7.06 on Monday. Under Armour, Inc. has a twelve month low of $5.74 and a twelve month high of $11.41. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 8.21 and a beta of 1.63. The company’s 50-day moving average price is $7.03 and its 200-day moving average price is $7.49. The company has a current ratio of 2.04, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UA) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter. Under Armour had a net margin of 6.60% and a return on equity of 13.59%. The firm had revenue of $1.32 billion for the quarter.

Wall Street Analyst Weigh In

Separately, TheStreet cut shares of Under Armour from a “c-” rating to a “d+” rating in a research note on Tuesday, August 8th.

About Under Armour

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.