Northern Trust Corp Purchases 229,123 Shares of Under Armour, Inc. (NYSE:UA)

Northern Trust Corp increased its holdings in Under Armour, Inc. (NYSE:UA) by 23.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,226,749 shares of the company’s stock after purchasing an additional 229,123 shares during the quarter. Northern Trust Corp owned approximately 0.28% of Under Armour worth $9,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Harbour Investments Inc. boosted its position in shares of Under Armour by 592.9% during the fourth quarter. Harbour Investments Inc. now owns 3,506 shares of the company’s stock valued at $26,000 after purchasing an additional 3,000 shares in the last quarter. Bellwether Advisors LLC purchased a new position in Under Armour during the fourth quarter valued at $29,000. Quarry LP bought a new stake in shares of Under Armour during the 4th quarter valued at $30,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Under Armour in the 4th quarter worth about $45,000. Finally, Kercheville Advisors LLC bought a new position in shares of Under Armour in the 4th quarter worth about $75,000. Hedge funds and other institutional investors own 36.35% of the company’s stock.

Under Armour Trading Up 2.3%

Shares of NYSE UA opened at $6.35 on Friday. Under Armour, Inc. has a 1 year low of $4.62 and a 1 year high of $10.62. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. The firm has a 50-day moving average of $5.69 and a 200 day moving average of $6.98. The stock has a market cap of $2.73 billion, a P/E ratio of -21.88 and a beta of 1.47.

Under Armour (NYSE:UA) last released its earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.16 billion. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%.

Under Armour Profile

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.