Bank of America Corp DE Buys 1,338,376 Shares of Under Armour, Inc. (NYSE:UA)

Bank of America Corp DE increased its stake in Under Armour, Inc. (NYSE:UA) by 617.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,555,160 shares of the company’s stock after acquiring an additional 1,338,376 shares during the period. Bank of America Corp DE owned about 0.36% of Under Armour worth $11,601,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Harbour Investments Inc. grew its stake in shares of Under Armour by 592.9% in the fourth quarter. Harbour Investments Inc. now owns 3,506 shares of the company’s stock worth $26,000 after purchasing an additional 3,000 shares during the last quarter. Bellwether Advisors LLC bought a new stake in shares of Under Armour in the fourth quarter worth about $29,000. Quarry LP bought a new stake in shares of Under Armour in the fourth quarter worth about $30,000. Kercheville Advisors LLC bought a new stake in shares of Under Armour in the fourth quarter worth about $75,000. Finally, Sigma Planning Corp bought a new stake in shares of Under Armour in the fourth quarter worth about $82,000. Institutional investors own 36.35% of the company’s stock.

Under Armour Stock Up 0.2%

NYSE UA opened at $6.20 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. Under Armour, Inc. has a 1 year low of $4.62 and a 1 year high of $10.62. The business’s 50-day moving average is $5.68 and its 200 day moving average is $6.94. The stock has a market capitalization of $2.67 billion, a PE ratio of -21.39 and a beta of 1.47.

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

Under Armour Company 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.