Nuveen Asset Management LLC Increases Holdings in Under Armour, Inc. (NYSE:UA)

Nuveen Asset Management LLC grew its holdings in Under Armour, Inc. (NYSE:UA) by 58.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,132,175 shares of the company’s stock after acquiring an additional 790,518 shares during the period. Nuveen Asset Management LLC owned about 0.49% of Under Armour worth $15,906,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Fielder Capital Group LLC lifted its position in shares of Under Armour by 17.9% in the fourth quarter. Fielder Capital Group LLC now owns 12,489 shares of the company’s stock valued at $93,000 after acquiring an additional 1,898 shares in the last quarter. Amalgamated Bank lifted its position in shares of Under Armour by 3.5% in the fourth quarter. Amalgamated Bank now owns 62,753 shares of the company’s stock valued at $468,000 after acquiring an additional 2,106 shares in the last quarter. Mariner LLC lifted its position in shares of Under Armour by 9.0% in the fourth quarter. Mariner LLC now owns 35,094 shares of the company’s stock valued at $262,000 after acquiring an additional 2,894 shares in the last quarter. Harbour Investments Inc. lifted its position 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 valued at $26,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Under Armour by 0.3% in the fourth quarter. Bank of New York Mellon Corp now owns 938,078 shares of the company’s stock valued at $6,998,000 after acquiring an additional 3,207 shares in the last quarter. 36.35% of the stock is currently owned by hedge funds and other institutional investors.

Under Armour Trading Up 1.0%

Shares of UA stock opened at $6.26 on Monday. Under Armour, Inc. has a 12-month low of $4.62 and a 12-month high of $10.62. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The stock’s 50-day moving average price is $5.68 and its 200-day moving average price is $6.90. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of -21.59 and a beta of 1.47.

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

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.