Brevan Howard Capital Management LP Buys Shares of 30,652 Under Armour, Inc. (NYSE:UAA)

Brevan Howard Capital Management LP bought a new stake in Under Armour, Inc. (NYSE:UAA) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 30,652 shares of the company’s stock, valued at approximately $254,000.

Several other large investors have also modified their holdings of UAA. Compagnie Lombard Odier SCmA acquired a new position in Under Armour in the 4th quarter valued at $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Under Armour during the fourth quarter worth about $27,000. SBI Securities Co. Ltd. acquired a new position in shares of Under Armour during the fourth quarter worth about $40,000. Harbour Investments Inc. raised its holdings in Under Armour by 438.2% during the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock worth $51,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Amundi lifted its position in Under Armour by 45.3% in the fourth quarter. Amundi now owns 13,540 shares of the company’s stock valued at $110,000 after purchasing an additional 4,223 shares during the period. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Under Armour Stock Performance

NYSE UAA opened at $5.84 on Monday. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. Under Armour, Inc. has a fifty-two week low of $4.78 and a fifty-two week high of $11.89. The business has a fifty day moving average of $6.08 and a 200-day moving average of $7.68. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of -20.14 and a beta of 1.54.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same quarter in the previous year, the firm posted $0.19 earnings per share. As a group, analysts predict that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on UAA. Wells Fargo & Company dropped their target price on Under Armour from $7.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 30th. Stifel Nicolaus dropped their price objective on Under Armour from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Citigroup reduced their target price on Under Armour from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Monday, April 28th. Argus lowered shares of Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Finally, StockNews.com upgraded shares of Under Armour from a “sell” rating to a “hold” rating in a report on Thursday, March 20th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $7.99.

About Under Armour

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing 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.