American Century Companies Inc. Raises Position in Under Armour, Inc. (NYSE:UAA)

American Century Companies Inc. boosted its position in shares of Under Armour, Inc. (NYSE:UAA) by 160.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,013,671 shares of the company’s stock after buying an additional 2,472,813 shares during the period. American Century Companies Inc.’s holdings in Under Armour were worth $33,233,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in UAA. Empowered Funds LLC purchased a new stake in shares of Under Armour during the fourth quarter worth approximately $412,000. Bank of New York Mellon Corp boosted its stake in Under Armour by 11.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,431,487 shares of the company’s stock worth $11,853,000 after purchasing an additional 150,958 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Under Armour by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,815,640 shares of the company’s stock worth $39,873,000 after buying an additional 84,802 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Under Armour by 48.1% in the third quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock worth $5,470,000 after buying an additional 199,348 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Under Armour by 74.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 235,275 shares of the company’s stock worth $1,948,000 after acquiring an additional 100,554 shares during the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. UBS Group cut their price objective on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Morgan Stanley reiterated an “underweight” rating and set a $4.00 price objective on shares of Under Armour in a research report on Friday, December 13th. Needham & Company LLC restated a “hold” rating on shares of Under Armour in a report on Friday, February 7th. TD Cowen lifted their price target on Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Finally, Argus cut shares of Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $9.06.

Under Armour Stock Down 0.7 %

Shares of NYSE:UAA opened at $6.31 on Friday. The firm has a market capitalization of $2.71 billion, a PE ratio of -21.74 and a beta of 1.63. Under Armour, Inc. has a 1 year low of $6.17 and a 1 year high of $11.89. 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’s 50-day moving average is $7.30 and its two-hundred day moving average is $8.29.

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

Under Armour Profile

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.