Norges Bank Takes Position in Under Armour, Inc. (NYSE:UA)

Norges Bank bought a new position in shares of Under Armour, Inc. (NYSE:UA) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,505,069 shares of the company’s stock, valued at approximately $18,688,000. Norges Bank owned about 0.58% of Under Armour at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbour Investments Inc. boosted its stake in shares of Under Armour by 592.9% during the 4th quarter. Harbour Investments Inc. now owns 3,506 shares of the company’s stock worth $26,000 after acquiring an additional 3,000 shares during the period. Sugar Maple Asset Management LLC bought a new position in Under Armour during the fourth quarter worth $45,000. Kercheville Advisors LLC bought a new position in shares of Under Armour in the fourth quarter valued at about $75,000. Sigma Planning Corp acquired a new stake in shares of Under Armour during the 4th quarter worth about $82,000. Finally, Fielder Capital Group LLC boosted its holdings in shares of Under Armour by 17.9% during the 4th quarter. Fielder Capital Group LLC now owns 12,489 shares of the company’s stock worth $93,000 after buying an additional 1,898 shares during the period. 36.35% of the stock is owned by institutional investors.

Under Armour Stock Down 0.5 %

Shares of UA opened at $5.08 on Tuesday. The firm’s 50-day simple moving average is $6.48 and its 200 day simple moving average is $7.54. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. The firm has a market cap of $2.18 billion, a P/E ratio of -17.50 and a beta of 1.45. Under Armour, Inc. has a 52 week low of $4.62 and a 52 week high of $10.62.

Under Armour (NYSE:UA) last posted its earnings results on Thursday, February 13th. The company reported $0.08 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the business earned $0.25 EPS.

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.