Crestline Management LP Makes New Investment in Under Armour, Inc. (NYSE:UA)

Crestline Management LP bought a new position in Under Armour, Inc. (NYSE:UA) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 29,600 shares of the company’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Fielder Capital Group LLC lifted its stake in Under Armour by 17.9% in the 4th quarter. Fielder Capital Group LLC now owns 12,489 shares of the company’s stock worth $93,000 after purchasing an additional 1,898 shares in the last quarter. Amalgamated Bank grew its position in Under Armour by 3.5% in the fourth quarter. Amalgamated Bank now owns 62,753 shares of the company’s stock worth $468,000 after acquiring an additional 2,106 shares in the last quarter. Mariner LLC increased its stake in 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 during the last quarter. Harbour Investments Inc. raised its position in Under Armour by 592.9% during the fourth quarter. Harbour Investments Inc. now owns 3,506 shares of the company’s stock valued at $26,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Under Armour by 0.3% during 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 purchasing 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 Down 1.8%

NYSE UA opened at $5.59 on Monday. The stock’s 50-day simple moving average is $5.73 and its two-hundred day simple moving average is $7.04. Under Armour, Inc. has a twelve month low of $4.62 and a twelve month high of $10.62. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of -19.28 and a beta of 1.47.

Under Armour (NYSE:UA) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.08 earnings per share for the quarter, beating 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 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.