Jupiter Asset Management Ltd. increased its stake in shares of Under Armour, Inc. (NYSE:UA – Free Report) by 22.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 418,848 shares of the company’s stock after buying an additional 75,862 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.09% of Under Armour worth $2,810,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Under Armour during the first quarter valued at $96,000. Pacer Advisors Inc. acquired a new position in Under Armour during the second quarter valued at $228,000. Cerity Partners LLC acquired a new position in Under Armour during the first quarter valued at $881,000. Values First Advisors Inc. acquired a new position in Under Armour during the second quarter valued at $298,000. Finally, Oak Thistle LLC lifted its position in Under Armour by 134.0% during the second quarter. Oak Thistle LLC now owns 85,250 shares of the company’s stock valued at $572,000 after purchasing an additional 48,812 shares during the period. 34.30% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, TheStreet downgraded shares of Under Armour from a “c-” rating to a “d+” rating in a research report on Tuesday, August 8th.
Under Armour Trading Up 1.1 %
NYSE UA opened at $7.30 on Friday. The company has a market capitalization of $3.25 billion, a PE ratio of 8.02 and a beta of 1.68. The company has a fifty day moving average of $6.54 and a 200 day moving average of $6.83. Under Armour, Inc. has a 1 year low of $5.86 and a 1 year high of $11.41. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.24 and a quick ratio of 1.35.
About Under Armour
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.
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