KLP Kapitalforvaltning AS Invests $257,000 in Under Armour, Inc. (NYSE:UA)

KLP Kapitalforvaltning AS acquired a new stake in shares of Under Armour, Inc. (NYSE:UA) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 34,400 shares of the company’s stock, valued at approximately $257,000.

Other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Under Armour in the fourth quarter worth about $1,260,000. Boston Partners raised its stake in shares of Under Armour by 1,317.3% during the 4th quarter. Boston Partners now owns 1,722,420 shares of the company’s stock worth $12,852,000 after acquiring an additional 1,600,893 shares in the last quarter. ABC Arbitrage SA purchased a new stake in Under Armour during the fourth quarter valued at approximately $819,000. BNP Paribas Financial Markets boosted its stake in Under Armour by 781.7% in the third quarter. BNP Paribas Financial Markets now owns 125,230 shares of the company’s stock valued at $1,047,000 after acquiring an additional 111,027 shares in the last quarter. Finally, XTX Topco Ltd grew its holdings in Under Armour by 307.5% in the third quarter. XTX Topco Ltd now owns 108,788 shares of the company’s stock worth $909,000 after purchasing an additional 82,089 shares during the last quarter. Institutional investors own 36.35% of the company’s stock.

Under Armour Stock Performance

Shares of UA stock opened at $5.09 on Monday. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The company has a market cap of $2.19 billion, a PE ratio of -17.55 and a beta of 1.60. Under Armour, Inc. has a 12-month low of $4.62 and a 12-month high of $10.62. The business’s fifty day simple moving average is $6.53 and its 200-day simple moving average is $7.56.

Under Armour (NYSE:UA) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.08 EPS 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 period in the previous year, the firm earned $0.25 earnings per share.

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.