Eisler Capital Management Ltd. Makes New $2.51 Million Investment in Under Armour, Inc. (NYSE:UAA)

Eisler Capital Management Ltd. bought a new stake in Under Armour, Inc. (NYSE:UAA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 310,344 shares of the company’s stock, valued at approximately $2,514,000. Eisler Capital Management Ltd. owned approximately 0.07% of Under Armour as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Everence Capital Management Inc. purchased a new position in Under Armour in the fourth quarter worth $225,000. Harbor Capital Advisors Inc. raised its stake in shares of Under Armour by 40.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 66,001 shares of the company’s stock worth $546,000 after purchasing an additional 18,906 shares during the period. Marcum Wealth LLC purchased a new position in shares of Under Armour in the 4th quarter worth about $395,000. Kera Capital Partners Inc. bought a new position in Under Armour during the fourth quarter valued at about $189,000. Finally, M.E. Allison & CO. Inc. purchased a new stake in Under Armour during the fourth quarter worth about $156,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

Under Armour Trading Up 3.9 %

NYSE UAA opened at $5.95 on Friday. The stock has a 50-day moving average of $6.09 and a 200-day moving average of $7.71. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. Under Armour, Inc. has a 1-year low of $4.78 and a 1-year high of $11.89. The firm has a market cap of $2.56 billion, a PE ratio of -20.50 and a beta of 1.54.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share 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 company earned $0.19 earnings per share. As a group, sell-side analysts forecast that Under Armour, Inc. will post 0.3 EPS for the current year.

Analyst Upgrades and Downgrades

UAA has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of Under Armour from $7.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 30th. Stifel Nicolaus dropped their price objective on Under Armour from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Argus downgraded Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. UBS Group upped their price target on Under Armour from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Finally, KGI Securities initiated coverage on Under Armour in a report on Friday, March 7th. They issued a “neutral” rating and a $7.40 price objective for the company. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $7.99.

About Under Armour

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.