Cubist Systematic Strategies LLC Acquires New Stake in Under Armour, Inc. (NYSE:UA)

Cubist Systematic Strategies LLC acquired a new stake in Under Armour, Inc. (NYSE:UA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,181 shares of the company’s stock, valued at approximately $128,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fielder Capital Group LLC grew its holdings in 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 acquiring an additional 1,898 shares during the period. Amalgamated Bank grew its holdings in Under Armour by 3.5% during the 4th quarter. Amalgamated Bank now owns 62,753 shares of the company’s stock worth $468,000 after acquiring an additional 2,106 shares during the period. Mariner LLC grew its holdings in Under Armour by 9.0% during the 4th quarter. Mariner LLC now owns 35,094 shares of the company’s stock worth $262,000 after acquiring an additional 2,894 shares during the period. Harbour Investments Inc. grew its holdings in 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. Finally, Bank of New York Mellon Corp grew its holdings in Under Armour by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 938,078 shares of the company’s stock worth $6,998,000 after acquiring an additional 3,207 shares during the period. 36.35% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Stock Performance

Shares of Under Armour stock opened at $6.35 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 business has a 50-day moving average price of $5.69 and a two-hundred day moving average price of $6.98. Under Armour, Inc. has a 1-year low of $4.62 and a 1-year high of $10.62. The company has a market cap of $2.73 billion, a P/E ratio of -21.88 and a beta of 1.47.

Under Armour (NYSE:UA) last released its quarterly earnings data on Tuesday, May 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.08). The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%.

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.