17,075 Shares in Under Armour, Inc. (NYSE:UA) Bought by Ridgewood Investments LLC

Ridgewood Investments LLC bought a new stake in Under Armour, Inc. (NYSE:UA) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 17,075 shares of the company’s stock, valued at approximately $112,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UA. GAMMA Investing LLC purchased a new position in shares of Under Armour in the 4th quarter worth approximately $25,000. TFO Wealth Partners LLC increased its position in shares of Under Armour by 529,600.0% during the fourth quarter. TFO Wealth Partners LLC now owns 5,297 shares of the company’s stock worth $44,000 after purchasing an additional 5,296 shares in the last quarter. ICA Group Wealth Management LLC acquired a new position in shares of Under Armour during the fourth quarter worth $50,000. Headlands Technologies LLC lifted its holdings in shares of Under Armour by 24,302.4% during the 1st quarter. Headlands Technologies LLC now owns 10,249 shares of the company’s stock valued at $73,000 after purchasing an additional 10,207 shares during the last quarter. Finally, Fielder Capital Group LLC acquired a new stake in shares of Under Armour in the 4th quarter worth $89,000. Hedge funds and other institutional investors own 36.35% of the company’s stock.

Under Armour Stock Performance

UA stock traded down $0.08 during trading on Thursday, reaching $7.47. The company had a trading volume of 3,573,934 shares, compared to its average volume of 3,113,399. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 14.28 and a beta of 1.65. Under Armour, Inc. has a twelve month low of $5.86 and a twelve month high of $8.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.73. The firm has a 50-day simple moving average of $6.95 and a 200-day simple moving average of $7.00.

Analyst Ratings Changes

Separately, Stifel Nicolaus reduced their target price on Under Armour from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Monday, June 24th.

Under Armour Company 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.