Under Armour, Inc. (NYSE:UAA) Shares Purchased by Optas LLC

Optas LLC lifted its stake in Under Armour, Inc. (NYSE:UAA) by 5.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 28,519 shares of the company’s stock after acquiring an additional 1,484 shares during the period. Optas LLC’s holdings in Under Armour were worth $236,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Sei Investments Co. lifted its stake in shares of Under Armour by 10.2% during the second quarter. Sei Investments Co. now owns 18,989 shares of the company’s stock worth $127,000 after buying an additional 1,764 shares during the period. Algert Global LLC acquired a new stake in Under Armour during the 2nd quarter worth about $127,000. SG Americas Securities LLC grew its stake in Under Armour by 54.1% during the 3rd quarter. SG Americas Securities LLC now owns 115,383 shares of the company’s stock valued at $1,028,000 after purchasing an additional 40,521 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Under Armour by 21.1% in the third quarter. Handelsbanken Fonder AB now owns 52,700 shares of the company’s stock valued at $470,000 after purchasing an additional 9,200 shares during the period. Finally, CWM LLC raised its stake in shares of Under Armour by 20.7% in the third quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after purchasing an additional 1,409 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Mehri Shadman sold 9,639 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $8.81, for a total transaction of $84,919.59. Following the completion of the sale, the insider now directly owns 172,899 shares in the company, valued at approximately $1,523,240.19. The trade was a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David Bergman sold 30,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the transaction, the chief financial officer now directly owns 494,210 shares of the company’s stock, valued at approximately $4,492,368.90. This represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,879 shares of company stock worth $508,642 in the last 90 days. Insiders own 15.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on UAA. Robert W. Baird increased their price target on shares of Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Wells Fargo & Company increased their price objective on shares of Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. UBS Group lowered their price target on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research note on Friday, December 13th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $10.00 target price on shares of Under Armour in a research note on Friday, January 31st. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Under Armour currently has a consensus rating of “Hold” and a consensus target price of $9.22.

Under Armour Stock Performance

NYSE:UAA opened at $8.26 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18. The stock has a market capitalization of $3.57 billion, a PE ratio of -275.07 and a beta of 1.69. Under Armour, Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $11.89. The company has a fifty day moving average of $8.74 and a two-hundred day moving average of $8.46.

Under Armour Company Profile

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.