Under Armour, Inc. (NYSE:UAA) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its holdings in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 48.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 613,917 shares of the company's stock after purchasing an additional 199,348 shares during the period. BNP Paribas Financial Markets owned 0.14% of Under Armour worth $5,470,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of UAA. Price T Rowe Associates Inc. MD boosted its stake in Under Armour by 7.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 93,829 shares of the company's stock worth $693,000 after purchasing an additional 6,107 shares during the period. Jane Street Group LLC raised its position in Under Armour by 40.5% during the 1st quarter. Jane Street Group LLC now owns 562,031 shares of the company's stock worth $4,148,000 after buying an additional 162,013 shares during the last quarter. Simplicity Wealth LLC raised its position in Under Armour by 3.9% during the 2nd quarter. Simplicity Wealth LLC now owns 361,278 shares of the company's stock worth $2,410,000 after buying an additional 13,535 shares during the last quarter. Lecap Asset Management Ltd. purchased a new position in Under Armour during the 2nd quarter worth $344,000. Finally, Optas LLC purchased a new position in Under Armour during the 2nd quarter worth $72,000. Institutional investors and hedge funds own 34.58% of the company's stock.

Under Armour Stock Down 0.2 %

Shares of Under Armour stock traded down $0.02 during mid-day trading on Wednesday, hitting $10.16. 4,328,825 shares of the stock were exchanged, compared to its average volume of 10,147,578. Under Armour, Inc. has a twelve month low of $6.17 and a twelve month high of $11.89. The company has a 50-day simple moving average of $9.15 and a 200 day simple moving average of $7.88. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24.

Insiders Place Their Bets

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the firm's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $8.81, for a total transaction of $84,919.59. Following the sale, the insider now directly owns 172,899 shares of the company's stock, valued at $1,523,240.19. This trade represents a 5.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David Bergman sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total transaction of $272,700.00. Following the completion of the sale, the chief financial officer now directly owns 494,210 shares in the company, valued at $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 have sold 56,879 shares of company stock valued at $508,642 in the last ninety days. Insiders own 15.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wedbush upped their price objective on shares of Under Armour from $8.00 to $8.50 and gave the stock an "outperform" rating in a research report on Friday, August 9th. Barclays upped their price objective on shares of Under Armour from $8.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. UBS Group increased their price target on shares of Under Armour from $12.00 to $16.00 and gave the company a "buy" rating in a report on Friday, November 8th. Argus upgraded shares of Under Armour to a "strong-buy" rating in a report on Thursday, August 15th. Finally, TD Cowen increased their price target on shares of Under Armour from $7.00 to $8.00 and gave the company a "hold" rating in a report on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $9.03.

Under Armour 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.