Centiva Capital LP purchased a new stake in shares of Under Armour, Inc. (NYSE:UAA - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 73,701 shares of the company's stock, valued at approximately $657,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Under Armour during the third quarter worth $56,000. Optas LLC purchased a new stake in Under Armour in the 2nd quarter valued at about $72,000. CWM LLC grew its stake in Under Armour by 20.7% in the 3rd quarter. CWM LLC now owns 8,211 shares of the company's stock worth $73,000 after acquiring an additional 1,409 shares in the last quarter. Koss Olinger Consulting LLC bought a new position in Under Armour in the 2nd quarter worth about $79,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Under Armour during the second quarter worth approximately $80,000. 34.58% of the stock is owned by hedge funds and other institutional investors.
Under Armour Stock Performance
Shares of Under Armour stock traded up $0.09 during midday trading on Friday, hitting $10.12. The company had a trading volume of 9,759,091 shares, compared to its average volume of 10,816,627. The company has a fifty day simple moving average of $9.24 and a 200 day simple moving average of $7.95. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of -337.22, a PEG ratio of 3.80 and a beta of 1.69. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. Under Armour, Inc. has a 12-month low of $6.17 and a 12-month high of $11.89.
Insider Buying and Selling at Under Armour
In other news, insider Mehri Shadman sold 17,240 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $8.76, for a total value of $151,022.40. Following the completion of the transaction, the insider now directly owns 182,538 shares in the company, valued at $1,599,032.88. This trade represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the sale, the chief financial officer now directly owns 494,210 shares of the company's stock, valued at $4,492,368.90. This trade represents a 5.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,879 shares of company stock worth $508,642. 15.60% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. TD Cowen boosted their price target on Under Armour from $7.00 to $8.00 and gave the company a "hold" rating in a report on Monday, November 4th. Barclays increased their price target on Under Armour from $8.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. Wedbush lifted their price objective on Under Armour from $8.00 to $8.50 and gave the company an "outperform" rating in a report on Friday, August 9th. Stifel Nicolaus upped their price objective on shares of Under Armour from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Friday, August 9th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $8.00 target price on shares of Under Armour in a research report on Monday, November 4th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Under Armour has an average rating of "Hold" and an average target price of $9.03.
Check Out Our Latest Research Report on UAA
Under Armour Company Profile
(
Free Report)
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.
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