Connor Clark & Lunn Investment Management Ltd. Buys Shares of 190,785 Under Armour, Inc. (NYSE:UAA)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Under Armour, Inc. (NYSE:UAA - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 190,785 shares of the company's stock, valued at approximately $1,700,000.

Several other institutional investors and hedge funds also recently bought and sold shares of UAA. Caprock Group LLC bought a new stake in shares of Under Armour in the third quarter valued at about $106,000. KBC Group NV lifted its stake in shares of Under Armour by 39.6% in the 3rd quarter. KBC Group NV now owns 10,659 shares of the company's stock valued at $95,000 after purchasing an additional 3,024 shares during the period. Venturi Wealth Management LLC increased its stake in Under Armour by 268.1% in the third quarter. Venturi Wealth Management LLC now owns 11,672 shares of the company's stock valued at $104,000 after purchasing an additional 8,501 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Under Armour during the 3rd quarter worth approximately $343,000. Finally, Baker Avenue Asset Management LP bought a new stake in Under Armour in the 3rd quarter valued at approximately $92,000. Hedge funds and other institutional investors own 34.58% of the company's stock.

Analysts Set New Price Targets

UAA has been the subject of several research analyst reports. Barclays lifted their target price on Under Armour from $8.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. Robert W. Baird increased their target price on Under Armour from $8.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Argus raised shares of Under Armour to a "strong-buy" rating in a research report on Thursday, August 15th. Wedbush raised their price target on shares of Under Armour from $8.00 to $8.50 and gave the company an "outperform" rating in a research report on Friday, August 9th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Under Armour in a research note on Friday. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $9.03.

Insiders Place Their Bets

In other news, insider Mehri Shadman sold 9,639 shares of Under Armour stock in a transaction on Monday, November 18th. The stock was sold at an average price of $8.81, for a total value of $84,919.59. Following the completion of the sale, the insider now directly owns 172,899 shares of the company's stock, 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 filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 15.60% of the company's stock.

Under Armour Stock Performance

Shares of UAA traded down $0.11 during trading hours on Tuesday, hitting $9.69. The stock had a trading volume of 11,089,280 shares, compared to its average volume of 10,237,456. The firm has a 50-day moving average price of $8.91 and a 200 day moving average price of $7.75. Under Armour, Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $11.89. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of -314.90, a PEG ratio of 3.56 and a beta of 1.66. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18.

About Under Armour

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.