Loomis Sayles & Co. L P Sells 306,462 Shares of Under Armour, Inc. (NYSE:UAA)

Loomis Sayles & Co. L P decreased its stake in Under Armour, Inc. (NYSE:UAA - Free Report) by 7.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,102,968 shares of the company's stock after selling 306,462 shares during the period. Loomis Sayles & Co. L P owned about 0.95% of Under Armour worth $36,558,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in Under Armour in the third quarter valued at $56,000. CWM LLC increased its position in shares of Under Armour by 20.7% during the 3rd quarter. CWM LLC now owns 8,211 shares of the company's stock valued at $73,000 after purchasing an additional 1,409 shares during the last quarter. City State Bank increased its position in shares of Under Armour by 292.6% during the 3rd quarter. City State Bank now owns 10,063 shares of the company's stock valued at $90,000 after purchasing an additional 7,500 shares during the last quarter. Baker Avenue Asset Management LP purchased a new position in shares of Under Armour during the 3rd quarter valued at about $92,000. Finally, KBC Group NV lifted its position in Under Armour by 39.6% in the 3rd quarter. KBC Group NV now owns 10,659 shares of the company's stock worth $95,000 after buying an additional 3,024 shares during the last quarter. Hedge funds and other institutional investors own 34.58% of the company's stock.

Insider Buying and Selling at Under Armour

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the stock in a transaction 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 sale, the insider now directly owns 172,899 shares in the company, valued at approximately $1,523,240.19. This trade represents a 5.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 15.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. 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 research report on Monday, November 4th. Wedbush upped 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. Wells Fargo & Company boosted their target price on Under Armour from $8.00 to $11.00 and gave the company an "equal weight" rating in a research note on Friday, November 8th. Barclays raised 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. Finally, Robert W. Baird increased their price objective on Under Armour from $8.00 to $10.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Under Armour has a consensus rating of "Hold" and a consensus target price of $9.03.

Under Armour Stock Down 1.1 %

UAA traded down $0.11 during midday trading on Tuesday, reaching $9.69. The company's stock had a trading volume of 11,089,280 shares, compared to its average volume of 10,237,456. Under Armour, Inc. has a 1 year low of $6.17 and a 1 year high of $11.89. The stock's 50-day moving average is $8.91 and its 200-day moving average is $7.75. 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 current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30.

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.