Maven Securities LTD Sells 260,320 Shares of Under Armour, Inc. (NYSE:UAA)

Maven Securities LTD lowered its stake in Under Armour, Inc. (NYSE:UAA - Free Report) by 19.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,081,478 shares of the company's stock after selling 260,320 shares during the quarter. Under Armour accounts for approximately 0.2% of Maven Securities LTD's portfolio, making the stock its 13th largest position. Maven Securities LTD owned approximately 0.25% of Under Armour worth $9,636,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Quantbot Technologies LP increased its stake in Under Armour by 288.1% during the 3rd quarter. Quantbot Technologies LP now owns 423,311 shares of the company's stock valued at $3,772,000 after purchasing an additional 314,226 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its position in Under Armour by 1.3% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company's stock valued at $36,102,000 after acquiring an additional 70,731 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Under Armour in the third quarter worth approximately $576,000. International Assets Investment Management LLC lifted its holdings in shares of Under Armour by 2,413.5% in the third quarter. International Assets Investment Management LLC now owns 71,636 shares of the company's stock valued at $638,000 after purchasing an additional 68,786 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Under Armour by 40.5% during the first quarter. Jane Street Group LLC now owns 562,031 shares of the company's stock valued at $4,148,000 after buying an additional 162,013 shares during the last quarter. Institutional investors own 34.58% of the company's stock.

Under Armour Stock Down 0.1 %

Shares of NYSE UAA traded down $0.01 during mid-day trading on Wednesday, hitting $10.17. The company had a trading volume of 7,453,692 shares, compared to its average volume of 10,161,575. 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 price is $9.15 and its 200-day moving average price is $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.

Insider Buying and Selling

In other news, CFO David Bergman sold 30,000 shares of the business's 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 completion of the sale, the chief financial officer now owns 494,210 shares of the company's stock, valued at approximately $4,492,368.90. The trade was a 5.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mehri Shadman sold 17,240 shares of the company's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $8.76, for a total value of $151,022.40. Following the transaction, the insider now directly owns 182,538 shares of the company's stock, valued at $1,599,032.88. The trade was a 8.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,879 shares of company stock worth $508,642 over the last ninety days. 15.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Robert W. Baird increased their price target on Under Armour from $8.00 to $10.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. TD Cowen lifted their target price on shares of Under Armour from $7.00 to $8.00 and gave the stock a "hold" rating in a research report on Monday, November 4th. Wedbush increased their price target on 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 price objective on Under Armour from $8.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Friday, November 8th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Under Armour in a research report on Friday, November 22nd. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $9.03.

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.