Mirabella Financial Services LLP Trims Stake in Under Armour, Inc. (NYSE:UAA)

Mirabella Financial Services LLP reduced its position in Under Armour, Inc. (NYSE:UAA - Free Report) by 48.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,504,541 shares of the company's stock after selling 2,331,662 shares during the quarter. Under Armour accounts for about 1.4% of Mirabella Financial Services LLP's holdings, making the stock its 16th largest holding. Mirabella Financial Services LLP owned approximately 0.58% of Under Armour worth $22,315,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Under Armour by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 18,247,340 shares of the company's stock worth $134,665,000 after buying an additional 173,817 shares during the period. Pacer Advisors Inc. boosted its holdings in Under Armour by 33,725.1% in the third quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company's stock worth $85,526,000 after acquiring an additional 9,570,512 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Under Armour by 12.7% in the second quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company's stock worth $62,376,000 after acquiring an additional 1,051,143 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its holdings in shares of Under Armour by 1.3% during the second 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. Finally, Janus Henderson Group PLC raised its position in shares of Under Armour by 27.2% in the 1st quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company's stock worth $28,712,000 after purchasing an additional 831,202 shares during the last quarter. 34.58% of the stock is owned by hedge funds and other institutional investors.

Under Armour Trading Up 2.9 %

UAA traded up $0.28 on Monday, hitting $9.80. The company had a trading volume of 8,760,694 shares, compared to its average volume of 10,233,720. The business's fifty day simple moving average is $8.87 and its 200 day simple moving average is $7.73. 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. The company has a market cap of $4.24 billion, a PE ratio of -326.56, a PEG ratio of 3.56 and a beta of 1.66.

Insider Transactions at Under Armour

In related news, insider Mehri Shadman sold 17,240 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $8.76, for a total transaction of $151,022.40. Following the sale, the insider now owns 182,538 shares in the company, valued at approximately $1,599,032.88. This represents a 8.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 15.60% of the company's stock.

Analyst Upgrades and Downgrades

UAA has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price target on shares of Under Armour from $9.00 to $10.00 and gave the company a "buy" rating in a report on Friday, August 9th. Argus raised Under Armour to a "strong-buy" rating in a report on Thursday, August 15th. Barclays boosted their price objective on shares of Under Armour from $8.00 to $12.00 and gave the company an "equal weight" rating in a report on Monday, November 11th. Wells Fargo & Company boosted their target price on shares of Under Armour from $8.00 to $11.00 and gave the company an "equal weight" rating in a research note on Friday, November 8th. Finally, Needham & Company LLC restated a "hold" rating on shares of Under Armour in a research note on Friday. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus 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.