166,244 Shares in Under Armour, Inc. (NYSE:UAA) Acquired by Neo Ivy Capital Management

Neo Ivy Capital Management purchased a new position in Under Armour, Inc. (NYSE:UAA - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 166,244 shares of the company's stock, valued at approximately $1,482,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its holdings in Under Armour by 144,746.6% in the third quarter. FMR LLC now owns 9,659,823 shares of the company's stock worth $86,069,000 after purchasing an additional 9,653,154 shares during the last quarter. Pacer Advisors Inc. grew 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 purchasing an additional 9,570,512 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in 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 purchasing an additional 1,051,143 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its holdings in shares of Under Armour by 6.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company's stock valued at $51,149,000 after buying an additional 327,979 shares during the last quarter. Finally, Maven Securities LTD grew its holdings in shares of Under Armour by 11.8% during the second quarter. Maven Securities LTD now owns 1,341,798 shares of the company's stock valued at $8,950,000 after buying an additional 141,556 shares during the last quarter. 34.58% of the stock is owned by hedge funds and other institutional investors.

Under Armour Price Performance

NYSE UAA traded up $0.01 during trading hours on Wednesday, hitting $10.10. 4,778,669 shares of the company's stock traded hands, compared to its average volume of 10,106,256. Under Armour, Inc. has a 52-week low of $6.17 and a 52-week high of $11.89. The company has a market capitalization of $4.37 billion, a PE ratio of -336.17 and a beta of 1.69. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24. The firm's 50-day moving average is $9.29 and its 200-day moving average is $8.00.

Analyst Ratings Changes

UAA has been the topic of a number of research analyst reports. Telsey Advisory Group reissued a "market perform" rating and set a $8.00 price objective on shares of Under Armour in a report on Monday, November 4th. UBS Group boosted their price objective on shares of Under Armour from $12.00 to $16.00 and gave the company a "buy" rating in a report on Friday, November 8th. 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. TD Cowen boosted their target price 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. Finally, Needham & Company LLC restated a "hold" rating on shares of Under Armour in a research report on Friday, November 22nd. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Under Armour presently has a consensus rating of "Hold" and a consensus target price of $9.03.

Insider Activity at Under Armour

In related news, CFO David Bergman sold 30,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the completion of the transaction, the chief financial officer now owns 494,210 shares of the company's stock, valued at approximately $4,492,368.90. This trade represents a 5.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mehri Shadman sold 9,639 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 172,899 shares of the company's stock, valued at $1,523,240.19. The trade was a 5.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,879 shares of company stock valued at $508,642. Corporate insiders own 15.60% of the company's stock.

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.