Under Armour, Inc. (NYSE:UAA) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its stake in Under Armour, Inc. (NYSE:UAA - Free Report) by 99.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,149 shares of the company's stock after selling 9,570,741 shares during the quarter. Pacer Advisors Inc.'s holdings in Under Armour were worth $233,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UAA. Nomura Asset Management Co. Ltd. lifted its stake in Under Armour by 163.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company's stock valued at $26,000 after buying an additional 1,800 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Under Armour in the 3rd quarter valued at approximately $56,000. CWM LLC lifted its stake in Under Armour by 20.7% in the 3rd quarter. CWM LLC now owns 8,211 shares of the company's stock valued at $73,000 after buying an additional 1,409 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Under Armour by 63.2% during the 4th quarter. Versant Capital Management Inc now owns 10,037 shares of the company's stock worth $83,000 after purchasing an additional 3,885 shares during the period. Finally, City State Bank lifted its stake 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 worth $90,000 after purchasing an additional 7,500 shares during the period. Hedge funds and other institutional investors own 34.58% of the company's stock.

Insider Activity

In other news, insider Mehri Shadman sold 9,639 shares of Under Armour 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 sale, the insider now 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value of $272,700.00. Following the sale, the chief financial officer now directly owns 494,210 shares in the company, valued at approximately $4,492,368.90. This trade represents a 5.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,879 shares of company stock valued at $508,642. Insiders own 15.60% of the company's stock.

Under Armour Stock Performance

NYSE UAA traded down $0.32 during trading hours on Friday, reaching $7.29. The company's stock had a trading volume of 13,402,709 shares, compared to its average volume of 9,797,051. The company has a current ratio of 2.01, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. The business has a 50-day simple moving average of $8.62 and a 200 day simple moving average of $8.45. Under Armour, Inc. has a 52 week low of $6.17 and a 52 week high of $11.89. The stock has a market cap of $3.15 billion, a PE ratio of -25.12 and a beta of 1.69.

Under Armour (NYSE:UAA - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same period in the previous year, the company earned $0.19 EPS. Equities research analysts predict that Under Armour, Inc. will post 0.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on UAA shares. UBS Group reduced their price target on Under Armour from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. Argus lowered Under Armour from a "buy" rating to a "hold" rating in a research note on Thursday, January 16th. Robert W. Baird increased their price target on Under Armour from $8.00 to $10.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Needham & Company LLC reissued a "hold" rating on shares of Under Armour in a research note on Friday. Finally, Wells Fargo & Company increased their price target on Under Armour from $8.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $9.22.

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.