Quantinno Capital Management LP Has $8.05 Million Stock Position in Under Armour, Inc. (NYSE:UAA)

Quantinno Capital Management LP grew its position in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 195.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 903,257 shares of the company's stock after buying an additional 597,943 shares during the quarter. Quantinno Capital Management LP owned approximately 0.21% of Under Armour worth $8,048,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP increased its holdings 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 grew 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 worth $36,102,000 after purchasing an additional 70,731 shares during the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in shares of Under Armour in the third quarter valued at $576,000. International Assets Investment Management LLC raised 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 buying an additional 68,786 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in Under Armour by 40.5% during the 1st quarter. Jane Street Group LLC now owns 562,031 shares of the company's stock worth $4,148,000 after buying an additional 162,013 shares in the last quarter. Institutional investors own 34.58% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UAA. Argus upgraded shares of Under Armour to a "strong-buy" rating in a research report on Thursday, August 15th. Stifel Nicolaus boosted their price objective on shares of Under Armour from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. Barclays increased their price objective on Under Armour from $8.00 to $12.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. Truist Financial boosted their target price on Under Armour from $8.00 to $11.00 and gave the stock a "hold" rating in a research report on Friday, November 8th. Finally, BMO Capital Markets upped their price target on Under Armour from $10.00 to $11.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Three 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 assigned a strong buy rating to the company. Based on data from MarketBeat, Under Armour currently has a consensus rating of "Hold" and a consensus price target of $9.03.

Insider Transactions at Under Armour

In related news, insider Mehri Shadman sold 9,639 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $8.81, for a total transaction of $84,919.59. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David Bergman sold 30,000 shares of the business's 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 completion of the sale, the chief financial officer now owns 494,210 shares in the company, valued at $4,492,368.90. The trade was a 5.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,879 shares of company stock valued at $508,642 over the last quarter. Corporate insiders own 15.60% of the company's stock.

Under Armour Stock Up 0.9 %

Shares of NYSE:UAA traded up $0.09 during trading on Friday, hitting $10.12. 9,608,785 shares of the company's stock traded hands, compared to its average volume of 10,142,117. The company has a 50-day moving average price of $9.24 and a 200-day moving average price of $7.94. Under Armour, Inc. has a 52 week low of $6.17 and a 52 week high of $11.89. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. The company has a market cap of $4.38 billion, a price-to-earnings ratio of -337.33, a price-to-earnings-growth ratio of 3.80 and a beta of 1.69.

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.