Under Armour, Inc. (NYSE:UAA) Shares Sold by Virtu Financial LLC

Virtu Financial LLC decreased its holdings in Under Armour, Inc. (NYSE:UAA - Free Report) by 74.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,597 shares of the company's stock after selling 91,276 shares during the quarter. Virtu Financial LLC's holdings in Under Armour were worth $282,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of UAA. Neo Ivy Capital Management acquired a new position in Under Armour in the third quarter valued at $1,482,000. Disciplined Growth Investors Inc. MN lifted its stake in shares of Under Armour by 6.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company's stock valued at $51,149,000 after purchasing an additional 327,979 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of Under Armour during the 3rd quarter worth about $104,000. Nomura Asset Management Co. Ltd. increased its position in Under Armour by 163.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company's stock worth $26,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Orion Portfolio Solutions LLC raised its holdings in Under Armour by 15.3% in the third quarter. Orion Portfolio Solutions LLC now owns 59,237 shares of the company's stock valued at $528,000 after buying an additional 7,839 shares during the period. Institutional investors and hedge funds own 34.58% of the company's stock.

Under Armour Stock Performance

UAA traded down $0.18 on Wednesday, hitting $8.47. 10,079,223 shares of the company's stock were exchanged, compared to its average volume of 10,187,148. 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 stock has a fifty day moving average of $9.34 and a two-hundred day moving average of $8.08. Under Armour, Inc. has a twelve month low of $6.17 and a twelve month high of $11.89. The firm has a market cap of $3.66 billion, a PE ratio of -282.24 and a beta of 1.69.

Insider Transactions at Under Armour

In related news, CFO David Bergman sold 30,000 shares of the stock in a transaction dated 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 owns 494,210 shares of the company's stock, valued at $4,492,368.90. This trade represents a 5.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mehri Shadman sold 17,240 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $8.76, for a total transaction of $151,022.40. Following the completion of the transaction, the insider now owns 182,538 shares of the company's stock, valued at approximately $1,599,032.88. This trade represents a 8.63 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,879 shares of company stock worth $508,642. 15.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

UAA has been the subject of several recent research reports. TD Cowen increased their price objective on shares of Under Armour from $10.00 to $11.00 and gave the stock a "hold" rating in a research report on Friday, December 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of Under Armour in a research report on Friday, December 13th. Telsey Advisory Group reiterated a "market perform" rating and set a $10.00 target price on shares of Under Armour in a report on Friday, December 13th. BMO Capital Markets upped their price target on Under Armour from $10.00 to $11.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Finally, Barclays dropped their price objective on shares of Under Armour from $12.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Monday. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Under Armour has a consensus rating of "Hold" and an average price target of $9.28.

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.