Verition Fund Management LLC Increases Holdings in Under Armour, Inc. (NYSE:UAA)

Verition Fund Management LLC lifted its position in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 27.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,258,342 shares of the company's stock after acquiring an additional 269,281 shares during the period. Verition Fund Management LLC owned approximately 0.29% of Under Armour worth $11,212,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Under Armour by 1.0% in the first quarter. Vanguard Group Inc. now owns 18,247,340 shares of the company's stock valued at $134,665,000 after buying an additional 173,817 shares in the last quarter. FMR LLC increased its stake in shares of Under Armour by 144,746.6% in the third quarter. FMR LLC now owns 9,659,823 shares of the company's stock valued at $86,069,000 after buying an additional 9,653,154 shares during the period. Pacer Advisors Inc. increased its position in Under Armour by 33,725.1% in the 3rd quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company's stock valued at $85,526,000 after acquiring an additional 9,570,512 shares during the period. Dimensional Fund Advisors LP increased 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 valued at $62,376,000 after purchasing an additional 1,051,143 shares during the period. Finally, Disciplined Growth Investors Inc. MN increased its stake in shares of Under Armour by 1.3% in 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 buying an additional 70,731 shares during the period. Institutional investors and hedge funds own 34.58% of the company's stock.

Insider Transactions at Under Armour

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $8.81, for a total value of $84,919.59. Following the sale, the insider now owns 172,899 shares of the company's stock, valued at $1,523,240.19. This trade represents a 5.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 15.60% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of Under Armour from $12.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Wells Fargo & Company raised their target price on Under Armour from $8.00 to $11.00 and gave the company an "equal weight" rating in a research note on Friday, November 8th. Telsey Advisory Group restated a "market perform" rating and set a $8.00 price target on shares of Under Armour in a research note on Monday, November 4th. Barclays boosted their price objective on Under Armour from $8.00 to $12.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. Finally, TD Cowen upped their target price on shares of Under Armour from $7.00 to $8.00 and gave the stock a "hold" rating in a research note on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $9.03.

Under Armour Stock Performance

Shares of NYSE UAA traded up $0.01 during midday trading on Friday, hitting $9.71. The company's stock had a trading volume of 3,451,134 shares, compared to its average volume of 11,580,822. The stock has a fifty day moving average price of $9.06 and a 200 day moving average price of $7.83. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. Under Armour, Inc. has a one year low of $6.17 and a one year high of $11.89. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of -323.67, a P/E/G ratio of 3.63 and a beta of 1.66.

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.