Under Armour, Inc. (NYSE:UAA) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in shares of Under Armour, Inc. (NYSE:UAA) by 21.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,721 shares of the company’s stock after selling 36,714 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Under Armour were worth $1,200,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. FORA Capital LLC acquired a new position in shares of Under Armour in the third quarter worth $363,000. Townsquare Capital LLC acquired a new position in Under Armour in the 3rd quarter valued at about $103,000. BNP Paribas Financial Markets lifted its holdings in Under Armour by 48.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock valued at $5,470,000 after purchasing an additional 199,348 shares in the last quarter. Quantbot Technologies LP boosted its stake in shares of Under Armour by 288.1% during the 3rd quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock worth $3,772,000 after purchasing an additional 314,226 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Under Armour by 144,746.6% during the third quarter. FMR LLC now owns 9,659,823 shares of the company’s stock worth $86,069,000 after buying an additional 9,653,154 shares in the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Barclays raised their target price on shares of Under Armour from $8.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. TD Cowen upped their price target on Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. UBS Group raised their price objective on Under Armour from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Robert W. Baird boosted their price target on Under Armour from $8.00 to $10.00 and gave the stock a “neutral” 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 stock an “outperform” rating in a report on Monday, September 16th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $9.03.

Under Armour Price Performance

Shares of UAA opened at $10.03 on Friday. Under Armour, Inc. has a 12 month low of $6.17 and a 12 month high of $11.89. 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 stock has a fifty day moving average price of $9.22 and a 200 day moving average price of $7.91. The company has a market cap of $4.34 billion, a P/E ratio of -334.33, a PEG ratio of 3.80 and a beta of 1.69.

Insider Activity

In other Under Armour news, insider Mehri Shadman sold 17,240 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $8.76, for a total value of $151,022.40. Following the completion of the transaction, the insider now owns 182,538 shares in the company, valued at approximately $1,599,032.88. This represents a 8.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 quarter, insiders sold 56,879 shares of company stock valued at $508,642. 15.60% of the stock is currently owned by company insiders.

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.