Townsquare Capital LLC Makes New $103,000 Investment in Under Armour, Inc. (NYSE:UAA)

Townsquare Capital LLC acquired a new stake in shares of Under Armour, Inc. (NYSE:UAA) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,605 shares of the company’s stock, valued at approximately $103,000.

Several other institutional investors have also modified their holdings of UAA. Price T Rowe Associates Inc. MD increased its position in shares of Under Armour by 7.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 93,829 shares of the company’s stock valued at $693,000 after purchasing an additional 6,107 shares during the last quarter. Lecap Asset Management Ltd. bought a new position in Under Armour during the second quarter valued at $344,000. Optas LLC bought a new position in Under Armour during the second quarter valued at $72,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Under Armour by 49.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,435 shares of the company’s stock valued at $1,143,000 after acquiring an additional 56,440 shares during the period. Finally, Panagora Asset Management Inc. lifted its holdings in shares of Under Armour by 104.0% in the 2nd quarter. Panagora Asset Management Inc. now owns 27,073 shares of the company’s stock worth $181,000 after acquiring an additional 13,801 shares during the last quarter. 34.58% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Mehri Shadman sold 17,240 shares of Under Armour stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $8.76, for a total value of $151,022.40. Following the transaction, the insider now owns 182,538 shares of the company’s stock, valued at $1,599,032.88. The trade was a 8.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David Bergman sold 30,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the sale, the chief financial officer now directly owns 494,210 shares of the company’s stock, 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. In the last three months, insiders have sold 56,879 shares of company stock worth $508,642. 15.60% of the stock is currently owned by company insiders.

Under Armour Stock Performance

Shares of UAA stock opened at $10.12 on Friday. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of -337.22, a PEG ratio of 3.80 and a beta of 1.69. Under Armour, Inc. has a 52-week low of $6.17 and a 52-week high of $11.89. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average is $9.24 and its 200 day moving average is $7.95.

Wall Street Analysts Forecast Growth

UAA has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price objective on shares of Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. TD Cowen raised 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. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $8.00 price objective on shares of Under Armour in a research report on Monday, November 4th. Truist Financial increased their target price on Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company boosted their target price on shares of Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.03.

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.