Under Armour, Inc. (NYSE:UAA) Stake Cut by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in Under Armour, Inc. (NYSE:UAA) by 7.5% in the 3rd quarter, Holdings Channel reports. The fund owned 454,772 shares of the company’s stock after selling 36,853 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Under Armour were worth $4,052,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in Under Armour in the 3rd quarter worth about $56,000. Optas LLC purchased a new stake in shares of Under Armour during the 2nd quarter worth about $72,000. CWM LLC raised its stake in shares of Under Armour by 20.7% during the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after purchasing an additional 1,409 shares in the last quarter. Koss Olinger Consulting LLC purchased a new stake in shares of Under Armour during the 2nd quarter worth about $79,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Under Armour during the 2nd quarter worth about $80,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Under Armour

In other news, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total transaction of $272,700.00. Following the sale, the chief financial officer now owns 494,210 shares of the company’s stock, valued at approximately $4,492,368.90. This trade represents a 5.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mehri Shadman sold 9,639 shares of Under Armour stock in a transaction that occurred on 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 directly owns 172,899 shares in the company, valued at $1,523,240.19. The trade was a 5.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,879 shares of company stock valued at $508,642 in the last 90 days. 15.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UAA. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research note on Friday, November 22nd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $8.00 price target on shares of Under Armour in a research note on Monday, November 4th. Argus raised Under Armour to a “strong-buy” rating in a research note on Thursday, August 15th. Truist Financial raised their price target 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, BMO Capital Markets increased their price objective on Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $9.03.

Under Armour Stock Performance

UAA opened at $9.59 on Friday. The firm has a market capitalization of $4.15 billion, a P/E ratio of -319.67 and a beta of 1.69. The stock’s 50 day moving average price is $9.34 and its two-hundred day moving average price is $8.03. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. Under Armour, Inc. has a 12-month low of $6.17 and a 12-month high of $11.89.

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.