MML Investors Services LLC Decreases Stock Holdings in Under Armour, Inc. (NYSE:UAA)

MML Investors Services LLC lessened its holdings in Under Armour, Inc. (NYSE:UAA) by 10.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,478 shares of the company’s stock after selling 1,259 shares during the period. MML Investors Services LLC’s holdings in Under Armour were worth $93,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in Under Armour in the third quarter valued at about $56,000. CWM LLC grew its stake in shares of Under Armour by 20.7% in the third quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after buying 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 valued at about $79,000. DekaBank Deutsche Girozentrale acquired a new position in Under Armour during the 2nd quarter worth approximately $80,000. Finally, City State Bank boosted its holdings in Under Armour by 292.6% in the 3rd quarter. City State Bank now owns 10,063 shares of the company’s stock worth $90,000 after acquiring an additional 7,500 shares during the period. Institutional investors and hedge funds own 34.58% of the company’s stock.

Under Armour Stock Performance

UAA stock opened at $8.38 on Friday. The stock’s 50 day simple moving average is $9.28 and its 200 day simple moving average is $8.14. Under Armour, Inc. has a 12-month low of $6.17 and a 12-month high of $11.89. The firm has a market cap of $3.62 billion, a P/E ratio of -279.24 and a beta of 1.69. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30.

Analyst Ratings Changes

A number of research firms have recently issued reports on UAA. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research note on Friday, December 13th. Morgan Stanley reaffirmed an “underweight” rating and set a $4.00 price target on shares of Under Armour in a research note on Friday, December 13th. UBS Group upped their price objective on shares of Under Armour from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 8th. BMO Capital Markets lifted their target price on Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, Truist Financial increased their price target on Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a report on Friday, November 8th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.28.

Insider Buying and Selling at Under Armour

In other Under Armour 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 value of $272,700.00. Following the completion of the transaction, the chief financial officer now directly owns 494,210 shares in the company, valued at $4,492,368.90. The trade was a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mehri Shadman sold 9,639 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $8.81, for a total value of $84,919.59. Following the transaction, the insider now directly owns 172,899 shares of the company’s stock, valued at $1,523,240.19. This trade represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,879 shares of company stock worth $508,642 over the last 90 days. Insiders own 15.60% of the company’s stock.

About Under Armour

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.