27,220 Shares in Under Armour, Inc. (NYSE:UAA) Bought by Everence Capital Management Inc.

Everence Capital Management Inc. acquired a new stake in Under Armour, Inc. (NYSE:UAA) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 27,220 shares of the company’s stock, valued at approximately $225,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UAA. Nomura Asset Management Co. Ltd. raised its stake in shares of Under Armour by 163.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after purchasing an additional 1,800 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Under Armour during the third quarter worth about $56,000. CWM LLC raised its position in Under Armour by 20.7% in the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after buying an additional 1,409 shares during the last quarter. Versant Capital Management Inc lifted its stake in Under Armour by 63.2% in the 4th quarter. Versant Capital Management Inc now owns 10,037 shares of the company’s stock valued at $83,000 after acquiring an additional 3,885 shares in the last quarter. Finally, City State Bank lifted its stake in Under Armour by 292.6% in the 3rd quarter. City State Bank now owns 10,063 shares of the company’s stock valued at $90,000 after acquiring an additional 7,500 shares in the last quarter. 34.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on UAA shares. UBS Group lifted their price objective on shares of Under Armour from $12.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research note on Friday, December 13th. Barclays cut their price target on shares of Under Armour from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Monday, December 16th. TD Cowen lifted their target price on Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Finally, BMO Capital Markets increased their price target on Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has given 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 $9.28.

Under Armour Price Performance

Under Armour stock opened at $8.12 on Thursday. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of -270.58 and a beta of 1.70. 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 12 month low of $6.17 and a 12 month high of $11.89. The stock’s 50 day moving average is $9.19 and its 200-day moving average is $8.24.

Insider Activity at Under Armour

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $8.81, for a total transaction of $84,919.59. Following the transaction, the insider now owns 172,899 shares in the company, valued at $1,523,240.19. This represents a 5.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO David Bergman sold 30,000 shares of the firm’s 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 transaction, the chief financial officer now directly owns 494,210 shares in the company, valued at $4,492,368.90. This represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,879 shares of company stock worth $508,642 in the last ninety days. 15.60% of the stock is owned by company insiders.

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.