Rockefeller Capital Management L.P. Boosts Stake in Under Armour, Inc. (NYSE:UAA)

Rockefeller Capital Management L.P. raised its position in shares of Under Armour, Inc. (NYSE:UAA) by 8.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 115,447 shares of the company’s stock after purchasing an additional 9,439 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Under Armour were worth $1,029,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP boosted its position 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 valued at $3,772,000 after acquiring an additional 314,226 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its position in Under Armour by 1.3% during the second quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock valued at $36,102,000 after purchasing an additional 70,731 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in shares of Under Armour in the 3rd quarter worth $576,000. International Assets Investment Management LLC increased its holdings in shares of Under Armour by 2,413.5% in the 3rd quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock worth $638,000 after buying an additional 68,786 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Under Armour by 48.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock valued at $5,470,000 after buying an additional 199,348 shares in the last quarter. Institutional investors own 34.58% of the company’s stock.

Insider Transactions at Under Armour

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $8.81, for a total transaction of $84,919.59. Following the sale, the insider now owns 172,899 shares of the company’s stock, valued at approximately $1,523,240.19. This trade represents a 5.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction 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 completion of the transaction, the chief financial officer now 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. In the last 90 days, insiders have sold 56,879 shares of company stock valued at $508,642. 15.60% of the stock is currently owned by corporate insiders.

Under Armour Trading Up 0.9 %

UAA opened at $10.12 on Monday. 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 stock’s fifty day moving average is $9.24 and its two-hundred day moving average is $7.95. The company has a market capitalization of $4.38 billion, a P/E ratio of -337.22, a PEG ratio of 3.78 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.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. TD Cowen lifted their price target on Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. 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 report on Monday, September 16th. Robert W. Baird increased their price target on Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Barclays lifted their price objective on shares of Under Armour from $8.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Finally, Argus raised shares of Under Armour to a “strong-buy” rating in a research note on Thursday, August 15th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.