Under Armour, Inc. (NYSE:UAA) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd lessened its stake in Under Armour, Inc. (NYSE:UAA) by 6.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 407,734 shares of the company’s stock after selling 27,910 shares during the period. Quadrature Capital Ltd owned about 0.09% of Under Armour worth $3,637,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UAA. Allspring Global Investments Holdings LLC acquired a new stake in shares of Under Armour in the third quarter valued at $56,000. CWM LLC raised 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 acquiring an additional 1,409 shares in the last quarter. City State Bank boosted its holdings in Under Armour by 292.6% in the third quarter. City State Bank now owns 10,063 shares of the company’s stock valued at $90,000 after purchasing an additional 7,500 shares during the period. Baker Avenue Asset Management LP acquired a new position in Under Armour during the 3rd quarter worth $92,000. Finally, KBC Group NV increased its holdings in Under Armour by 39.6% during the 3rd quarter. KBC Group NV now owns 10,659 shares of the company’s stock worth $95,000 after purchasing an additional 3,024 shares during the period. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on UAA. BMO Capital Markets boosted their price objective on Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a research report on Friday, November 22nd. TD Cowen boosted their target price on shares of Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Stifel Nicolaus lifted their price target on Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Truist Financial raised their target price on Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $9.03.

Insiders Place Their Bets

In other Under Armour news, insider Mehri Shadman sold 17,240 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $8.76, for a total transaction of $151,022.40. Following the completion of the transaction, the insider now owns 182,538 shares of the company’s stock, valued at approximately $1,599,032.88. This trade represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO David Bergman sold 30,000 shares of the company’s 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 sale, 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. Over the last quarter, insiders sold 56,879 shares of company stock worth $508,642. Insiders own 15.60% of the company’s stock.

Under Armour Stock Performance

NYSE UAA opened at $10.03 on Friday. Under Armour, Inc. has a 1-year low of $6.17 and a 1-year high of $11.89. The company has a market capitalization of $4.34 billion, a P/E ratio of -334.33, a PEG ratio of 3.80 and a beta of 1.69. The business has a 50 day moving average price of $9.22 and a 200 day moving average price of $7.91. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24.

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.