Orion Portfolio Solutions LLC Buys 7,839 Shares of Under Armour, Inc. (NYSE:UAA)

Orion Portfolio Solutions LLC boosted its stake in shares of Under Armour, Inc. (NYSE:UAA) by 15.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,237 shares of the company’s stock after purchasing an additional 7,839 shares during the period. Orion Portfolio Solutions LLC’s holdings in Under Armour were worth $528,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UAA. Allspring Global Investments Holdings LLC bought a new position in Under Armour in the third quarter worth approximately $56,000. CWM LLC raised its position in Under Armour by 20.7% in the third quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after acquiring an additional 1,409 shares during the period. City State Bank raised its position in Under Armour by 292.6% in the third 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. Baker Avenue Asset Management LP purchased a new stake in shares of Under Armour in the third quarter worth $92,000. Finally, KBC Group NV increased its stake in shares of Under Armour by 39.6% in the third quarter. KBC Group NV now owns 10,659 shares of the company’s stock worth $95,000 after purchasing an additional 3,024 shares in the last quarter. Institutional investors own 34.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on UAA shares. BMO Capital Markets increased their price objective on shares of Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Truist Financial lifted their price objective on shares of Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a research note on Friday, December 13th. Wells Fargo & Company lifted their price objective on shares of Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Finally, UBS Group lifted their price objective on shares of Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $9.28.

Under Armour Price Performance

UAA stock opened at $8.65 on Wednesday. Under Armour, Inc. has a 12 month low of $6.17 and a 12 month high of $11.89. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average price of $9.34 and a 200 day moving average price of $8.07. The stock has a market cap of $3.74 billion, a PE ratio of -288.17 and a beta of 1.69.

Insider Buying and Selling at Under Armour

In other Under Armour news, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction dated 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 directly owns 494,210 shares of the company’s stock, valued at $4,492,368.90. The trade was a 5.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mehri Shadman sold 17,240 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $8.76, for a total transaction of $151,022.40. Following the completion of the sale, the insider now directly 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 disclosure for this sale can be found here. Insiders sold a total of 56,879 shares of company stock valued at $508,642 in the last three months. Company 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.