Optas LLC Acquires 1,484 Shares of Under Armour, Inc. (NYSE:UAA)

Optas LLC boosted its stake in shares of Under Armour, Inc. (NYSE:UAA) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,519 shares of the company’s stock after acquiring an additional 1,484 shares during the quarter. Optas LLC’s holdings in Under Armour were worth $236,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Caprock Group LLC increased its position in shares of Under Armour by 29.1% during the 4th quarter. Caprock Group LLC now owns 15,295 shares of the company’s stock valued at $127,000 after purchasing an additional 3,448 shares during the last quarter. KBC Group NV boosted its stake in Under Armour by 27.5% during the fourth quarter. KBC Group NV now owns 13,588 shares of the company’s stock worth $113,000 after buying an additional 2,929 shares during the period. SG Americas Securities LLC increased its position in Under Armour by 37.4% during the fourth quarter. SG Americas Securities LLC now owns 158,541 shares of the company’s stock valued at $1,313,000 after acquiring an additional 43,158 shares during the last quarter. MCF Advisors LLC raised its stake in shares of Under Armour by 7.6% in the fourth quarter. MCF Advisors LLC now owns 20,187 shares of the company’s stock valued at $167,000 after acquiring an additional 1,419 shares during the period. Finally, M.E. Allison & CO. Inc. bought a new stake in shares of Under Armour in the 4th quarter worth about $156,000. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

Under Armour Trading Up 0.1 %

Shares of NYSE:UAA opened at $8.26 on Wednesday. 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 market capitalization of $3.57 billion, a PE ratio of -275.07 and a beta of 1.69. Under Armour, Inc. has a 12-month low of $6.17 and a 12-month high of $11.89. The business’s fifty day simple moving average is $8.74 and its 200-day simple moving average is $8.46.

Analysts Set New Price Targets

UAA has been the topic of several analyst reports. 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 report on Monday, December 16th. Argus downgraded Under Armour from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Morgan Stanley restated an “underweight” rating and set a $4.00 price objective on shares of Under Armour in a report on Friday, December 13th. Wells Fargo & Company upped their price objective on Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research report on Friday, December 13th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Under Armour currently has an average rating of “Hold” and an average price target of $9.22.

Insider Buying and Selling at Under Armour

In other news, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction that occurred 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 transaction, the chief financial officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mehri Shadman sold 17,240 shares of the business’s stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. Insiders have sold 56,879 shares of company stock worth $508,642 over the last quarter. Insiders own 15.60% of the company’s stock.

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.