Boston Partners lowered its position in Under Armour, Inc. (NYSE:UAA – Free Report) by 0.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,849,577 shares of the company’s stock after selling 14,852 shares during the period. Boston Partners owned about 0.66% of Under Armour worth $19,415,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in Under Armour by 620.7% in the 2nd quarter. Parallel Advisors LLC now owns 3,892 shares of the company’s stock worth $27,000 after purchasing an additional 3,352 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Under Armour by 133.8% during the 2nd quarter. UMB Bank n.a. now owns 4,203 shares of the company’s stock worth $29,000 after buying an additional 2,405 shares in the last quarter. Twin Tree Management LP purchased a new position in shares of Under Armour in the 1st quarter worth approximately $44,000. GAMMA Investing LLC grew its holdings in shares of Under Armour by 163.3% in the second quarter. GAMMA Investing LLC now owns 7,013 shares of the company’s stock valued at $48,000 after acquiring an additional 4,350 shares in the last quarter. Finally, Cerity Partners LLC bought a new position in shares of Under Armour in the first quarter valued at approximately $66,000. 34.58% of the stock is currently owned by hedge funds and other institutional investors.
Under Armour Stock Down 3.1%
Shares of NYSE UAA opened at $4.66 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.53 and a quick ratio of 0.93. The stock has a market capitalization of $2.00 billion, a PE ratio of 21.18, a P/E/G ratio of 3.85 and a beta of 1.86. Under Armour, Inc. has a one year low of $4.35 and a one year high of $10.53. The business’s fifty day moving average price is $4.82 and its 200-day moving average price is $5.80.
Insider Activity at Under Armour
In other Under Armour news, Director Robert John Sweeney acquired 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was bought at an average cost of $4.88 per share, with a total value of $488,000.00. Following the acquisition, the director owned 133,696 shares in the company, valued at approximately $652,436.48. This represents a 296.77% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 15.60% of the company’s stock.
Analyst Ratings Changes
UAA has been the topic of several research analyst reports. Rothschild Redb cut Under Armour from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Rothschild & Co Redburn reiterated a “neutral” rating and set a $6.00 target price (down from $7.00) on shares of Under Armour in a research note on Monday, September 15th. Bank of America reduced their price target on shares of Under Armour from $8.00 to $6.50 and set a “neutral” rating for the company in a research report on Monday, August 11th. Evercore ISI decreased their price objective on shares of Under Armour from $5.00 to $4.00 and set an “underperform” rating for the company in a report on Friday, November 7th. Finally, William Blair upgraded shares of Under Armour to a “hold” rating in a research note on Thursday, November 6th. Three investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $6.58.
Get Our Latest Stock Report on UAA
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.
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