Under Armour, Inc. (NYSE:UAA) Stock Position Reduced by Sage Private Wealth Group LLC

Sage Private Wealth Group LLC decreased its stake in Under Armour, Inc. (NYSE:UAA) by 8.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 26,166 shares of the company’s stock after selling 2,468 shares during the quarter. Sage Private Wealth Group LLC’s holdings in Under Armour were worth $217,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. increased its stake in shares of Under Armour by 163.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock worth $26,000 after acquiring an additional 1,800 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Under Armour in the fourth quarter valued at about $27,000. Allspring Global Investments Holdings LLC purchased a new position in Under Armour in the third quarter valued at about $56,000. CWM LLC increased its position in Under Armour by 20.7% in the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after purchasing an additional 1,409 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Under Armour by 63.2% during the 4th quarter. Versant Capital Management Inc now owns 10,037 shares of the company’s stock worth $83,000 after purchasing an additional 3,885 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on UAA shares. Barclays lowered their price target on Under Armour from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday. Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a research report on Friday, February 7th. Wells Fargo & Company raised their price target on shares of Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Robert W. Baird lifted their price objective on shares of Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, UBS Group lowered their target price on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.09.

Insider Transactions at Under Armour

In related news, insider Mehri Shadman sold 9,639 shares of Under Armour stock in a transaction dated 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 directly owns 172,899 shares of the company’s stock, valued at $1,523,240.19. This trade represents a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 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 worth $508,642. 15.60% of the stock is currently owned by company insiders.

Under Armour Price Performance

Shares of NYSE UAA opened at $7.19 on Wednesday. Under Armour, Inc. has a 12 month low of $6.17 and a 12 month high of $11.89. The business’s 50 day moving average is $8.51 and its two-hundred day moving average is $8.49. The company has a quick ratio of 1.24, a current ratio of 2.01 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA) last announced its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same quarter last year, the company earned $0.19 EPS. On average, analysts predict that Under Armour, Inc. will post 0.29 earnings per share for the current year.

Under Armour 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.