Kera Capital Partners Inc. Invests $189,000 in Under Armour, Inc. (NYSE:UAA)

Kera Capital Partners Inc. bought a new stake in Under Armour, Inc. (NYSE:UAA) during the fourth quarter, HoldingsChannel reports. The fund bought 22,876 shares of the company’s stock, valued at approximately $189,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of UAA. Nomura Asset Management Co. Ltd. raised its stake in shares of Under Armour by 163.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after buying an additional 1,800 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Under Armour during the third quarter worth about $56,000. CWM LLC raised its position in Under Armour by 20.7% during 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. Versant Capital Management Inc lifted its holdings in Under Armour by 63.2% in the fourth quarter. Versant Capital Management Inc now owns 10,037 shares of the company’s stock valued at $83,000 after acquiring an additional 3,885 shares during the period. Finally, City State Bank boosted its position in Under Armour by 292.6% in the 3rd quarter. City State Bank now owns 10,063 shares of the company’s stock worth $90,000 after purchasing an additional 7,500 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Insider Transactions at Under Armour

In other news, 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 transaction, the insider now owns 182,538 shares of the company’s stock, valued at approximately $1,599,032.88. The trade was a 8.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO David Bergman sold 30,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction 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. This represents a 5.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,879 shares of company stock worth $508,642 in the last ninety days. Insiders own 15.60% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on UAA. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research note on Friday, December 13th. Morgan Stanley reissued an “underweight” rating and set a $4.00 target price on shares of Under Armour in a research note on Friday, December 13th. Telsey Advisory Group restated a “market perform” rating and issued a $10.00 price target on shares of Under Armour in a research note on Friday, December 13th. Wells Fargo & Company increased their price target on Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Finally, Barclays cut their price objective on Under Armour from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Under Armour presently has an average rating of “Hold” and a consensus target price of $9.28.

Under Armour Stock Performance

UAA opened at $8.19 on Monday. The firm has a market capitalization of $3.54 billion, a PE ratio of -272.74 and a beta of 1.70. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. Under Armour, Inc. has a twelve month low of $6.17 and a twelve month high of $11.89. The firm’s 50-day moving average price is $9.04 and its 200 day moving average price is $8.32.

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.