MCF Advisors LLC Boosts Stock Position in Under Armour, Inc. (NYSE:UAA)

MCF Advisors LLC boosted its stake in shares of Under Armour, Inc. (NYSE:UAA) by 7.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,187 shares of the company’s stock after acquiring an additional 1,419 shares during the quarter. MCF Advisors LLC’s holdings in Under Armour were worth $167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of UAA. Dimensional Fund Advisors LP boosted its holdings in Under Armour by 12.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock valued at $62,376,000 after acquiring an additional 1,051,143 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in Under Armour by 41.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,955 shares of the company’s stock valued at $106,000 after acquiring an additional 4,653 shares during the period. XTX Topco Ltd purchased a new stake in Under Armour during the 2nd quarter valued at about $291,000. Sei Investments Co. boosted its holdings in Under Armour by 10.2% during the 2nd quarter. Sei Investments Co. now owns 18,989 shares of the company’s stock valued at $127,000 after acquiring an additional 1,764 shares during the period. Finally, ProShare Advisors LLC purchased a new stake in Under Armour during the 2nd quarter valued at about $119,000. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO David Bergman sold 30,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was 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 owns 494,210 shares in the company, valued at approximately $4,492,368.90. This represents a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mehri Shadman sold 9,639 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $8.81, for a total transaction of $84,919.59. Following the completion of the transaction, the insider now owns 172,899 shares in the company, valued at $1,523,240.19. This trade represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,879 shares of company stock valued at $508,642. Corporate insiders own 15.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on UAA. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a report on Friday, December 13th. Telsey Advisory Group reiterated a “market perform” rating and issued a $10.00 price objective on shares of Under Armour in a report on Friday, December 13th. Argus cut Under Armour from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. UBS Group increased their price objective on Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, TD Cowen increased their price objective on Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $9.28.

Under Armour Stock Up 0.7 %

Under Armour stock opened at $8.60 on Thursday. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of -286.57 and a beta of 1.70. The stock has a fifty day simple moving average of $8.97 and a two-hundred day simple moving average of $8.35. 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.

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.