Kestra Investment Management LLC Acquires Shares of 25,858 Under Armour, Inc. (NYSE:UAA)

Kestra Investment Management LLC acquired a new stake in Under Armour, Inc. (NYSE:UAA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 25,858 shares of the company’s stock, valued at approximately $214,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Venturi Wealth Management LLC lifted its position in Under Armour by 78.2% in the fourth quarter. Venturi Wealth Management LLC now owns 20,804 shares of the company’s stock worth $172,000 after buying an additional 9,132 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new stake in shares of Under Armour in the 4th quarter worth about $25,000. Certuity LLC purchased a new position in shares of Under Armour during the 4th quarter worth about $130,000. Empowered Funds LLC bought a new position in Under Armour during the 4th quarter valued at about $412,000. Finally, Bleakley Financial Group LLC raised its position in Under Armour by 20.0% in the 4th quarter. Bleakley Financial Group LLC now owns 51,852 shares of the company’s stock worth $429,000 after purchasing an additional 8,627 shares during the period. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Under Armour Price Performance

Shares of UAA stock opened at $7.25 on Thursday. The stock’s 50-day moving average is $8.15 and its 200 day moving average is $8.49. Under Armour, Inc. has a 1-year low of $6.17 and a 1-year high of $11.89. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. The company has a market cap of $3.11 billion, a P/E ratio of -24.98 and a beta of 1.69.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, beating 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 period in the previous year, the company posted $0.19 EPS. Research analysts predict that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Under Armour

In other news, CFO David Bergman sold 30,000 shares of the 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 15.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on UAA. Morgan Stanley restated an “underweight” rating and set a $4.00 target price on shares of Under Armour in a research report on Friday, December 13th. Barclays dropped their price objective on Under Armour from $11.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Guggenheim reiterated a “neutral” rating on shares of Under Armour in a research note on Friday, February 7th. TD Cowen boosted their target price on shares of Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research note on Friday, February 7th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Under Armour has a consensus rating of “Hold” and an average target price of $9.09.

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.