Mutual of America Capital Management LLC Cuts Position in Under Armour, Inc. (NYSE:UAA)

Mutual of America Capital Management LLC trimmed its position in shares of Under Armour, Inc. (NYSE:UAA) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,051 shares of the company’s stock after selling 6,048 shares during the period. Mutual of America Capital Management LLC’s holdings in Under Armour were worth $909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of UAA. KBC Group NV lifted its stake in shares of Under Armour by 39.6% in the 3rd quarter. KBC Group NV now owns 10,659 shares of the company’s stock valued at $95,000 after purchasing an additional 3,024 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in Under Armour by 268.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 11,672 shares of the company’s stock valued at $104,000 after buying an additional 8,501 shares during the period. Los Angeles Capital Management LLC bought a new stake in Under Armour in the third quarter worth $343,000. Baker Avenue Asset Management LP purchased a new position in Under Armour during the third quarter worth $92,000. Finally, Optas LLC increased its position in Under Armour by 149.5% during the third quarter. Optas LLC now owns 27,035 shares of the company’s stock valued at $241,000 after acquiring an additional 16,198 shares during the last quarter. 34.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on UAA shares. Argus upgraded Under Armour to a “strong-buy” rating in a research note on Thursday, August 15th. Wells Fargo & Company raised their price target on shares of Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Wedbush boosted their price objective on shares of Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a research report on Friday, August 9th. Robert W. Baird upped their target price on shares of Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Stifel Nicolaus boosted their price target on Under Armour from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, August 9th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $9.03.

Under Armour Stock Performance

Shares of UAA opened at $9.69 on Wednesday. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of -322.89, a PEG ratio of 3.56 and a beta of 1.66. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average is $8.91 and its two-hundred day moving average is $7.75. Under Armour, Inc. has a 52-week low of $6.17 and a 52-week high of $11.89.

Insider Activity at Under Armour

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were 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 directly owns 172,899 shares of the company’s stock, valued at $1,523,240.19. The trade was a 5.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 15.60% of the company’s stock.

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.