Under Armour, Inc. (NYSE:UAA) Shares Sold by MML Investors Services LLC

MML Investors Services LLC reduced its stake in shares of Under Armour, Inc. (NYSE:UAA) by 10.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,478 shares of the company’s stock after selling 1,259 shares during the period. MML Investors Services LLC’s holdings in Under Armour were worth $93,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in UAA. Quantbot Technologies LP boosted its holdings in Under Armour by 288.1% during the third quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock worth $3,772,000 after buying an additional 314,226 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its stake in shares of Under Armour by 1.3% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock worth $36,102,000 after acquiring an additional 70,731 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Under Armour during the 3rd quarter worth approximately $576,000. International Assets Investment Management LLC grew its holdings in shares of Under Armour by 2,413.5% in the 3rd quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock worth $638,000 after acquiring an additional 68,786 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Under Armour by 48.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock valued at $5,470,000 after purchasing an additional 199,348 shares in the last quarter. 34.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UAA has been the topic of a number of research analyst reports. Morgan Stanley reiterated an “underweight” rating and set a $4.00 target price on shares of Under Armour in a research report on Friday, December 13th. Truist Financial increased their price objective on shares of Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, November 8th. UBS Group lifted their target price on shares of Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a report on Friday, December 13th. Finally, Robert W. Baird raised their price objective 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. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $9.28.

Insider Transactions at Under Armour

In other 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 directly owns 494,210 shares in the company, valued at $4,492,368.90. This represents a 5.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Mehri Shadman sold 9,639 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $8.81, for a total value of $84,919.59. Following the completion of the transaction, the insider now directly owns 172,899 shares in the company, valued at $1,523,240.19. This trade represents a 5.28 % decrease in their ownership of the stock. 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 three months. Company insiders own 15.60% of the company’s stock.

Under Armour Stock Down 0.8 %

Shares of NYSE:UAA opened at $8.38 on Friday. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of -279.24 and a beta of 1.69. The stock’s 50-day moving average price is $9.28 and its two-hundred day moving average price is $8.14. Under Armour, Inc. has a 12-month low of $6.17 and a 12-month high of $11.89.

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.