Sanctuary Advisors LLC Makes New $191,000 Investment in Under Armour, Inc. (NYSE:UAA)

Sanctuary Advisors LLC acquired a new position in shares of Under Armour, Inc. (NYSE:UAA) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,040 shares of the company’s stock, valued at approximately $191,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quantbot Technologies LP boosted its position 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 purchasing an additional 314,226 shares during the period. Disciplined Growth Investors Inc. MN lifted its position in shares of Under Armour by 1.3% during the second 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. bought a new position in shares of Under Armour in the third quarter worth $576,000. International Assets Investment Management LLC grew its holdings in Under Armour by 2,413.5% during the 3rd quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock valued at $638,000 after buying an additional 68,786 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Under Armour by 48.1% in the third quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock valued at $5,470,000 after acquiring an additional 199,348 shares during the period. 34.58% of the stock is owned by institutional investors.

Insider Transactions at Under Armour

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the company’s stock in a transaction that occurred 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 represents a 5.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the sale, the chief financial officer now owns 494,210 shares in the company, valued at approximately $4,492,368.90. The trade was a 5.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,879 shares of company stock valued at $508,642 over the last quarter. 15.60% of the stock is currently owned by company insiders.

Under Armour Stock Down 0.8 %

Under Armour stock opened at $8.38 on Monday. Under Armour, Inc. has a one year low of $6.17 and a one year high of $11.89. The stock has a market cap of $3.62 billion, a PE ratio of -279.24 and a beta of 1.69. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18. The stock has a fifty day moving average of $9.26 and a 200 day moving average of $8.17.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. UBS Group upped their price target on shares of Under Armour from $12.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 8th. Morgan Stanley reissued an “underweight” rating and set a $4.00 price objective on shares of Under Armour in a research report on Friday, December 13th. Telsey Advisory Group reissued a “market perform” rating and issued a $10.00 target price on shares of Under Armour in a research report on Friday, December 13th. Finally, Barclays cut their price objective on shares of Under Armour from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Monday, December 16th. Three investment 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. Based on data from MarketBeat.com, Under Armour presently has a consensus rating of “Hold” and an average price target of $9.28.

Under Armour Company 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.