Harbor Capital Advisors Inc. Has $546,000 Holdings in Under Armour, Inc. (NYSE:UAA)

Harbor Capital Advisors Inc. lifted its position in Under Armour, Inc. (NYSE:UAA) by 40.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,001 shares of the company’s stock after purchasing an additional 18,906 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Under Armour were worth $546,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UAA. Nomura Asset Management Co. Ltd. grew its stake in shares of Under Armour by 163.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after purchasing an additional 1,800 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Under Armour in the third quarter valued at $56,000. CWM LLC raised its stake in Under Armour by 20.7% during the third quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after acquiring an additional 1,409 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Under Armour by 63.2% during the fourth quarter. Versant Capital Management Inc now owns 10,037 shares of the company’s stock valued at $83,000 after acquiring an additional 3,885 shares during the period. Finally, City State Bank boosted its stake in shares of Under Armour by 292.6% in the 3rd quarter. City State Bank now owns 10,063 shares of the company’s stock valued at $90,000 after purchasing an additional 7,500 shares in the last quarter. 34.58% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Mehri Shadman sold 9,639 shares of the business’s stock in a transaction that occurred on 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 owns 172,899 shares in the company, valued at approximately $1,523,240.19. The trade was a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 trade represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,879 shares of company stock valued at $508,642 over the last three months. Company insiders own 15.60% of the company’s stock.

Under Armour Price Performance

UAA opened at $8.20 on Wednesday. The company has a fifty day moving average price of $9.15 and a two-hundred day moving average price of $8.28. The firm has a market capitalization of $3.55 billion, a PE ratio of -273.24 and a beta of 1.70. Under Armour, Inc. has a 52 week low of $6.17 and a 52 week high of $11.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18.

Analyst Ratings Changes

A number of brokerages recently issued reports on UAA. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research report on Friday, December 13th. Morgan Stanley reiterated an “underweight” rating and issued a $4.00 target price on shares of Under Armour in a research note on Friday, December 13th. UBS Group increased their price target on Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company lifted their price objective on Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Finally, Truist Financial increased their target price on Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.28.

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.