Pacer Advisors Inc. Sells 9,570,741 Shares of Under Armour, Inc. (NYSE:UAA)

Pacer Advisors Inc. decreased its position in shares of Under Armour, Inc. (NYSE:UAA) by 99.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,149 shares of the company’s stock after selling 9,570,741 shares during the quarter. Pacer Advisors Inc.’s holdings in Under Armour were worth $233,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its stake in shares of Under Armour by 163.6% during the third 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 in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Under Armour during the 3rd quarter worth approximately $56,000. CWM LLC raised its stake in shares of Under Armour by 20.7% during the third quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after acquiring an additional 1,409 shares during 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 worth $83,000 after purchasing an additional 3,885 shares during the period. Finally, City State Bank grew its stake in shares of Under Armour by 292.6% in the third quarter. City State Bank now owns 10,063 shares of the company’s stock worth $90,000 after purchasing an additional 7,500 shares during the last quarter. Institutional investors own 34.58% of the company’s stock.

Analysts Set New Price Targets

UAA has been the topic of several recent research reports. Argus downgraded Under Armour from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. UBS Group cut their price objective on Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a research report on Friday, December 13th. Robert W. Baird boosted their price target on shares of Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Truist Financial increased their price objective on shares of Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $9.22.

Under Armour Stock Up 0.1 %

Under Armour stock opened at $8.26 on Wednesday. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. Under Armour, Inc. has a 1-year low of $6.17 and a 1-year high of $11.89. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of -275.07 and a beta of 1.69. The firm’s fifty day moving average price is $8.74 and its two-hundred day moving average price is $8.46.

Insider Activity at Under Armour

In other news, insider Mehri Shadman sold 17,240 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $8.76, for a total value of $151,022.40. Following the completion of the sale, the insider now owns 182,538 shares in the company, valued at $1,599,032.88. This represents a 8.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 owns 494,210 shares of the company’s stock, 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. In the last quarter, insiders have sold 56,879 shares of company stock valued at $508,642. 15.60% of the stock is owned by corporate insiders.

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.