Mirae Asset Global Investments Co. Ltd. Invests $27,000 in Under Armour, Inc. (NYSE:UAA)

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Under Armour, Inc. (NYSE:UAA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,277 shares of the company’s stock, valued at approximately $27,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC grew its stake in Under Armour by 144,746.6% in the third quarter. FMR LLC now owns 9,659,823 shares of the company’s stock worth $86,069,000 after purchasing an additional 9,653,154 shares in the last quarter. Pacer Advisors Inc. grew its stake in Under Armour by 33,725.1% in the third quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock worth $85,526,000 after purchasing an additional 9,570,512 shares in the last quarter. Quantinno Capital Management LP grew its stake in Under Armour by 195.8% in the third quarter. Quantinno Capital Management LP now owns 903,257 shares of the company’s stock worth $8,048,000 after purchasing an additional 597,943 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its stake in Under Armour by 6.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock worth $51,149,000 after purchasing an additional 327,979 shares in the last quarter. Finally, Quantbot Technologies LP grew its stake in Under Armour by 288.1% in 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 in the last quarter. 34.58% of the stock is owned by hedge funds and other institutional investors.

Under Armour Stock Performance

Shares of UAA opened at $7.11 on Friday. The firm has a 50-day moving average of $8.33 and a 200-day moving average of $8.48. Under Armour, Inc. has a one year low of $6.17 and a one year high of $11.89. The company has a market cap of $3.07 billion, a PE ratio of -24.50 and a beta of 1.69. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.24.

Under Armour (NYSE:UAA) last announced its earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same quarter in the prior year, the business posted $0.19 earnings per share. As a group, equities analysts forecast that Under Armour, Inc. will post 0.29 earnings per share for the current year.

Insider Activity

In other Under Armour 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 sale, 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 legal filing with the SEC, which can be accessed through this link. Also, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 494,210 shares in the company, valued at $4,492,368.90. The trade was a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 15.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on UAA shares. Needham & Company LLC restated a “hold” rating on shares of Under Armour in a research note on Friday, February 7th. Telsey Advisory Group restated a “market perform” rating and issued a $10.00 target price on shares of Under Armour in a research note on Thursday, February 6th. Robert W. Baird lifted their target price on Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Truist Financial lifted their target price on Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Finally, Guggenheim restated a “neutral” rating on shares of Under Armour in a research note on Friday, February 7th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $9.09.

About Under Armour

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.