Caprock Group LLC Buys 3,448 Shares of Under Armour, Inc. (NYSE:UAA)

Caprock Group LLC boosted its holdings in shares of Under Armour, Inc. (NYSE:UAA) by 29.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,295 shares of the company’s stock after buying an additional 3,448 shares during the period. Caprock Group LLC’s holdings in Under Armour were worth $127,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the business. FMR LLC grew its stake in shares of Under Armour by 144,746.6% in the 3rd quarter. FMR LLC now owns 9,659,823 shares of the company’s stock valued at $86,069,000 after purchasing an additional 9,653,154 shares during the period. Pacer Advisors Inc. boosted its stake in Under Armour by 33,725.1% in the 3rd quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock valued at $85,526,000 after buying an additional 9,570,512 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its position 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 valued at $51,149,000 after acquiring an additional 327,979 shares during the period. Verition Fund Management LLC raised its stake in Under Armour by 27.2% during the third quarter. Verition Fund Management LLC now owns 1,258,342 shares of the company’s stock worth $11,212,000 after acquiring an additional 269,281 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of Under Armour by 195.8% during the third quarter. Quantinno Capital Management LP now owns 903,257 shares of the company’s stock valued at $8,048,000 after acquiring an additional 597,943 shares during the period. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UAA has been the topic of several analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $10.00 target price on shares of Under Armour in a report on Thursday. TD Cowen raised their price objective on shares of Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Guggenheim reissued a “neutral” rating on shares of Under Armour in a report on Friday. UBS Group dropped their price target on Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Finally, Argus lowered Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Under Armour has an average rating of “Hold” and a consensus target price of $9.22.

Insider Transactions at Under Armour

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $8.81, for a total value of $84,919.59. Following the sale, the insider now directly owns 172,899 shares in the company, valued at approximately $1,523,240.19. This trade represents a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO David Bergman sold 30,000 shares of Under Armour 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 transaction, the chief financial officer now directly owns 494,210 shares in the company, valued at approximately $4,492,368.90. This represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,879 shares of company stock worth $508,642 in the last three months. Insiders own 15.60% of the company’s stock.

Under Armour Stock Down 4.1 %

Shares of NYSE UAA opened at $7.29 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 capitalization of $3.15 billion, a PE ratio of -242.75 and a beta of 1.69. The firm’s 50-day moving average is $8.67 and its 200-day moving average is $8.45. Under Armour, Inc. has a 1 year low of $6.17 and a 1 year high of $11.89.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. Under Armour had a negative net margin of 0.27% and a positive return on equity of 13.20%. During the same period in the previous year, the firm earned $0.19 EPS. Equities analysts expect that Under Armour, Inc. will post 0.27 EPS for the current year.

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.