Verition Fund Management LLC Increases Holdings in Under Armour, Inc. (NYSE:UAA)

Verition Fund Management LLC boosted its stake in Under Armour, Inc. (NYSE:UAA) by 27.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,258,342 shares of the company’s stock after purchasing an additional 269,281 shares during the period. Verition Fund Management LLC owned approximately 0.29% of Under Armour worth $11,212,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in UAA. Vanguard Group Inc. lifted its position in shares of Under Armour by 1.0% during the first quarter. Vanguard Group Inc. now owns 18,247,340 shares of the company’s stock worth $134,665,000 after purchasing an additional 173,817 shares in the last quarter. FMR LLC increased its position in shares of Under Armour by 144,746.6% during the third quarter. FMR LLC now owns 9,659,823 shares of the company’s stock worth $86,069,000 after acquiring an additional 9,653,154 shares during the last quarter. Pacer Advisors Inc. boosted its holdings 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 valued at $85,526,000 after purchasing an additional 9,570,512 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Under Armour by 12.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock valued at $62,376,000 after purchasing an additional 1,051,143 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN increased its holdings in Under Armour by 1.3% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock worth $36,102,000 after purchasing an additional 70,731 shares during the last quarter. 34.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the business’s stock in a transaction on Monday, November 18th. The stock was 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 15.60% of the company’s stock.

Under Armour Stock Performance

NYSE UAA opened at $9.71 on Friday. The company has a 50-day moving average price of $9.06 and a two-hundred day moving average price of $7.83. 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 analysts have recently weighed in on UAA shares. Wedbush raised their price target on shares of Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Stifel Nicolaus raised their price objective on shares of Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Robert W. Baird upped their target price on shares of Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a report on Friday, November 22nd. 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 equities research 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. Based on data from MarketBeat, Under Armour presently has an average rating of “Hold” and a consensus price target of $9.03.

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.