Venturi Wealth Management LLC Boosts Holdings in Under Armour, Inc. (NYSE:UAA)

Venturi Wealth Management LLC lifted its stake in Under Armour, Inc. (NYSE:UAA) by 78.2% in the 4th quarter, HoldingsChannel reports. The firm owned 20,804 shares of the company’s stock after buying an additional 9,132 shares during the quarter. Venturi Wealth Management LLC’s holdings in Under Armour were worth $172,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Compagnie Lombard Odier SCmA purchased a new stake in shares of Under Armour in the 4th quarter worth about $25,000. Certuity LLC purchased a new stake in shares of Under Armour in the 4th quarter worth about $130,000. Empowered Funds LLC purchased a new stake in shares of Under Armour in the 4th quarter worth about $412,000. Bleakley Financial Group LLC lifted its position in shares of Under Armour by 20.0% in the 4th quarter. Bleakley Financial Group LLC now owns 51,852 shares of the company’s stock worth $429,000 after purchasing an additional 8,627 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Under Armour in the 4th quarter worth about $27,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

Under Armour Stock Performance

Shares of UAA stock opened at $7.09 on Friday. The company has a 50 day moving average price of $8.07 and a 200-day moving average price of $8.48. Under Armour, Inc. has a 52 week low of $6.17 and a 52 week high of $11.89. The firm has a market capitalization of $3.05 billion, a PE ratio of -24.43 and a beta of 1.69. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates 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 period last year, the firm earned $0.19 earnings per share. As a group, equities research analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on UAA shares. Argus lowered shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Morgan Stanley reiterated an “underweight” rating and issued a $4.00 price target on shares of Under Armour in a research note on Friday, December 13th. UBS Group decreased their price target on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Wells Fargo & Company increased their price target on shares of Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Finally, Evercore ISI decreased their price target on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating for the company in a research note on Monday, February 10th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $9.09.

Insider Transactions at Under Armour

In other news, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 15.60% of the company’s stock.

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.