Certuity LLC Makes New $130,000 Investment in Under Armour, Inc. (NYSE:UAA)

Certuity LLC bought a new position in shares of Under Armour, Inc. (NYSE:UAA) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 15,691 shares of the company’s stock, valued at approximately $130,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC boosted its holdings in 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 buying an additional 9,653,154 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Under Armour by 33,725.1% during the 3rd quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock worth $85,526,000 after acquiring an additional 9,570,512 shares in the last quarter. Quantinno Capital Management LP grew its holdings in shares of Under Armour by 195.8% in the 3rd quarter. Quantinno Capital Management LP now owns 903,257 shares of the company’s stock worth $8,048,000 after acquiring an additional 597,943 shares during the period. Disciplined Growth Investors Inc. MN increased its stake in Under Armour by 6.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock valued at $51,149,000 after purchasing an additional 327,979 shares in the last quarter. Finally, Quantbot Technologies LP raised its holdings in Under Armour by 288.1% during 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 during the last quarter. 34.58% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Under Armour

In other Under Armour news, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mehri Shadman sold 9,639 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $8.81, for a total value 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. This trade represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on UAA. Needham & Company LLC restated a “hold” rating on shares of Under Armour in a research report on Friday, February 7th. Argus downgraded shares of Under Armour from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Robert W. Baird upped their price target on shares of Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Wells Fargo & Company increased their price target on shares of Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Finally, TD Cowen lifted their price objective on Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $9.09.

Under Armour Stock Up 1.8 %

UAA opened at $7.27 on Friday. Under Armour, Inc. has a 12 month low of $6.17 and a 12 month high of $11.89. The business has a 50-day moving average of $8.45 and a two-hundred day moving average of $8.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.24. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of -25.05 and a beta of 1.69.

Under Armour (NYSE:UAA) last released its earnings results 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 2.39% and a positive return on equity of 11.03%. During the same period in the prior year, the business earned $0.19 earnings per share. On average, research analysts expect that Under Armour, Inc. will post 0.29 earnings per share for the current year.

Under Armour Company 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.