Orion Portfolio Solutions LLC Grows Stock Holdings in Under Armour, Inc. (NYSE:UAA)

Orion Portfolio Solutions LLC boosted its holdings in Under Armour, Inc. (NYSE:UAA) by 15.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,237 shares of the company’s stock after buying an additional 7,839 shares during the period. Orion Portfolio Solutions LLC’s holdings in Under Armour were worth $528,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. National Bank of Canada FI grew its position in shares of Under Armour by 9.4% during the 3rd quarter. National Bank of Canada FI now owns 37,703 shares of the company’s stock valued at $336,000 after purchasing an additional 3,232 shares in the last quarter. Stifel Financial Corp grew its position in shares of Under Armour by 85.6% during the 3rd quarter. Stifel Financial Corp now owns 66,671 shares of the company’s stock valued at $594,000 after purchasing an additional 30,755 shares in the last quarter. Quantinno Capital Management LP grew its position in shares of Under Armour by 195.8% during the 3rd quarter. Quantinno Capital Management LP now owns 903,257 shares of the company’s stock valued at $8,048,000 after purchasing an additional 597,943 shares in the last quarter. Centiva Capital LP purchased a new position in shares of Under Armour during the 3rd quarter valued at $657,000. Finally, Maverick Capital Ltd. purchased a new position in shares of Under Armour during the 3rd quarter valued at $1,580,000. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Under Armour news, CFO David Bergman sold 30,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value of $272,700.00. Following the sale, the chief financial officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mehri Shadman sold 9,639 shares of the company’s stock in a transaction dated 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 sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,879 shares of company stock worth $508,642. 15.60% of the stock is currently owned by company insiders.

Under Armour Price Performance

Shares of NYSE UAA opened at $8.65 on Wednesday. Under Armour, Inc. has a 1 year low of $6.17 and a 1 year high of $11.89. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24. The company’s 50-day moving average is $9.34 and its 200 day moving average is $8.07. The stock has a market capitalization of $3.74 billion, a P/E ratio of -288.17 and a beta of 1.69.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Telsey Advisory Group restated a “market perform” rating and set a $10.00 price target on shares of Under Armour in a research report on Friday, December 13th. BMO Capital Markets lifted their price objective on shares of Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. TD Cowen lifted 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. Truist Financial lifted their price objective on shares of Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Finally, Barclays dropped their price objective on shares of Under Armour from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Monday. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Under Armour presently has an average rating of “Hold” and an average price target of $9.28.

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.