M.E. Allison & CO. Inc. Purchases New Stake in Under Armour, Inc. (NYSE:UAA)

M.E. Allison & CO. Inc. acquired a new position in Under Armour, Inc. (NYSE:UAA) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,880 shares of the company’s stock, valued at approximately $156,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in shares of Under Armour by 12.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock worth $62,376,000 after purchasing an additional 1,051,143 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of Under Armour by 41.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,955 shares of the company’s stock valued at $106,000 after buying an additional 4,653 shares during the period. XTX Topco Ltd purchased a new position in shares of Under Armour during the 2nd quarter valued at $291,000. Sei Investments Co. grew its stake in shares of Under Armour by 10.2% during the 2nd quarter. Sei Investments Co. now owns 18,989 shares of the company’s stock worth $127,000 after acquiring an additional 1,764 shares during the period. Finally, ProShare Advisors LLC purchased a new stake in Under Armour in the 2nd quarter worth about $119,000. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

Under Armour Stock Up 1.3 %

UAA opened at $8.19 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. The business’s fifty day simple moving average is $9.02 and its 200 day simple moving average is $8.33. Under Armour, Inc. has a 52 week low of $6.17 and a 52 week high of $11.89. The stock has a market cap of $3.54 billion, a PE ratio of -272.74 and a beta of 1.70.

Insider Activity at Under Armour

In other Under Armour news, CFO David Bergman sold 30,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were 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 $4,492,368.90. This trade represents a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mehri Shadman sold 17,240 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $8.76, for a total transaction of $151,022.40. Following the completion of the sale, the insider now owns 182,538 shares of the company’s stock, valued at approximately $1,599,032.88. The trade was a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,879 shares of company stock valued at $508,642. Corporate insiders own 15.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. TD Cowen upped their price objective on shares of Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a report on Friday, December 13th. Barclays dropped their price target on shares of Under Armour from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Monday, December 16th. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research note on Friday, December 13th. UBS Group increased their target price on Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company lifted their price target on Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Under Armour presently has an average rating of “Hold” and a consensus price target of $9.28.

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.