MCF Advisors LLC Raises Stock Position in Under Armour, Inc. (NYSE:UAA)

MCF Advisors LLC grew its holdings in Under Armour, Inc. (NYSE:UAA) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,187 shares of the company’s stock after acquiring an additional 1,419 shares during the period. MCF Advisors LLC’s holdings in Under Armour were worth $167,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in UAA. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Under Armour by 163.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after purchasing an additional 1,800 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Under Armour during the third quarter valued at approximately $56,000. CWM LLC boosted its stake in Under Armour by 20.7% during the third quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after buying an additional 1,409 shares during the last quarter. Versant Capital Management Inc boosted its stake in Under Armour by 63.2% during the fourth quarter. Versant Capital Management Inc now owns 10,037 shares of the company’s stock valued at $83,000 after buying an additional 3,885 shares during the last quarter. Finally, City State Bank boosted its stake in Under Armour by 292.6% during the third quarter. City State Bank now owns 10,063 shares of the company’s stock valued at $90,000 after buying an additional 7,500 shares during the last quarter. Institutional investors own 34.58% of the company’s stock.

Analyst Upgrades and Downgrades

UAA has been the subject of a number of research reports. Morgan Stanley reissued an “underweight” rating and set a $4.00 price target on shares of Under Armour in a research note on Friday, December 13th. Wells Fargo & Company increased their price target on Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a research note on Friday, December 13th. Argus downgraded Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Finally, Robert W. Baird upped their price objective on Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Under Armour has a consensus rating of “Hold” and a consensus target price of $9.28.

Insider Transactions at Under Armour

In related news, insider Mehri Shadman sold 17,240 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $8.76, for a total value of $151,022.40. Following the completion of the transaction, the insider now owns 182,538 shares in the company, valued at $1,599,032.88. This trade represents a 8.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO David Bergman sold 30,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the transaction, the chief financial officer now owns 494,210 shares of the company’s stock, valued at $4,492,368.90. This trade represents a 5.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,879 shares of company stock valued at $508,642 in the last quarter. 15.60% of the stock is currently owned by corporate insiders.

Under Armour Stock Up 0.7 %

Under Armour stock opened at $8.60 on Thursday. 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 stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of -286.57 and a beta of 1.70. Under Armour, Inc. has a 1-year low of $6.17 and a 1-year high of $11.89. The business has a fifty day moving average price of $8.97 and a 200-day moving average price of $8.35.

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.