Neo Ivy Capital Management Takes $1.48 Million Position in Under Armour, Inc. (NYSE:UAA)

Neo Ivy Capital Management acquired a new stake in Under Armour, Inc. (NYSE:UAA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 166,244 shares of the company’s stock, valued at approximately $1,482,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in Under Armour by 7.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 93,829 shares of the company’s stock worth $693,000 after purchasing an additional 6,107 shares in the last quarter. Lecap Asset Management Ltd. purchased a new position in Under Armour during the second quarter worth approximately $344,000. Optas LLC purchased a new position in Under Armour during the second quarter worth approximately $72,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Under Armour by 49.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,435 shares of the company’s stock worth $1,143,000 after purchasing an additional 56,440 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its position in Under Armour by 104.0% during the second quarter. Panagora Asset Management Inc. now owns 27,073 shares of the company’s stock worth $181,000 after purchasing an additional 13,801 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Under Armour Price Performance

NYSE:UAA opened at $10.09 on Wednesday. Under Armour, Inc. has a one year low of $6.17 and a one year high of $11.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18. The stock has a market cap of $4.36 billion, a PE ratio of -336.17 and a beta of 1.69. The stock has a 50 day moving average price of $9.29 and a 200 day moving average price of $8.00.

Wall Street Analyst Weigh In

UAA has been the topic of a number of recent analyst reports. UBS Group increased their price target on Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Truist Financial increased their price target on Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Wells Fargo & Company increased their price target on Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Telsey Advisory Group reissued a “market perform” rating and set a $8.00 target price on shares of Under Armour in a report on Monday, November 4th. Finally, Barclays increased their target price on Under Armour from $8.00 to $12.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $9.03.

Insider Activity at Under Armour

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $1,523,240.19. This trade represents a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the chief financial officer now directly owns 494,210 shares of the company’s stock, valued at approximately $4,492,368.90. This trade represents a 5.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,879 shares of company stock valued at $508,642. 15.60% of the stock is currently owned by insiders.

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.