Under Armour, Inc. (NYSE:UAA) Stock Position Decreased by Virtu Financial LLC

Virtu Financial LLC trimmed its position in shares of Under Armour, Inc. (NYSE:UAA) by 74.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,597 shares of the company’s stock after selling 91,276 shares during the quarter. Virtu Financial LLC’s holdings in Under Armour were worth $282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in UAA. Nomura Asset Management Co. Ltd. increased its position in Under Armour by 163.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock worth $26,000 after buying an additional 1,800 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Under Armour in the 3rd quarter valued at approximately $56,000. Optas LLC acquired a new stake in Under Armour in the 2nd quarter worth approximately $72,000. CWM LLC boosted its position in Under Armour by 20.7% during the third quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after purchasing an additional 1,409 shares during the period. Finally, Koss Olinger Consulting LLC bought a new stake in Under Armour during the second quarter worth approximately $79,000. Institutional investors own 34.58% of the company’s stock.

Under Armour Trading Up 3.9 %

NYSE UAA opened at $8.65 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 current ratio of 2.18 and a quick ratio of 1.24. The firm has a market cap of $3.74 billion, a P/E ratio of -288.17 and a beta of 1.69. The stock’s 50-day moving average is $9.34 and its 200-day moving average is $8.07.

Insider Buying and Selling

In other Under Armour news, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction dated 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 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 value of $84,919.59. Following the transaction, the insider now directly owns 172,899 shares of the company’s stock, valued at $1,523,240.19. This represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 56,879 shares of company stock valued at $508,642. 15.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. BMO Capital Markets increased their price objective on Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Robert W. Baird boosted their target price on shares of Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. TD Cowen increased their price target 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. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research report on Friday, December 13th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Under Armour has an average rating of “Hold” and an average price target of $9.28.

About Under Armour

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.