Townsquare Capital LLC Invests $103,000 in Under Armour, Inc. (NYSE:UAA)

Townsquare Capital LLC acquired a new stake in shares of Under Armour, Inc. (NYSE:UAA) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,605 shares of the company’s stock, valued at approximately $103,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UAA. Price T Rowe Associates Inc. MD raised its stake in Under Armour by 7.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 93,829 shares of the company’s stock valued at $693,000 after buying an additional 6,107 shares during the last quarter. Lecap Asset Management Ltd. bought a new position in Under Armour in the second quarter valued at about $344,000. Optas LLC purchased a new position in Under Armour in the second quarter worth about $72,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Under Armour by 49.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,435 shares of the company’s stock valued at $1,143,000 after purchasing an additional 56,440 shares during the period. Finally, Panagora Asset Management Inc. grew its stake in shares of Under Armour by 104.0% during the 2nd quarter. Panagora Asset Management Inc. now owns 27,073 shares of the company’s stock valued at $181,000 after purchasing an additional 13,801 shares during the period. Institutional investors own 34.58% of the company’s stock.

Insider Buying and Selling at Under Armour

In other news, insider Mehri Shadman sold 9,639 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 172,899 shares in the company, valued at approximately $1,523,240.19. This represents a 5.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,879 shares of company stock worth $508,642. Insiders own 15.60% of the company’s stock.

Under Armour Trading Up 0.9 %

Under Armour stock opened at $10.12 on Friday. Under Armour, Inc. has a 1 year low of $6.17 and a 1 year high of $11.89. The firm’s 50 day moving average price is $9.24 and its 200-day moving average price is $7.95. 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 cap of $4.38 billion, a P/E ratio of -337.22, a PEG ratio of 3.80 and a beta of 1.69.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UAA. Robert W. Baird increased their price objective on shares of Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. TD Cowen increased their price target on shares of Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a research report on Friday, November 22nd. Argus upgraded Under Armour to a “strong-buy” rating in a research note on Thursday, August 15th. Finally, Wells Fargo & Company lifted their target price 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 equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Under Armour presently has a consensus rating of “Hold” and an average target price of $9.03.

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.