Geode Capital Management LLC Has $25.68 Million Holdings in Under Armour, Inc. (NYSE:UAA)

Geode Capital Management LLC lessened its position in Under Armour, Inc. (NYSE:UAA) by 8.0% during the third quarter, Holdings Channel reports. The institutional investor owned 2,881,081 shares of the company’s stock after selling 249,650 shares during the quarter. Geode Capital Management LLC’s holdings in Under Armour were worth $25,679,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings 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 acquiring an additional 56,440 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in Under Armour by 104.0% in the 2nd quarter. Panagora Asset Management Inc. now owns 27,073 shares of the company’s stock valued at $181,000 after acquiring an additional 13,801 shares during the period. iA Global Asset Management Inc. grew its position in shares of Under Armour by 30.4% in the second quarter. iA Global Asset Management Inc. now owns 70,323 shares of the company’s stock valued at $469,000 after purchasing an additional 16,377 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Under Armour by 14.7% during the second quarter. Commonwealth Equity Services LLC now owns 103,150 shares of the company’s stock worth $688,000 after purchasing an additional 13,209 shares during the period. Finally, Privium Fund Management B.V. lifted its holdings in Under Armour by 1.5% during the 2nd quarter. Privium Fund Management B.V. now owns 226,200 shares of the company’s stock worth $1,457,000 after purchasing an additional 3,300 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Stock Performance

NYSE:UAA opened at $8.38 on Friday. 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 firm has a market capitalization of $3.62 billion, a PE ratio of -279.24 and a beta of 1.69. Under Armour, Inc. has a twelve month low of $6.17 and a twelve month high of $11.89. The stock’s 50-day simple moving average is $9.28 and its 200 day simple moving average is $8.14.

Wall Street Analyst Weigh In

Several research analysts have weighed in on UAA shares. Wells Fargo & Company increased their price objective 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. Barclays dropped their price objective on shares of Under Armour from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Monday, December 16th. TD Cowen increased their target price on shares of Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Robert W. Baird boosted their price target on Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, UBS Group raised their price objective on Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $9.28.

Insider Transactions at Under Armour

In other news, insider Mehri Shadman sold 9,639 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $8.81, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David Bergman sold 30,000 shares of the business’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 owns 494,210 shares in the company, valued at $4,492,368.90. This 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.