Maven Securities LTD Reduces Position in Under Armour, Inc. (NYSE:UAA)

Maven Securities LTD decreased its position in Under Armour, Inc. (NYSE:UAA) by 19.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,081,478 shares of the company’s stock after selling 260,320 shares during the period. Under Armour makes up about 0.2% of Maven Securities LTD’s portfolio, making the stock its 13th biggest holding. Maven Securities LTD owned about 0.25% of Under Armour worth $9,636,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in Under Armour during the 3rd quarter worth about $56,000. Optas LLC acquired a new stake in Under Armour during the second quarter worth about $72,000. CWM LLC raised its position 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 acquiring an additional 1,409 shares in the last quarter. Koss Olinger Consulting LLC acquired a new position in Under Armour in the second quarter valued at approximately $79,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Under Armour in the 2nd quarter worth approximately $80,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

Insider Buying and Selling at Under Armour

In other news, CFO David Bergman sold 30,000 shares of the 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 in the company, valued at approximately $4,492,368.90. This trade represents a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mehri Shadman sold 17,240 shares of the business’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 transaction, the insider now directly owns 182,538 shares of the company’s stock, valued at $1,599,032.88. The trade was a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,879 shares of company stock valued at $508,642 over the last quarter. 15.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Wells Fargo & Company boosted their price objective 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. Wedbush boosted their price target on shares of Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a report on Friday, August 9th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $8.00 price objective on shares of Under Armour in a report on Monday, November 4th. Finally, TD Cowen upped 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. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $9.03.

Under Armour Price Performance

Shares of UAA opened at $10.19 on Wednesday. The firm has a 50-day simple moving average of $9.15 and a two-hundred day simple moving average of $7.88. Under Armour, Inc. has a 1-year low of $6.17 and a 1-year high of $11.89. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30.

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.