Venturi Wealth Management LLC Boosts Stock Holdings in Under Armour, Inc. (NYSE:UAA)

Venturi Wealth Management LLC boosted its position in shares of Under Armour, Inc. (NYSE:UAA) by 78.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,804 shares of the company’s stock after acquiring an additional 9,132 shares during the period. Venturi Wealth Management LLC’s holdings in Under Armour were worth $172,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. FMR LLC grew its stake in Under Armour by 144,746.6% during the third quarter. FMR LLC now owns 9,659,823 shares of the company’s stock valued at $86,069,000 after acquiring an additional 9,653,154 shares in the last quarter. Pacer Advisors Inc. grew its stake in Under Armour by 33,725.1% during the third quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock valued at $85,526,000 after acquiring an additional 9,570,512 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its stake in Under Armour by 6.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock valued at $51,149,000 after acquiring an additional 327,979 shares in the last quarter. Verition Fund Management LLC grew its stake in Under Armour by 27.2% during the third quarter. Verition Fund Management LLC now owns 1,258,342 shares of the company’s stock valued at $11,212,000 after acquiring an additional 269,281 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in Under Armour by 195.8% during the third quarter. Quantinno Capital Management LP now owns 903,257 shares of the company’s stock valued at $8,048,000 after acquiring an additional 597,943 shares in the last quarter. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on UAA. Wells Fargo & Company boosted their price objective on shares of Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Argus cut shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Robert W. Baird boosted their price target 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. Morgan Stanley reissued an “underweight” rating and issued a $4.00 price target on shares of Under Armour in a research note on Friday, December 13th. Finally, Barclays cut their price target on shares of Under Armour from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Under Armour currently has a consensus rating of “Hold” and a consensus target price of $9.09.

Under Armour Price Performance

Shares of Under Armour stock opened at $7.09 on Friday. Under Armour, Inc. has a 52-week low of $6.17 and a 52-week high of $11.89. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of -24.43 and a beta of 1.69. The company has a fifty day moving average of $8.07 and a 200-day moving average of $8.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same quarter in the previous year, the company posted $0.19 earnings per share. Equities research analysts expect that Under Armour, Inc. will post 0.3 EPS for the current year.

Insider Buying and Selling at Under Armour

In other Under Armour news, CFO David Bergman sold 30,000 shares of the 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 sale, the chief financial officer now owns 494,210 shares of the company’s stock, valued at $4,492,368.90. This represents a 5.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 15.60% of the stock is currently owned by corporate insiders.

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.