Cim Investment Management Inc. Lowers Stock Position in Under Armour, Inc. (NYSE:UAA)

Cim Investment Management Inc. cut its position in shares of Under Armour, Inc. (NYSE:UAA) by 1.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 118,093 shares of the company’s stock after selling 2,305 shares during the period. Cim Investment Management Inc.’s holdings in Under Armour were worth $1,052,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings 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 purchasing an additional 9,653,154 shares in the last quarter. Pacer Advisors Inc. lifted its holdings 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 purchasing an additional 9,570,512 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Under Armour by 12.7% during the second quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock valued at $62,376,000 after purchasing an additional 1,051,143 shares in the last quarter. Quantinno Capital Management LP lifted its holdings 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 purchasing an additional 597,943 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN lifted its holdings 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 purchasing an additional 327,979 shares in the last quarter. 34.58% of the stock is owned by hedge funds and other institutional investors.

Under Armour Trading Down 2.2 %

Shares of UAA traded down $0.23 during trading on Thursday, reaching $10.07. 428,866 shares of the company traded hands, compared to its average volume of 10,093,166. Under Armour, Inc. has a twelve month low of $6.17 and a twelve month high of $11.89. The stock has a market cap of $4.35 billion, a PE ratio of -343.33 and a beta of 1.69. The stock has a 50-day simple moving average of $9.32 and a 200-day simple moving average of $8.02. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30.

Insider Buying and Selling at Under Armour

In other Under Armour news, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction dated 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 directly owns 494,210 shares in the company, valued at $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 available at the SEC website. Also, insider Mehri Shadman sold 17,240 shares of Under Armour stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $8.76, for a total transaction of $151,022.40. Following the sale, the insider now owns 182,538 shares of the company’s stock, valued at approximately $1,599,032.88. This represents a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,879 shares of company stock worth $508,642 over the last three months. Insiders own 15.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a report on Friday, November 22nd. TD Cowen increased their target price on shares of Under Armour from $7.00 to $8.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Truist Financial increased their target price on shares of Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, November 8th. UBS Group increased their target price on shares of Under Armour from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Argus upgraded shares of Under Armour to a “strong-buy” rating in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $9.03.

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.