Grant GrossMendelsohn LLC Lowers Stock Holdings in Under Armour, Inc. (NYSE:UAA)

Grant GrossMendelsohn LLC lessened its holdings in Under Armour, Inc. (NYSE:UAA) by 24.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,185 shares of the company’s stock after selling 5,000 shares during the period. Grant GrossMendelsohn LLC’s holdings in Under Armour were worth $126,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Marcum Wealth LLC purchased a new stake in shares of Under Armour during the fourth quarter worth about $395,000. Harbor Capital Advisors Inc. boosted its stake in Under Armour by 40.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 66,001 shares of the company’s stock worth $546,000 after purchasing an additional 18,906 shares during the period. Everence Capital Management Inc. purchased a new stake in Under Armour during the 4th quarter valued at approximately $225,000. Versant Capital Management Inc raised its position in shares of Under Armour by 63.2% during the fourth quarter. Versant Capital Management Inc now owns 10,037 shares of the company’s stock valued at $83,000 after buying an additional 3,885 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Under Armour in the third quarter worth $191,000. 34.58% of the stock is owned by institutional investors.

Insider Activity at Under Armour

In related 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 owns 494,210 shares in the company, valued at $4,492,368.90. This trade represents a 5.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mehri Shadman sold 9,639 shares of the company’s stock in a transaction dated 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 owns 172,899 shares in the company, valued at $1,523,240.19. This represents a 5.28 % 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 in the last quarter. 15.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

UAA has been the subject of several research analyst reports. Robert W. Baird raised 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. Truist Financial raised their price objective on Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Barclays decreased their target price on Under Armour from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Monday, December 16th. Needham & Company LLC restated a “hold” rating on shares of Under Armour in a report on Friday, December 13th. Finally, Wells Fargo & Company upped their price objective on Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Under Armour currently has an average rating of “Hold” and an average target price of $9.28.

Under Armour Stock Performance

UAA opened at $8.19 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 stock’s 50 day moving average price is $9.04 and its 200-day moving average price is $8.29. Under Armour, Inc. has a one year low of $6.17 and a one year high of $11.89.

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.