Caprock Group LLC Invests $106,000 in Under Armour, Inc. (NYSE:UAA)

Caprock Group LLC bought a new stake in shares of Under Armour, Inc. (NYSE:UAA) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,847 shares of the company’s stock, valued at approximately $106,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in shares of Under Armour by 12.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock worth $62,376,000 after acquiring an additional 1,051,143 shares during the period. Janus Henderson Group PLC grew its stake in Under Armour by 27.2% in the first quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company’s stock worth $28,712,000 after purchasing an additional 831,202 shares during the period. Lumbard & Kellner LLC bought a new position in Under Armour in the first quarter worth $3,394,000. Vanguard Group Inc. lifted its position in Under Armour by 1.0% during the first quarter. Vanguard Group Inc. now owns 18,247,340 shares of the company’s stock valued at $134,665,000 after buying an additional 173,817 shares during the period. Finally, Jane Street Group LLC lifted its position in Under Armour by 40.5% during the first quarter. Jane Street Group LLC now owns 562,031 shares of the company’s stock valued at $4,148,000 after buying an additional 162,013 shares during the period. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Under Armour Price Performance

Shares of UAA opened at $9.80 on Tuesday. The firm has a fifty day simple moving average of $8.87 and a two-hundred day simple moving average of $7.73. The firm has a market cap of $4.24 billion, a PE ratio of -326.56, a P/E/G ratio of 3.56 and a beta of 1.66. 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, Inc. has a 1-year low of $6.17 and a 1-year high of $11.89.

Insider Buying and Selling

In related news, insider Mehri Shadman sold 9,639 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $8.81, for a total value of $84,919.59. Following the transaction, the insider now owns 172,899 shares of the company’s stock, valued at approximately $1,523,240.19. This trade represents a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 15.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

UAA has been the subject of several research reports. Stifel Nicolaus increased their price target on shares of Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. UBS Group raised their target price on shares of Under Armour from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Robert W. Baird boosted their price target on Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. TD Cowen raised their price objective on Under Armour from $7.00 to $8.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Finally, Truist Financial boosted their target price on Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.