Mutual of America Capital Management LLC Has $909,000 Holdings in Under Armour, Inc. (NYSE:UAA)

Mutual of America Capital Management LLC lessened its holdings in shares of Under Armour, Inc. (NYSE:UAA) by 5.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,051 shares of the company’s stock after selling 6,048 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Under Armour were worth $909,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Disciplined Growth Investors Inc. MN raised its stake in shares of Under Armour by 1.3% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock worth $36,102,000 after purchasing an additional 70,731 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new position in Under Armour during the third quarter valued at approximately $576,000. International Assets Investment Management LLC raised its position in Under Armour by 2,413.5% during the third quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock valued at $638,000 after acquiring an additional 68,786 shares in the last quarter. Jane Street Group LLC lifted its stake in Under Armour by 40.5% in the first quarter. Jane Street Group LLC now owns 562,031 shares of the company’s stock valued at $4,148,000 after acquiring an additional 162,013 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Under Armour by 1.0% in the first quarter. Vanguard Group Inc. now owns 18,247,340 shares of the company’s stock worth $134,665,000 after acquiring an additional 173,817 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on UAA shares. Wedbush lifted their price objective on shares of Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a research note on Friday, August 9th. Stifel Nicolaus upped their price target on Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Telsey Advisory Group reissued a “market perform” rating and set a $8.00 price objective on shares of Under Armour in a report on Monday, November 4th. UBS Group boosted their target price on Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Wells Fargo & Company increased their price target on Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.03.

Under Armour Price Performance

Shares of NYSE:UAA opened at $9.69 on Wednesday. Under Armour, Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $11.89. The company’s 50-day moving average is $8.91 and its 200 day moving average is $7.75. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18. The company has a market capitalization of $4.19 billion, a P/E ratio of -322.89, a price-to-earnings-growth ratio of 3.56 and a beta of 1.66.

Insiders Place Their Bets

In other news, insider Mehri Shadman sold 9,639 shares of the stock in a transaction 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 $1,523,240.19. This represents a 5.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 15.60% of the company’s stock.

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.