Sanctuary Advisors LLC Takes $191,000 Position in Under Armour, Inc. (NYSE:UAA)

Sanctuary Advisors LLC bought a new stake in Under Armour, Inc. (NYSE:UAA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,040 shares of the company’s stock, valued at approximately $191,000.

Several other institutional investors have also added to or reduced their stakes in UAA. CWM LLC grew its stake in Under Armour by 20.7% in the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after acquiring an additional 1,409 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Under Armour by 11.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock valued at $123,000 after purchasing an additional 1,409 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Under Armour by 7.0% in the third quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company’s stock worth $203,000 after purchasing an additional 1,485 shares in the last quarter. Sei Investments Co. lifted its position in shares of Under Armour by 10.2% during the second quarter. Sei Investments Co. now owns 18,989 shares of the company’s stock valued at $127,000 after buying an additional 1,764 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Under Armour by 163.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after buying an additional 1,800 shares during the last quarter. Institutional investors own 34.58% of the company’s stock.

Insiders Place Their Bets

In related news, CFO David Bergman sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the transaction, the chief financial officer now directly owns 494,210 shares in the company, valued at approximately $4,492,368.90. This represents a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mehri Shadman sold 9,639 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $8.81, for a total value of $84,919.59. Following the sale, the insider now directly 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,879 shares of company stock valued at $508,642. Insiders own 15.60% of the company’s stock.

Under Armour Stock Performance

UAA opened at $8.38 on Monday. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. The firm’s 50-day moving average price is $9.26 and its 200 day moving average price is $8.17. The firm has a market capitalization of $3.62 billion, a PE ratio of -279.24 and a beta of 1.69. Under Armour, Inc. has a twelve month low of $6.17 and a twelve month high of $11.89.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on UAA shares. Wells Fargo & Company increased their price objective on Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. TD Cowen raised their price objective on Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $10.00 price target on shares of Under Armour in a research report on Friday, December 13th. Robert W. Baird lifted their price target on Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Morgan Stanley reissued an “underweight” rating and set a $4.00 target price on shares of Under Armour in a research note on Friday, December 13th. Three analysts have rated the stock with a sell rating, thirteen have issued 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 an average rating of “Hold” and a consensus target price of $9.28.

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.