Aaron Wealth Advisors LLC Sells 2,086 Shares of Under Armour, Inc. (NYSE:UAA)

Aaron Wealth Advisors LLC cut its stake in shares of Under Armour, Inc. (NYSE:UAA) by 7.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,939 shares of the company’s stock after selling 2,086 shares during the period. Aaron Wealth Advisors LLC’s holdings in Under Armour were worth $206,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of UAA. Dimensional Fund Advisors LP lifted its holdings in Under Armour by 12.7% in the second quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock valued at $62,376,000 after acquiring an additional 1,051,143 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Under Armour by 41.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,955 shares of the company’s stock valued at $106,000 after purchasing an additional 4,653 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Under Armour in the 2nd quarter worth approximately $291,000. Sei Investments Co. boosted its holdings in shares of Under Armour by 10.2% in the second quarter. Sei Investments Co. now owns 18,989 shares of the company’s stock worth $127,000 after buying an additional 1,764 shares during the last quarter. Finally, ProShare Advisors LLC bought a new stake in Under Armour during the second quarter valued at approximately $119,000. 34.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UAA has been the topic of several recent research reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $10.00 price target on shares of Under Armour in a research report on Friday, December 13th. UBS Group lifted their target price on Under Armour from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company boosted 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. Morgan Stanley reaffirmed an “underweight” rating and issued a $4.00 price objective on shares of Under Armour in a research note on Friday, December 13th. Finally, Robert W. Baird boosted their price objective on Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.28.

Under Armour Trading Up 3.8 %

Shares of UAA stock opened at $8.52 on Wednesday. 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 stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of -283.74 and a beta of 1.70. Under Armour, Inc. has a 12-month low of $6.17 and a 12-month high of $11.89. The stock’s 50-day moving average price is $9.02 and its 200-day moving average price is $8.33.

Insiders Place Their Bets

In related news, insider Mehri Shadman sold 9,639 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $8.81, for a total value of $84,919.59. Following the completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David Bergman sold 30,000 shares of the business’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 sale, the chief financial officer now directly owns 494,210 shares in the company, valued at $4,492,368.90. The trade was a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,879 shares of company stock valued at $508,642 in the last quarter. 15.60% of the stock is currently owned by insiders.

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.