Under Armour, Inc. (NYSE:UAA) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in shares of Under Armour, Inc. (NYSE:UAA) by 28.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 85,520 shares of the company’s stock after selling 33,460 shares during the quarter. Amalgamated Bank’s holdings in Under Armour were worth $762,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in UAA. Allspring Global Investments Holdings LLC acquired a new stake in shares of Under Armour in the 3rd quarter worth $56,000. CWM LLC increased its stake in Under Armour by 20.7% in the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after purchasing an additional 1,409 shares in the last quarter. City State Bank increased its position in Under Armour by 292.6% during the third quarter. City State Bank now owns 10,063 shares of the company’s stock worth $90,000 after buying an additional 7,500 shares in the last quarter. Optas LLC purchased a new position in Under Armour during the second quarter worth $72,000. Finally, Koss Olinger Consulting LLC acquired a new stake in shares of Under Armour during the second quarter worth $79,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UAA. Truist Financial lifted their target price on Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a report on Friday, November 8th. Wells Fargo & Company boosted 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 boosted their price objective on Under Armour from $7.00 to $8.00 and gave the company a “hold” rating in a report on Monday, November 4th. Argus upgraded Under Armour to a “strong-buy” rating in a research note on Thursday, August 15th. Finally, Wedbush upped their target price on Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Under Armour has an average rating of “Hold” and an average target price of $9.03.

Under Armour Trading Up 1.0 %

Under Armour stock opened at $9.95 on Friday. The company’s fifty day simple moving average is $8.65 and its 200-day simple moving average is $7.62. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. Under Armour, Inc. has a 12 month low of $6.17 and a 12 month high of $11.89. The stock has a market cap of $4.30 billion, a P/E ratio of -331.39, a P/E/G ratio of 3.66 and a beta of 1.66.

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.