Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 190,785 Under Armour, Inc. (NYSE:UAA)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Under Armour, Inc. (NYSE:UAA) during the third quarter, Holdings Channel reports. The institutional investor acquired 190,785 shares of the company’s stock, valued at approximately $1,700,000.

Several other institutional investors have also recently made changes to their positions in UAA. Allspring Global Investments Holdings LLC purchased a new stake in Under Armour during the third quarter worth $56,000. CWM LLC boosted its stake in shares of Under Armour by 20.7% during 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. City State Bank grew its position in shares of Under Armour by 292.6% during the 3rd quarter. City State Bank now owns 10,063 shares of the company’s stock valued at $90,000 after acquiring an additional 7,500 shares during the period. Baker Avenue Asset Management LP purchased a new position in shares of Under Armour in the 3rd quarter valued at about $92,000. Finally, KBC Group NV raised its holdings in Under Armour by 39.6% in the 3rd quarter. KBC Group NV now owns 10,659 shares of the company’s stock worth $95,000 after purchasing an additional 3,024 shares during the period. 34.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on UAA. TD Cowen boosted 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. Truist Financial upped their price objective on shares of Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Telsey Advisory Group reiterated a “market perform” rating and issued a $8.00 target price on shares of Under Armour in a research report on Monday, November 4th. Barclays boosted their target price on shares of Under Armour from $8.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research note on Friday. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.03.

Under Armour Price Performance

Shares of UAA stock opened at $9.80 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24. The company has a market capitalization of $4.24 billion, a PE ratio of -326.56, a price-to-earnings-growth ratio of 3.56 and a beta of 1.66. The firm’s 50-day moving average is $8.87 and its two-hundred day moving average is $7.73. Under Armour, Inc. has a 12 month low of $6.17 and a 12 month high of $11.89.

Insider Transactions at Under Armour

In related news, insider Mehri Shadman sold 9,639 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 172,899 shares in the company, valued at approximately $1,523,240.19. This represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 15.60% of the company’s stock.

About Under Armour

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.