Moors & Cabot Inc. Takes $154,000 Position in Under Armour, Inc. (NYSE:UAA)

Moors & Cabot Inc. acquired a new stake in shares of Under Armour, Inc. (NYSE:UAA) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 17,251 shares of the company’s stock, valued at approximately $154,000.

Several other hedge funds also recently bought and sold shares of UAA. CWM LLC boosted its stake in shares of Under Armour by 20.7% during the third quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after purchasing an additional 1,409 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Under Armour by 11.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock valued at $123,000 after buying an additional 1,409 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Under Armour by 7.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company’s stock valued at $203,000 after buying an additional 1,485 shares during the period. Sei Investments Co. grew its stake in Under Armour by 10.2% in the 2nd quarter. Sei Investments Co. now owns 18,989 shares of the company’s stock worth $127,000 after acquiring an additional 1,764 shares in the last quarter. Finally, Lumbard & Kellner LLC increased its position in shares of Under Armour by 0.4% during the second quarter. Lumbard & Kellner LLC now owns 461,791 shares of the company’s stock worth $3,080,000 after acquiring an additional 1,949 shares during the period. Institutional investors own 34.58% of the company’s stock.

Under Armour Price Performance

Shares of NYSE UAA opened at $9.52 on Monday. Under Armour, Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $11.89. The company has a market cap of $4.12 billion, a PE ratio of -317.23, a P/E/G ratio of 3.56 and a beta of 1.66. 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 business has a 50-day simple moving average of $8.87 and a two-hundred day simple moving average of $7.73.

Analysts Set New Price Targets

Several research analysts recently issued reports on UAA shares. Wedbush increased their price objective on Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Wells Fargo & Company raised their price target on Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Barclays upped their price objective 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. Robert W. Baird raised their target price on shares of Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, TD Cowen upped their price target on shares of Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $9.03.

Insider Buying and Selling

In related news, insider Mehri Shadman sold 9,639 shares of the company’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 transaction, the insider now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 15.60% of the stock is owned by company 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.