Venturi Wealth Management LLC Has $104,000 Stake in Under Armour, Inc. (NYSE:UAA)

Venturi Wealth Management LLC grew its stake in Under Armour, Inc. (NYSE:UAA) by 268.1% during the third quarter, HoldingsChannel reports. The firm owned 11,672 shares of the company’s stock after buying an additional 8,501 shares during the quarter. Venturi Wealth Management LLC’s holdings in Under Armour were worth $104,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in UAA. CWM LLC lifted 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 during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Under Armour by 11.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock valued at $123,000 after acquiring an additional 1,409 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Under Armour by 7.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company’s stock valued at $203,000 after acquiring an additional 1,485 shares in the last quarter. Texas Permanent School Fund Corp grew its position in Under Armour by 1.1% during the 1st quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company’s stock worth $1,216,000 after acquiring an additional 1,746 shares during the last quarter. Finally, Sei Investments Co. increased its holdings 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 purchasing an additional 1,764 shares in the last quarter. 34.58% of the stock is owned by institutional investors.

Under Armour Price Performance

UAA stock opened at $9.87 on Friday. Under Armour, Inc. has a 1 year low of $6.17 and a 1 year high of $11.89. The stock has a market capitalization of $4.27 billion, a PE ratio of -329.00, a price-to-earnings-growth ratio of 3.59 and a beta of 1.66. The company’s 50-day moving average is $8.57 and its 200-day moving average is $7.58. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on UAA shares. TD Cowen lifted their price target on Under Armour from $7.00 to $8.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Wedbush upped their price target on shares of Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a research report on Friday, August 9th. BMO Capital Markets lifted their price target on shares of Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. 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. Finally, Argus raised Under Armour to a “strong-buy” rating in a report on Thursday, August 15th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Under Armour presently has an average rating of “Hold” and an average target price of $9.03.

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.