Retirement Systems of Alabama Has $2.04 Million Position in Under Armour, Inc. (NYSE:UAA)

Retirement Systems of Alabama cut its stake in Under Armour, Inc. (NYSE:UAA) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 229,373 shares of the company’s stock after selling 3,653 shares during the quarter. Retirement Systems of Alabama owned 0.05% of Under Armour worth $2,044,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP raised its position in shares of Under Armour by 288.1% during the third quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock worth $3,772,000 after purchasing an additional 314,226 shares during the period. Disciplined Growth Investors Inc. MN boosted its position in Under Armour by 1.3% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock worth $36,102,000 after acquiring an additional 70,731 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new position in shares of Under Armour during the 3rd quarter worth approximately $576,000. International Assets Investment Management LLC raised its holdings in shares of Under Armour by 2,413.5% in the third quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock valued at $638,000 after purchasing an additional 68,786 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Under Armour by 48.1% during the third quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock worth $5,470,000 after purchasing an additional 199,348 shares during the last quarter. Institutional investors own 34.58% of the company’s stock.

Under Armour Price Performance

NYSE:UAA opened at $8.62 on Friday. The firm’s 50-day simple moving average is $9.35 and its 200 day simple moving average is $8.10. Under Armour, Inc. has a 52 week low of $6.17 and a 52 week high of $11.89. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of -287.24 and a beta of 1.69. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18.

Insider Activity

In other news, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the transaction, the chief financial officer now directly owns 494,210 shares in the company, valued at approximately $4,492,368.90. The trade was a 5.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mehri Shadman sold 9,639 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $8.81, for a total transaction of $84,919.59. Following the sale, the insider now directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,879 shares of company stock worth $508,642. Corporate insiders own 15.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. UBS Group lifted their price target on shares of Under Armour from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 8th. BMO Capital Markets boosted their price target on Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research note on Friday, December 13th. Wells Fargo & Company upped their target price on shares of Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Finally, TD Cowen lifted their price target on Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $9.28.

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.