Mirabella Financial Services LLP Cuts Stake in Under Armour, Inc. (NYSE:UAA)

Mirabella Financial Services LLP cut its stake in Under Armour, Inc. (NYSE:UAA) by 48.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,504,541 shares of the company’s stock after selling 2,331,662 shares during the quarter. Under Armour makes up approximately 1.4% of Mirabella Financial Services LLP’s portfolio, making the stock its 16th largest holding. Mirabella Financial Services LLP owned approximately 0.58% of Under Armour worth $22,315,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Under Armour by 1.0% during the first quarter. Vanguard Group Inc. now owns 18,247,340 shares of the company’s stock worth $134,665,000 after purchasing an additional 173,817 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Under Armour by 33,725.1% in the third quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock valued at $85,526,000 after acquiring an additional 9,570,512 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Under Armour by 12.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock valued at $62,376,000 after buying an additional 1,051,143 shares during the period. Disciplined Growth Investors Inc. MN grew its holdings 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 in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Under Armour by 27.2% during the first quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company’s stock worth $28,712,000 after purchasing an additional 831,202 shares in the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Robert W. Baird increased their price target on shares of Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. BMO Capital Markets boosted their price objective on shares of Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Wedbush raised their price target on Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a report on Friday, August 9th. Truist Financial boosted their price objective on shares of Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Finally, Stifel Nicolaus boosted their target price on Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.03.

Under Armour Stock Up 1.4 %

UAA opened at $9.65 on Monday. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of -317.23, a price-to-earnings-growth ratio of 3.56 and a beta of 1.66. 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 business has a 50-day moving average of $8.87 and a two-hundred day moving average of $7.73. Under Armour, Inc. has a 12 month low of $6.17 and a 12 month high of $11.89.

Insider Buying and Selling at Under Armour

In other news, insider Mehri Shadman sold 9,639 shares of Under Armour stock in a transaction dated 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. The trade was a 5.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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.