Marcum Wealth LLC Buys New Holdings in Under Armour, Inc. (NYSE:UAA)

Marcum Wealth LLC bought a new stake in Under Armour, Inc. (NYSE:UAA) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 47,761 shares of the company’s stock, valued at approximately $395,000.

Several other hedge funds have also recently added to or reduced their stakes in UAA. Commonwealth Equity Services LLC raised its holdings in Under Armour by 14.7% during the second quarter. Commonwealth Equity Services LLC now owns 103,150 shares of the company’s stock worth $688,000 after purchasing an additional 13,209 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Under Armour by 16.1% during the second quarter. Victory Capital Management Inc. now owns 165,520 shares of the company’s stock worth $1,104,000 after purchasing an additional 22,930 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Under Armour during the second quarter worth approximately $80,000. Federated Hermes Inc. raised its holdings in Under Armour by 6.8% during the second quarter. Federated Hermes Inc. now owns 188,609 shares of the company’s stock worth $1,258,000 after purchasing an additional 11,961 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Under Armour by 12.7% during the second quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock worth $62,376,000 after purchasing an additional 1,051,143 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Under Armour Trading Down 1.2 %

Shares of UAA stock opened at $8.20 on Wednesday. The firm has a 50-day moving average price of $9.15 and a 200 day moving average price of $8.28. Under Armour, Inc. has a twelve month low of $6.17 and a twelve month high of $11.89. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of -273.24 and a beta of 1.70. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30.

Insider Activity at Under Armour

In other news, CFO David Bergman sold 30,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the completion of the transaction, the chief financial officer now owns 494,210 shares of the company’s stock, valued at $4,492,368.90. This represents a 5.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mehri Shadman sold 17,240 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $8.76, for a total transaction of $151,022.40. Following the transaction, the insider now directly owns 182,538 shares of the company’s stock, valued at approximately $1,599,032.88. This represents a 8.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,879 shares of company stock valued at $508,642. 15.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

UAA has been the topic of a number of recent research reports. Truist Financial lifted their target price on shares of Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a report on Friday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a report on Friday, December 13th. Barclays cut their target price on shares of Under Armour from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Monday, December 16th. Wells Fargo & Company lifted 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, Telsey Advisory Group reiterated a “market perform” rating and issued a $10.00 price objective on shares of Under Armour in a research report on Friday, December 13th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus 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.