Maven Securities LTD Acquires New Holdings in Under Armour, Inc. $UAA

Key Points

• Maven Securities LTD acquired a new stake in Under Armour, purchasing 265,211 shares valued at approximately $1.66 million, representing about 0.06% of the company as of its latest SEC filing.
• Multiple institutional investors, including Cerity Partners and HB Wealth Management, also established new positions in Under Armour during the first quarter, with institutional ownership now at 34.58%.
• Under Armour's stock has received mixed ratings from analysts, with a consensus rating of "Hold" and a price target averaging around $6.74, reflecting cautious sentiment amidst recent earnings results.

Maven Securities LTD purchased a new stake in Under Armour, Inc. (NYSE:UAA - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 265,211 shares of the company's stock, valued at approximately $1,658,000. Maven Securities LTD owned approximately 0.06% of Under Armour as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of UAA. Cerity Partners LLC bought a new position in Under Armour in the first quarter valued at approximately $66,000. Motley Fool Asset Management LLC bought a new position in Under Armour in the first quarter valued at approximately $68,000. LGT Group Foundation bought a new position in Under Armour in the first quarter valued at approximately $70,000. Vident Advisory LLC bought a new position in Under Armour in the fourth quarter valued at approximately $85,000. Finally, HB Wealth Management LLC bought a new position in Under Armour in the first quarter valued at approximately $88,000. Institutional investors own 34.58% of the company's stock.

Insider Buying and Selling at Under Armour

In other Under Armour news, insider Mehri Shadman sold 16,287 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total transaction of $100,002.18. Following the sale, the insider directly owned 191,796 shares of the company's stock, valued at approximately $1,177,627.44. This represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Dawn N. Fitzpatrick acquired 100,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was bought at an average price of $4.93 per share, for a total transaction of $493,000.00. Following the completion of the acquisition, the director owned 133,696 shares of the company's stock, valued at approximately $659,121.28. The trade was a 296.77% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 15.60% of the company's stock.

Wall Street Analyst Weigh In

UAA has been the topic of a number of research reports. Citigroup reaffirmed a "neutral" rating and issued a $5.50 price target (down previously from $6.00) on shares of Under Armour in a research note on Monday, August 11th. The Goldman Sachs Group assumed coverage on shares of Under Armour in a research note on Wednesday, July 2nd. They issued a "neutral" rating and a $7.00 price target on the stock. Robert W. Baird cut their price objective on shares of Under Armour from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Monday, August 11th. Truist Financial cut their price objective on shares of Under Armour from $9.00 to $7.00 and set a "hold" rating on the stock in a research report on Wednesday, May 14th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Under Armour in a research report on Wednesday, May 14th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $6.74.

Under Armour Stock Performance

NYSE UAA opened at $5.18 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 0.93 and a debt-to-equity ratio of 0.21. The firm's fifty day moving average price is $6.62 and its two-hundred day moving average price is $6.53. Under Armour, Inc. has a 1 year low of $4.78 and a 1 year high of $11.89. The firm has a market capitalization of $2.22 billion, a P/E ratio of 23.55, a price-to-earnings-growth ratio of 2.41 and a beta of 1.61.

Under Armour (NYSE:UAA - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). Under Armour had a return on equity of 7.24% and a net margin of 1.99%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the company posted $0.01 earnings per share. The business's revenue was down 4.2% compared to the same quarter last year. As a group, research analysts anticipate that Under Armour, Inc. will post 0.3 EPS for the current year.

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.

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