Kera Capital Partners Inc. Takes $189,000 Position in Under Armour, Inc. (NYSE:UAA)

Kera Capital Partners Inc. bought a new position in shares of Under Armour, Inc. (NYSE:UAA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 22,876 shares of the company’s stock, valued at approximately $189,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. raised its position in shares of Under Armour by 163.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after buying an additional 1,800 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Under Armour during the third quarter valued at approximately $56,000. CWM LLC grew its holdings in Under Armour by 20.7% during the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after buying an additional 1,409 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Under Armour in the 2nd quarter worth approximately $80,000. Finally, Versant Capital Management Inc raised its holdings in shares of Under Armour by 63.2% during the 4th quarter. Versant Capital Management Inc now owns 10,037 shares of the company’s stock worth $83,000 after acquiring an additional 3,885 shares in the last quarter. Institutional investors own 34.58% of the company’s stock.

Insiders Place Their Bets

In other news, insider Mehri Shadman sold 17,240 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $1,599,032.88. This trade represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was 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 directly owns 494,210 shares of the company’s stock, valued at $4,492,368.90. This trade represents a 5.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,879 shares of company stock worth $508,642 in the last three months. Corporate insiders own 15.60% of the company’s stock.

Under Armour Price Performance

Shares of UAA stock opened at $8.19 on Monday. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of -272.74 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. Under Armour, Inc. has a twelve month low of $6.17 and a twelve month high of $11.89. The stock has a fifty day simple moving average of $9.04 and a two-hundred day simple moving average of $8.32.

Analyst Ratings Changes

UAA has been the topic of several research reports. TD Cowen boosted their price target on shares of Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Barclays reduced 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. Morgan Stanley reaffirmed an “underweight” rating and issued a $4.00 price target on shares of Under Armour in a report on Friday, December 13th. Wells Fargo & Company boosted their price objective on Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Finally, Argus lowered Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Under Armour has an average rating of “Hold” and an average price target 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.