Finance

What Recent Ownership Trends Suggest About Under Armour, Inc. (UAA)’s Future Performance

Recent insider trends for Under Armour, Inc. (NYSE:UAA) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of UAA, the data has a lot to say about how the stock might perform going forward.

Institutions own 80.07% of Under Armour, Inc. (UAA)’s shares. The total value of these holdings, in millions, is $2,475. Among active positions in the latest quarter, 180 holders increased their positions by a total of 23.97 million shares, 234 holders decreased the positions by a total of 10.88 million shares, and 83 holders held their positions. This works out to a net increase in ownership of 13.09 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 61 holders initiated new positions by a total of 8.59 million shares and 71 holders exited their positions by a total of 2.16 million shares. This nets out to an increase of 6.43 million shares and is a bullish sign for UAA.

Insider ownership increased by a total of 0 shares, which suggests that UAA’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a different story: insiders executed 16 sells, and ownership decreased by a net of 82528 shares.



Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. Under Armour, Inc. (NYSE:UAA)’s short interest is 56.18 million shares, or 15.20% of the float. This represents a decrease of -2% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for UAA. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that UAA is a buy, which implies that UAA is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Under Armour, Inc. (NYSE:UAA) is undervalued.

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