Under Armour, Inc. (NYSE:UA) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC trimmed its holdings in Under Armour, Inc. (NYSE:UA) by 27.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,026 shares of the company’s stock after selling 10,593 shares during the period. Apollon Wealth Management LLC’s holdings in Under Armour were worth $234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in UA. Dimensional Fund Advisors LP raised its holdings in shares of Under Armour by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 11,089,780 shares of the company’s stock worth $72,415,000 after acquiring an additional 795,803 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Under Armour by 14.2% in the 2nd quarter. Victory Capital Management Inc. now owns 6,059,071 shares of the company’s stock valued at $39,566,000 after purchasing an additional 752,018 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Under Armour during the 2nd quarter worth about $4,579,000. Edgestream Partners L.P. acquired a new stake in shares of Under Armour during the 1st quarter worth about $1,217,000. Finally, Tidal Investments LLC purchased a new stake in shares of Under Armour during the first quarter worth about $476,000. 36.35% of the stock is currently owned by hedge funds and other institutional investors.

Under Armour Stock Performance

Shares of UA opened at $8.83 on Tuesday. Under Armour, Inc. has a 1 year low of $6.02 and a 1 year high of $10.62. The company’s 50 day simple moving average is $8.07 and its 200 day simple moving average is $7.31. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of -220.75 and a beta of 1.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.