The Manufacturers Life Insurance Company Has $649,000 Position in Under Armour, Inc. (NYSE:UA)

The Manufacturers Life Insurance Company reduced its stake in Under Armour, Inc. (NYSE:UA) by 35.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 77,634 shares of the company’s stock after selling 42,630 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Under Armour were worth $649,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Peoples Bank KS bought a new position in Under Armour in the 3rd quarter worth approximately $59,000. CWM LLC increased its position in Under Armour by 31.1% in the 2nd quarter. CWM LLC now owns 12,628 shares of the company’s stock worth $82,000 after buying an additional 2,995 shares during the period. Algert Global LLC bought a new position in Under Armour in the 2nd quarter worth approximately $98,000. Ridgewood Investments LLC bought a new position in Under Armour in the 2nd quarter worth approximately $112,000. Finally, ProShare Advisors LLC bought a new position in Under Armour in the 2nd quarter worth approximately $118,000. 36.35% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Stock Performance

Shares of NYSE UA opened at $8.01 on Friday. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average is $8.52 and its two-hundred day moving average is $7.59. The company has a market cap of $3.46 billion, a P/E ratio of -200.13 and a beta of 1.66. Under Armour, Inc. has a 12 month low of $6.02 and a 12 month high of $10.62.

Insiders Place Their Bets

In other news, 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 sale, the chief financial officer now directly owns 494,210 shares in the company, valued at approximately $4,492,368.90. The trade was a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mehri Shadman sold 17,240 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $8.76, for a total value of $151,022.40. Following the sale, the insider now owns 182,538 shares in the company, valued at approximately $1,599,032.88. This represents a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,879 shares of company stock valued at $508,642 in the last three months. Company insiders own 15.60% of the company’s stock.

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.