Fmr LLC Grows Position in Under Armour, Inc. (NYSE:UA)

Fmr LLC lifted its stake in Under Armour, Inc. (NYSE:UA) by 841.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 189,275 shares of the company’s stock after buying an additional 169,174 shares during the quarter. Fmr LLC’s holdings in Under Armour were worth $1,582,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Peoples Bank KS purchased a new stake in Under Armour during the third quarter valued at $59,000. CWM LLC raised its stake in Under Armour by 31.1% during the second quarter. CWM LLC now owns 12,628 shares of the company’s stock valued at $82,000 after purchasing an additional 2,995 shares in the last quarter. Algert Global LLC purchased a new stake in Under Armour during the second quarter valued at $98,000. Ridgewood Investments LLC purchased a new stake in Under Armour during the second quarter valued at $112,000. Finally, ProShare Advisors LLC purchased a new stake in Under Armour during the second quarter valued at $118,000. Hedge funds and other institutional investors own 36.35% of the company’s stock.

Under Armour Trading Down 8.0 %

UA stock opened at $8.00 on Monday. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. Under Armour, Inc. has a twelve month low of $6.02 and a twelve month high of $10.62. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of -200.00 and a beta of 1.66. The firm’s fifty day simple moving average is $8.52 and its two-hundred day simple moving average is $7.60.

Insider Buying and Selling at Under Armour

In other news, CFO David Bergman sold 30,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value of $272,700.00. Following the transaction, the chief financial officer now directly owns 494,210 shares in the company, valued at approximately $4,492,368.90. This represents 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 9,639 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $8.81, for a total transaction of $84,919.59. Following the completion of the transaction, the insider now owns 172,899 shares in the company, valued at approximately $1,523,240.19. The trade was a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,879 shares of company stock worth $508,642 over the last quarter. Insiders own 15.60% of the company’s stock.

Under Armour Profile

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.