Shell Asset Management Co. Sells 19,881 Shares of Under Armour, Inc. (NYSE:UA)

Shell Asset Management Co. lowered its stake in shares of Under Armour, Inc. (NYSE:UA – Get Rating) by 83.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,975 shares of the company’s stock after selling 19,881 shares during the period. Shell Asset Management Co.’s holdings in Under Armour were worth $35,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in UA. Creative Planning raised its stake in Under Armour by 45.1% in the 3rd quarter. Creative Planning now owns 62,965 shares of the company’s stock valued at $375,000 after acquiring an additional 19,565 shares during the period. Point72 Hong Kong Ltd raised its stake in Under Armour by 80.7% in the 3rd quarter. Point72 Hong Kong Ltd now owns 108,838 shares of the company’s stock valued at $649,000 after acquiring an additional 48,619 shares during the period. Boothbay Fund Management LLC raised its stake in Under Armour by 208.9% in the 3rd quarter. Boothbay Fund Management LLC now owns 36,027 shares of the company’s stock valued at $215,000 after acquiring an additional 24,363 shares during the period. Pinnacle Financial Partners Inc. raised its stake in Under Armour by 200.0% in the 4th quarter. Pinnacle Financial Partners Inc. now owns 6,000 shares of the company’s stock valued at $54,000 after acquiring an additional 4,000 shares during the period. Finally, Tennessee Valley Asset Management Partners bought a new stake in Under Armour in the 4th quarter valued at $104,000. Institutional investors own 32.63% of the company’s stock.

Under Armour Stock Down 1.3 %

UA opened at $6.99 on Friday. Under Armour, Inc. has a 1-year low of $5.74 and a 1-year high of $11.41. The stock’s fifty day simple moving average is $7.94 and its 200 day simple moving average is $8.56. The company has a current ratio of 2.07, a quick ratio of 1.26 and a debt-to-equity ratio of 0.37. The stock has a market cap of $3.10 billion, a PE ratio of 19.97 and a beta of 1.62.

Under Armour (NYSE:UA – Get Rating) last issued its quarterly earnings data on Tuesday, May 9th. The company reported $0.18 EPS for the quarter. Under Armour had a return on equity of 10.02% and a net margin of 2.70%. The firm had revenue of $1.40 billion for the quarter.

Under Armour Company Profile

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Under Armour, Inc engages in the development, marketing, and distribution of branded performance apparel, footwear, and accessories for men, women, and youth. It operates through the following segments: North America, EMEA, Asia-Pacific, Latin America, and Connected Fitness. The Connected Fitness segment offers digital fitness subscriptions, along with digital advertising through its MapMyFitness, MyFitnessPal, and Endomondo applications.