BNP Paribas Financial Markets Purchases 111,027 Shares of Under Armour, Inc. (NYSE:UA)

BNP Paribas Financial Markets raised its position in Under Armour, Inc. (NYSE:UA) by 781.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,230 shares of the company’s stock after buying an additional 111,027 shares during the quarter. BNP Paribas Financial Markets’ holdings in Under Armour were worth $1,047,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Peoples Bank KS bought a new position in Under Armour in the 3rd quarter valued at about $59,000. CWM LLC grew its holdings in shares of Under Armour by 31.1% during the 2nd quarter. CWM LLC now owns 12,628 shares of the company’s stock valued at $82,000 after purchasing an additional 2,995 shares during the last quarter. Algert Global LLC bought a new stake in shares of Under Armour during the 2nd quarter valued at approximately $98,000. Ridgewood Investments LLC bought a new stake in shares of Under Armour during the 2nd quarter valued at approximately $112,000. Finally, ProShare Advisors LLC bought a new stake in shares of Under Armour during the 2nd quarter valued at approximately $118,000. 36.35% of the stock is owned by institutional investors.

Under Armour Trading Down 0.8 %

Shares of Under Armour stock opened at $9.00 on Wednesday. The firm has a market capitalization of $3.89 billion, a PE ratio of -224.88 and a beta of 1.67. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. The firm’s 50 day moving average is $8.49 and its 200 day moving average is $7.56. Under Armour, Inc. has a 1 year low of $6.02 and a 1 year high of $10.62.

Insider Activity at Under Armour

In related news, insider Mehri Shadman sold 9,639 shares of Under Armour stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $8.81, for a total transaction of $84,919.59. Following the sale, the insider now directly owns 172,899 shares in the company, valued at $1,523,240.19. This trade represents a 5.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David Bergman sold 30,000 shares of Under Armour 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 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 disclosure for this sale can be found here. In the last three months, insiders have sold 56,879 shares of company stock valued at $508,642. 15.60% of the stock is owned by insiders.

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.