Fmr LLC Raises Stake in Under Armour, Inc. (NYSE:UA)

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

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

Insider Activity at Under Armour

In related news, 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 transaction of $151,022.40. Following the completion of the sale, the insider now directly owns 182,538 shares in the company, valued at approximately $1,599,032.88. The trade was a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO David Bergman sold 30,000 shares of the company’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 completion of the transaction, the chief financial officer now owns 494,210 shares of the company’s stock, valued at approximately $4,492,368.90. The trade was a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,879 shares of company stock worth $508,642. 15.60% of the stock is owned by company insiders.

Under Armour Stock Performance

Shares of NYSE UA opened at $8.00 on Monday. The firm has a 50 day moving average of $8.52 and a 200 day moving average of $7.60. 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 has a market capitalization of $3.46 billion, a price-to-earnings ratio of -200.00 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.

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.