Wealth Enhancement Advisory Services LLC Acquires 2,930 Shares of Under Armour, Inc. (NYSE:UA)

Wealth Enhancement Advisory Services LLC increased its holdings in Under Armour, Inc. (NYSE:UA) by 23.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,224 shares of the company’s stock after purchasing an additional 2,930 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Under Armour were worth $114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of UA. Norges Bank bought a new stake in shares of Under Armour in the fourth quarter worth about $18,688,000. Boston Partners grew its stake in shares of Under Armour by 1,317.3% in the fourth quarter. Boston Partners now owns 1,722,420 shares of the company’s stock worth $12,852,000 after purchasing an additional 1,600,893 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Under Armour by 182.3% in the fourth quarter. American Century Companies Inc. now owns 2,250,631 shares of the company’s stock worth $16,790,000 after purchasing an additional 1,453,399 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Under Armour by 617.4% in the fourth quarter. Bank of America Corp DE now owns 1,555,160 shares of the company’s stock worth $11,601,000 after purchasing an additional 1,338,376 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Under Armour by 1,477.2% in the fourth quarter. Janus Henderson Group PLC now owns 1,374,220 shares of the company’s stock worth $10,245,000 after purchasing an additional 1,287,088 shares during the last quarter. 36.35% of the stock is owned by institutional investors.

Under Armour Stock Performance

Under Armour stock opened at $6.03 on Wednesday. The stock’s 50 day simple moving average is $5.88 and its two-hundred day simple moving average is $6.63. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.25 and a current ratio of 2.10. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of -12.83 and a beta of 1.55. Under Armour, Inc. has a fifty-two week low of $4.62 and a fifty-two week high of $10.62.

Under Armour (NYSE:UA) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08). The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Under Armour had a positive return on equity of 7.04% and a negative net margin of 3.90%.

Insider Buying and Selling at Under Armour

In other news, insider Mehri Shadman sold 16,287 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total value of $100,002.18. Following the sale, the insider now directly owns 191,796 shares of the company’s stock, valued at $1,177,627.44. The trade was a 7.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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.