Universal Beteiligungs und Servicegesellschaft mbH Invests $78,000 in Under Armour, Inc. (NYSE:UA)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Under Armour, Inc. (NYSE:UA) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 13,178 shares of the company’s stock, valued at approximately $78,000.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Under Armour in the fourth quarter worth $18,688,000. Bank of America Corp DE raised its position 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 valued at $11,601,000 after purchasing an additional 1,338,376 shares during the period. 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 valued at $10,245,000 after acquiring an additional 1,287,088 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Under Armour by 265.8% in the fourth quarter. Renaissance Technologies LLC now owns 1,293,200 shares of the company’s stock valued at $9,647,000 after acquiring an additional 939,700 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in Under Armour by 58.9% during the fourth quarter. Nuveen Asset Management LLC now owns 2,132,175 shares of the company’s stock worth $15,906,000 after buying an additional 790,518 shares in the last quarter. Institutional investors and hedge funds own 36.35% of the company’s stock.

Insider Buying and Selling at Under Armour

In related news, insider Mehri Shadman sold 16,287 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total value of $100,002.18. Following the transaction, the insider directly owned 191,796 shares of the company’s stock, valued at approximately $1,177,627.44. The trade was a 7.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 15.60% of the company’s stock.

Under Armour Stock Down 1.3%

Shares of NYSE UA opened at $6.32 on Wednesday. The company has a 50 day simple moving average of $6.45 and a 200 day simple moving average of $6.29. The firm has a market cap of $2.69 billion, a PE ratio of -13.45 and a beta of 1.54. Under Armour, Inc. has a 1 year low of $4.62 and a 1 year high of $10.62. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.10 and a quick ratio of 1.25.

Under Armour (NYSE:UA) last released 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 company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.16 billion. Under Armour had a negative net margin of 3.90% and a positive return on equity of 7.04%.

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.