Invesco Ltd. cut its position in Under Armour, Inc. (NYSE:UA – Free Report) by 16.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 357,663 shares of the company’s stock after selling 68,555 shares during the quarter. Invesco Ltd. owned 0.08% of Under Armour worth $2,128,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in UA. Quarry LP purchased a new position in shares of Under Armour in the fourth quarter valued at $30,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Under Armour in the first quarter valued at $78,000. HB Wealth Management LLC purchased a new position in shares of Under Armour in the first quarter valued at $80,000. Boothbay Fund Management LLC purchased a new position in shares of Under Armour in the fourth quarter valued at $83,000. Finally, DAVENPORT & Co LLC purchased a new position in shares of Under Armour in the first quarter valued at $91,000. 36.35% of the stock is currently owned by hedge funds and other institutional investors.
Under Armour Price Performance
Shares of UA stock opened at $4.92 on Friday. The company has a market capitalization of $2.11 billion, a PE ratio of 22.34 and a beta of 1.54. The firm has a fifty day simple moving average of $6.04 and a 200-day simple moving average of $6.02. The company has a current ratio of 1.53, a quick ratio of 0.93 and a debt-to-equity ratio of 0.21. Under Armour, Inc. has a twelve month low of $4.62 and a twelve month high of $10.62.
Insiders Place Their Bets
In related news, Director Dawn N. Fitzpatrick acquired 100,000 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was bought at an average cost of $4.93 per share, with a total value of $493,000.00. Following the acquisition, the director directly owned 133,696 shares in the company, valued at approximately $659,121.28. The trade was a 296.77% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert John Sweeney acquired 100,000 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were bought at an average cost of $4.88 per share, with a total value of $488,000.00. Following the completion of the acquisition, the director owned 133,696 shares in the company, valued at $652,436.48. This represents a 296.77% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 202,045 shares of company stock valued at $991,000 in the last ninety days. Corporate 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.
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