Under Armour, Inc. (NYSE:UA) Insider Sells $100,002.18 in Stock

Under Armour, Inc. (NYSE:UA) insider Mehri Shadman sold 16,287 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total value of $100,002.18. Following the completion of the sale, the insider now directly owns 191,796 shares of the company’s stock, valued at approximately $1,177,627.44. The trade was a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Under Armour Stock Performance

UA opened at $6.33 on Friday. Under Armour, Inc. has a 12-month low of $4.62 and a 12-month high of $10.62. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of -21.83 and a beta of 1.55. The business has a 50 day moving average of $5.72 and a 200-day moving average of $6.76. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UA) last released its quarterly earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share for the quarter, hitting the consensus estimate of ($0.08). The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%.

Institutional Trading of Under Armour

Several hedge funds have recently added to or reduced their stakes in UA. Harbour Investments Inc. lifted its holdings in Under Armour by 592.9% during the 4th quarter. Harbour Investments Inc. now owns 3,506 shares of the company’s stock worth $26,000 after purchasing an additional 3,000 shares during the last quarter. Bellwether Advisors LLC acquired a new stake in Under Armour during the 4th quarter worth approximately $29,000. Quarry LP acquired a new stake in Under Armour during the 4th quarter worth approximately $30,000. Teza Capital Management LLC acquired a new stake in Under Armour during the 1st quarter worth approximately $60,000. Finally, Tyler Stone Wealth Management acquired a new stake in Under Armour during the 1st quarter worth approximately $71,000. 36.35% of the stock is owned by institutional investors and hedge funds.

Under Armour Company 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.