State Street Corp Sells 945,645 Shares of Under Armour, Inc. (NYSE:UA)

State Street Corp trimmed its position in shares of Under Armour, Inc. (NYSE:UA) by 16.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,764,445 shares of the company’s stock after selling 945,645 shares during the quarter. State Street Corp owned approximately 1.10% of Under Armour worth $39,831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of UA. Resonant Capital Advisors LLC raised its position in shares of Under Armour by 16.2% during the 2nd quarter. Resonant Capital Advisors LLC now owns 25,705 shares of the company’s stock valued at $168,000 after acquiring an additional 3,582 shares during the last quarter. SFG Wealth Management LLC. grew its position in shares of Under Armour by 20.8% during the 3rd quarter. SFG Wealth Management LLC. now owns 23,200 shares of the company’s stock worth $194,000 after buying an additional 4,000 shares during the period. Renaissance Technologies LLC boosted its position in shares of Under Armour by 1.5% during the second quarter. Renaissance Technologies LLC now owns 410,300 shares of the company’s stock worth $2,679,000 after purchasing an additional 5,890 shares in the last quarter. Peoples Bank KS bought a new position in shares of Under Armour during the 3rd quarter valued at about $59,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Under Armour by 19.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,301 shares of the company’s stock worth $328,000 after acquiring an additional 8,286 shares during the period. 36.35% of the stock is owned by institutional investors and hedge funds.

Under Armour Stock Up 2.9 %

Shares of Under Armour stock opened at $7.78 on Friday. Under Armour, Inc. has a 52-week low of $6.02 and a 52-week high of $10.62. The business’s 50 day simple moving average is $8.50 and its 200 day simple moving average is $7.62. The firm has a market cap of $3.36 billion, a PE ratio of -194.50 and a beta of 1.66. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18.

Insider Buying and Selling at Under Armour

In other news, insider Mehri Shadman sold 17,240 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $8.76, for a total value of $151,022.40. Following the completion of the sale, the insider now directly owns 182,538 shares of the company’s stock, valued at $1,599,032.88. This trade represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the transaction, the chief financial officer now owns 494,210 shares of the company’s stock, valued at $4,492,368.90. This represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,879 shares of company stock worth $508,642. Insiders own 15.60% of the company’s stock.

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.