Geode Capital Management LLC Has $24.48 Million Stake in Under Armour, Inc. (NYSE:UA)

Geode Capital Management LLC lowered its stake in Under Armour, Inc. (NYSE:UA) by 6.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,927,448 shares of the company’s stock after selling 199,073 shares during the quarter. Geode Capital Management LLC owned approximately 0.68% of Under Armour worth $24,477,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in UA. Resonant Capital Advisors LLC boosted its stake in shares of Under Armour by 16.2% during the second quarter. Resonant Capital Advisors LLC now owns 25,705 shares of the company’s stock valued at $168,000 after purchasing an additional 3,582 shares in the last quarter. SFG Wealth Management LLC. grew its holdings in 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 acquiring an additional 4,000 shares during the last quarter. Renaissance Technologies LLC increased its position in Under Armour by 1.5% in the 2nd quarter. Renaissance Technologies LLC now owns 410,300 shares of the company’s stock valued at $2,679,000 after acquiring an additional 5,890 shares during the period. Peoples Bank KS bought a new position in shares of Under Armour during the third quarter valued at $59,000. Finally, Barclays PLC lifted its holdings in shares of Under Armour by 2.4% during the third quarter. Barclays PLC now owns 304,273 shares of the company’s stock worth $2,544,000 after purchasing an additional 7,108 shares during the period. 36.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Under Armour

In other news, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction dated 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 directly owns 494,210 shares of the company’s stock, valued at $4,492,368.90. The trade was a 5.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mehri Shadman sold 9,639 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $8.81, for a total value of $84,919.59. Following the sale, the insider now directly owns 172,899 shares of the company’s stock, valued at $1,523,240.19. This represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,879 shares of company stock worth $508,642. Insiders own 15.60% of the company’s stock.

Under Armour Stock Performance

NYSE UA opened at $7.56 on Friday. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of -189.00 and a beta of 1.66. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. Under Armour, Inc. has a twelve month low of $6.02 and a twelve month high of $10.62. The stock has a fifty day simple moving average of $8.42 and a 200 day simple moving average of $7.65.

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.