Under Armour, Inc. (NYSE:UA) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in Under Armour, Inc. (NYSE:UA - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 882,208 shares of the company's stock after selling 55,870 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.21% of Under Armour worth $5,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Under Armour during the fourth quarter valued at approximately $18,688,000. American Century Companies Inc. raised its holdings in Under Armour by 182.3% in the fourth quarter. American Century Companies Inc. now owns 2,250,631 shares of the company's stock worth $16,790,000 after purchasing an additional 1,453,399 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in Under Armour by 58.9% in the fourth quarter. Nuveen Asset Management LLC now owns 2,132,175 shares of the company's stock worth $15,906,000 after purchasing an additional 790,518 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Under Armour by 26.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,808,152 shares of the company's stock worth $13,489,000 after purchasing an additional 374,664 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in 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 worth $11,601,000 after purchasing an additional 1,338,376 shares in the last quarter. Hedge funds and other institutional investors own 36.35% of the company's stock.

Insider Activity at Under Armour

In other news, insider Mehri Shadman sold 16,287 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total value of $100,002.18. Following the transaction, the insider owned 191,796 shares of the company's stock, valued at $1,177,627.44. This trade represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.60% of the stock is owned by company insiders.

Under Armour Stock Down 2.0%

UA traded down $0.14 during trading on Monday, reaching $6.78. The stock had a trading volume of 2,000,716 shares, compared to its average volume of 2,029,051. The stock's 50 day moving average is $6.45 and its two-hundred day moving average is $6.33. The company has a current ratio of 2.10, a quick ratio of 1.25 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of -14.43 and a beta of 1.54. Under Armour, Inc. has a one year low of $4.62 and a one year high of $10.62.

Under Armour (NYSE:UA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08). Under Armour had a positive return on equity of 7.04% and a negative net margin of 3.90%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion.

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.