Gallagher Capital Advisors LLC Buys New Position in Under Armour, Inc. (NYSE:UA)

Gallagher Capital Advisors LLC purchased a new position in shares of Under Armour, Inc. (NYSE:UA - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 214,800 shares of the company's stock, valued at approximately $1,278,000. Under Armour makes up about 1.0% of Gallagher Capital Advisors LLC's portfolio, making the stock its 28th biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Under Armour in the fourth quarter valued at $1,260,000. Boston Partners lifted its stake in shares of Under Armour by 1,317.3% during the 4th quarter. Boston Partners now owns 1,722,420 shares of the company's stock worth $12,852,000 after buying an additional 1,600,893 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Under Armour by 617.4% during the 4th quarter. Bank of America Corp DE now owns 1,555,160 shares of the company's stock worth $11,601,000 after buying an additional 1,338,376 shares during the period. Russell Investments Group Ltd. raised its holdings in Under Armour by 305.1% in the 4th quarter. Russell Investments Group Ltd. now owns 822,470 shares of the company's stock valued at $6,136,000 after acquiring an additional 619,459 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in Under Armour by 26.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,808,152 shares of the company's stock worth $13,489,000 after acquiring an additional 374,664 shares during the last quarter. Institutional investors and hedge funds own 36.35% of the company's stock.

Insider Transactions at Under Armour

In other news, insider Mehri Shadman sold 16,287 shares of the company'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 transaction of $100,002.18. Following the completion of the sale, the insider now owns 191,796 shares of the company's stock, valued at approximately $1,177,627.44. This represents a 7.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 15.60% of the stock is currently owned by insiders.

Under Armour Stock Performance

Shares of UA traded up $0.16 during mid-day trading on Friday, hitting $6.60. 3,178,097 shares of the company's stock were exchanged, compared to its average volume of 3,578,501. The company has a quick ratio of 1.25, a current ratio of 2.10 and a debt-to-equity ratio of 0.31. Under Armour, Inc. has a 52 week low of $4.62 and a 52 week high of $10.62. The stock's 50-day simple moving average is $6.03 and its 200-day simple moving average is $6.51. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of -14.03 and a beta of 1.55.

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 (EPS) for the quarter, hitting analysts' consensus estimates of ($0.08). The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion. Under Armour had a positive return on equity of 7.04% and a negative net margin of 3.90%.

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.