Gallagher Capital Advisors LLC Invests $1.28 Million in Under Armour, Inc. (NYSE:UA)

Gallagher Capital Advisors LLC bought a new position in shares of Under Armour, Inc. (NYSE:UA - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 214,800 shares of the company's stock, valued at approximately $1,278,000. Under Armour accounts for approximately 1.0% of Gallagher Capital Advisors LLC's holdings, making the stock its 28th biggest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of UA. Norges Bank bought a new position in Under Armour during the fourth quarter worth about $18,688,000. American Century Companies Inc. boosted its holdings in shares of Under Armour by 182.3% in the fourth quarter. American Century Companies Inc. now owns 2,250,631 shares of the company's stock valued at $16,790,000 after buying an additional 1,453,399 shares during the period. Nuveen Asset Management LLC raised its holdings in shares of Under Armour by 58.9% during the fourth quarter. Nuveen Asset Management LLC now owns 2,132,175 shares of the company's stock worth $15,906,000 after acquiring an additional 790,518 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Under Armour by 26.1% during the 4th 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, Boston Partners lifted its holdings in shares of Under Armour by 1,317.3% in the fourth quarter. Boston Partners now owns 1,722,420 shares of the company's stock valued at $12,852,000 after purchasing an additional 1,600,893 shares in the last quarter. 36.35% of the stock is owned by institutional investors.

Under Armour Stock Down 0.1%

Shares of NYSE:UA traded down $0.01 during mid-day trading on Tuesday, reaching $6.51. 3,456,793 shares of the stock were exchanged, compared to its average volume of 3,604,499. The company has a market cap of $2.77 billion, a P/E ratio of -13.86 and a beta of 1.55. The stock's 50 day simple moving average is $5.96 and its 200-day simple moving average is $6.53. 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 one year low of $4.62 and a one year high of $10.62.

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

Insider Transactions at Under Armour

In related news, insider Mehri Shadman sold 16,287 shares of the business's stock in a transaction 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 transaction, the insider now directly owns 191,796 shares in the company, valued at approximately $1,177,627.44. The trade was a 7.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.