UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 83,824 Shares of Under Armour, Inc. (NYSE:UA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Under Armour, Inc. (NYSE:UA - Free Report) by 17.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 553,660 shares of the company's stock after buying an additional 83,824 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.13% of Under Armour worth $4,130,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Norges Bank purchased a new stake in Under Armour during the fourth quarter valued at $18,688,000. Boston Partners grew 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 valued at $12,852,000 after purchasing an additional 1,600,893 shares during the period. American Century Companies Inc. increased its position in shares of Under Armour by 182.3% during the 4th quarter. American Century Companies Inc. now owns 2,250,631 shares of the company's stock valued at $16,790,000 after purchasing an additional 1,453,399 shares during the last quarter. Bank of America Corp DE increased its position 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 valued at $11,601,000 after purchasing an additional 1,338,376 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Under Armour by 1,477.2% in the 4th quarter. Janus Henderson Group PLC now owns 1,374,220 shares of the company's stock worth $10,245,000 after purchasing an additional 1,287,088 shares during the period. Hedge funds and other institutional investors own 36.35% of the company's stock.

Insider Buying and Selling at Under Armour

In other news, insider Mehri Shadman sold 16,287 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total value of $100,002.18. Following the completion of the sale, the insider now directly owns 191,796 shares of the company's stock, valued at $1,177,627.44. This represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.60% of the stock is currently owned by corporate insiders.

Under Armour Stock Performance

NYSE UA traded up $0.17 during trading hours on Friday, hitting $6.33. 3,687,330 shares of the company's stock traded hands, compared to its average volume of 3,579,486. Under Armour, Inc. has a 52 week low of $4.62 and a 52 week high of $10.62. The firm has a market capitalization of $2.70 billion, a P/E ratio of -21.83 and a beta of 1.55. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The business's fifty day moving average price is $5.72 and its two-hundred day moving average price is $6.73.

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, hitting the consensus estimate of ($0.08). Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. The business had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.16 billion.

Under Armour 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.