Under Armour, Inc. (NYSE:UA) Position Lessened by Edgestream Partners L.P.

Edgestream Partners L.P. lowered its position in Under Armour, Inc. (NYSE:UA - Free Report) by 87.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,751 shares of the company's stock after selling 273,157 shares during the period. Edgestream Partners L.P.'s holdings in Under Armour were worth $242,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC raised its holdings in Under Armour by 152.8% during the first quarter. Concurrent Investment Advisors LLC now owns 51,311 shares of the company's stock valued at $305,000 after buying an additional 31,011 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Under Armour during the 1st quarter valued at about $118,000. DAVENPORT & Co LLC acquired a new stake in Under Armour in the 1st quarter worth approximately $91,000. SFG Wealth Management LLC. lifted its holdings in Under Armour by 21.4% in the 1st quarter. SFG Wealth Management LLC. now owns 28,402 shares of the company's stock worth $169,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Perigon Wealth Management LLC boosted its position in Under Armour by 7.6% during the first quarter. Perigon Wealth Management LLC now owns 53,878 shares of the company's stock worth $321,000 after purchasing an additional 3,802 shares during the period. Institutional investors and hedge funds own 36.35% of the company's stock.

Under Armour Stock Performance

Shares of UA opened at $6.46 on Monday. Under Armour, Inc. has a one year low of $4.62 and a one year high of $10.62. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.10 and a quick ratio of 1.25. The company has a market capitalization of $2.75 billion, a PE ratio of -13.74 and a beta of 1.54. The company's fifty day moving average price is $6.37 and its 200 day moving average price is $6.35.

Under Armour (NYSE:UA - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, hitting analysts' consensus estimates of ($0.08). The company had revenue of $1.18 billion during 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%.

Insider Buying and Selling at Under Armour

In other news, insider Mehri Shadman sold 16,287 shares of the 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 sale, the insider directly owned 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 15.60% of the company's stock.

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.

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