Massachusetts Financial Services Co. MA Sells 94,607 Shares of Under Armour, Inc. (NYSE:UA)

Massachusetts Financial Services Co. MA lowered its stake in Under Armour, Inc. (NYSE:UA - Free Report) by 2.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,901,593 shares of the company's stock after selling 94,607 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.91% of Under Armour worth $23,214,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbour Investments Inc. lifted its position in shares of Under Armour by 592.9% during the 4th quarter. Harbour Investments Inc. now owns 3,506 shares of the company's stock worth $26,000 after purchasing an additional 3,000 shares during the last quarter. Bellwether Advisors LLC acquired a new position in shares of Under Armour during the 4th quarter worth about $29,000. Quarry LP acquired a new position in shares of Under Armour during the 4th quarter worth about $30,000. Boothbay Fund Management LLC acquired a new position in shares of Under Armour during the 4th quarter worth about $83,000. Finally, Sterling Capital Management LLC lifted its position in shares of Under Armour by 44.4% during the 4th quarter. Sterling Capital Management LLC now owns 11,603 shares of the company's stock worth $87,000 after purchasing an additional 3,565 shares during the last quarter. Institutional investors and hedge funds own 36.35% of the company's stock.

Under Armour Stock Performance

Shares of NYSE UA traded up $0.23 during trading hours on Monday, hitting $6.69. 1,964,077 shares of the company's stock were exchanged, compared to its average volume of 3,547,178. Under Armour, Inc. has a 1-year low of $4.62 and a 1-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 stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of -14.22 and a beta of 1.54. The company's 50-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 issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $1.16 billion.

Insider Buying and Selling

In related news, insider Mehri Shadman sold 16,287 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was 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 in the company, valued at $1,177,627.44. This represents a 7.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 15.60% of the stock is currently owned by company insiders.

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.