Under Armour, Inc. (NYSE:UA) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its stake in shares of Under Armour, Inc. (NYSE:UA - Free Report) by 2.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,901,593 shares of the company's stock after selling 94,607 shares during the period. Massachusetts Financial Services Co. MA owned 0.91% of Under Armour worth $23,214,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of UA. Raymond James Financial Inc. acquired a new stake in Under Armour in the fourth quarter worth approximately $1,260,000. Boston Partners boosted its holdings in Under Armour by 1,317.3% during the fourth quarter. Boston Partners now owns 1,722,420 shares of the company's stock valued at $12,852,000 after acquiring an additional 1,600,893 shares during the period. Gallagher Capital Advisors LLC bought a new stake in shares of Under Armour in the first quarter valued at about $1,278,000. Bank of America Corp DE lifted its stake in shares of Under Armour by 617.4% in the fourth quarter. Bank of America Corp DE now owns 1,555,160 shares of the company's stock valued at $11,601,000 after buying an additional 1,338,376 shares during the period. Finally, Russell Investments Group Ltd. raised its position in Under Armour by 305.1% in the fourth quarter. Russell Investments Group Ltd. now owns 822,470 shares of the company's stock worth $6,136,000 after purchasing an additional 619,459 shares in the last quarter. Hedge funds and other institutional investors own 36.35% of the company's stock.

Insider Activity

In related news, insider Mehri Shadman sold 16,287 shares of the stock in a transaction dated 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 approximately $1,177,627.44. This represents a 7.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 15.60% of the company's stock.

Under Armour Stock Up 2.8%

NYSE:UA traded up $0.19 on Tuesday, hitting $6.79. 2,463,827 shares of the company's stock were exchanged, compared to its average volume of 3,551,447. The firm has a 50-day moving average price of $6.37 and a 200-day moving average price of $6.35. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.10 and a quick ratio of 1.25. Under Armour, Inc. has a 52 week low of $4.62 and a 52 week high of $10.62. The company has a market cap of $2.89 billion, a P/E ratio of -14.44 and a beta of 1.54.

Under Armour (NYSE:UA - Get Free Report) last announced 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). The firm had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.16 billion. Under Armour had a negative net margin of 3.90% and a positive return on equity of 7.04%.

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.