Victory Capital Management Inc. Trims Stock Holdings in Under Armour, Inc. (NYSE:UA)

Victory Capital Management Inc. lessened its holdings in shares of Under Armour, Inc. (NYSE:UA - Free Report) by 61.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,840,528 shares of the company's stock after selling 2,876,340 shares during the quarter. Victory Capital Management Inc. owned approximately 0.43% of Under Armour worth $10,951,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UA. Norges Bank acquired a new stake in Under Armour during the 4th quarter worth $18,688,000. American Century Companies Inc. raised its holdings 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 worth $16,790,000 after acquiring an additional 1,453,399 shares during the period. Bank of America Corp DE raised its holdings 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 worth $11,601,000 after acquiring an additional 1,338,376 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Under Armour by 1,477.2% during the 4th quarter. Janus Henderson Group PLC now owns 1,374,220 shares of the company's stock worth $10,245,000 after acquiring an additional 1,287,088 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Under Armour by 265.8% during the 4th quarter. Renaissance Technologies LLC now owns 1,293,200 shares of the company's stock worth $9,647,000 after acquiring an additional 939,700 shares during the period. Institutional investors and hedge funds own 36.35% of the company's stock.

Insider Activity at Under Armour

In related news, insider Mehri Shadman sold 16,287 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total value of $100,002.18. Following the sale, the insider directly owned 191,796 shares in the company, valued at approximately $1,177,627.44. The trade was a 7.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 15.60% of the stock is currently owned by corporate insiders.

Under Armour Trading Down 2.0%

Shares of NYSE UA traded down $0.14 during trading on Monday, hitting $6.78. 2,000,716 shares of the company were exchanged, compared to its average volume of 2,029,051. Under Armour, Inc. has a 12-month low of $4.62 and a 12-month high of $10.62. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.25 and a current ratio of 2.10. The company has a fifty day moving average price of $6.45 and a 200-day moving average price of $6.33. The firm has a market capitalization of $2.89 billion, a PE ratio of -14.43 and a beta of 1.54.

Under Armour (NYSE:UA - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, hitting 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 business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion.

About Under Armour

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.