Under Armour, Inc. (NYSE:UA) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its holdings in Under Armour, Inc. (NYSE:UA - Free Report) by 61.0% in the 1st quarter, according to its most recent disclosure with the Securities and 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bellwether Advisors LLC purchased a new stake in Under Armour during the fourth quarter valued at about $29,000. Quarry LP purchased a new stake in shares of Under Armour in the fourth quarter worth about $30,000. Boothbay Fund Management LLC purchased a new stake in shares of Under Armour in the fourth quarter worth about $83,000. Sterling Capital Management LLC lifted its stake in shares of Under Armour by 44.4% in the fourth quarter. Sterling Capital Management LLC now owns 11,603 shares of the company's stock worth $87,000 after acquiring an additional 3,565 shares in the last quarter. Finally, Avantax Advisory Services Inc. acquired a new position in shares of Under Armour in the fourth quarter worth about $110,000. 36.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Under Armour

In other Under Armour news, insider Mehri Shadman sold 16,287 shares of the company's 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 owned 191,796 shares in the company, valued at $1,177,627.44. This represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 15.60% of the stock is owned by insiders.

Under Armour Stock Up 1.8%

Shares of NYSE:UA traded up $0.13 during trading on Friday, hitting $6.91. The company's stock had a trading volume of 2,046,744 shares, compared to its average volume of 2,085,486. The stock's 50-day moving average price is $6.43 and its two-hundred day moving average price is $6.35. Under Armour, Inc. has a fifty-two week low of $4.62 and a fifty-two week high of $10.62. The company has a market capitalization of $2.94 billion, a PE ratio of -14.69 and a beta of 1.54. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.25 and a current ratio of 2.10.

Under Armour (NYSE:UA - Get Free Report) last announced its quarterly earnings data 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 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.