Under Armour, Inc. (NYSE:UA) Insider Mehri Shadman Sells 16,287 Shares

Under Armour, Inc. (NYSE:UA - Get Free Report) 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 completion of the sale, the insider now directly owns 191,796 shares of the company's stock, valued at approximately $1,177,627.44. This represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Under Armour Stock Performance

NYSE UA traded up $0.01 on Monday, hitting $6.33. The stock had a trading volume of 1,927,938 shares, compared to its average volume of 3,572,885. The company's 50-day moving average is $5.72 and its two-hundred day moving average is $6.73. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of -21.83 and a beta of 1.55. Under Armour, Inc. has a one year low of $4.62 and a one year high of $10.62.

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 analysts' consensus estimates of ($0.08). Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.16 billion.

Hedge Funds Weigh In On Under Armour

Institutional investors have recently modified their holdings of the company. Harbour Investments Inc. raised its position in shares of Under Armour by 592.9% during the fourth quarter. Harbour Investments Inc. now owns 3,506 shares of the company's stock worth $26,000 after acquiring an additional 3,000 shares during the last quarter. Bellwether Advisors LLC acquired a new position in Under Armour during the 4th quarter worth approximately $29,000. Quarry LP bought a new position in Under Armour in the fourth quarter valued at $30,000. Teza Capital Management LLC acquired a new stake in shares of Under Armour in the first quarter valued at about $60,000. Finally, Tyler Stone Wealth Management bought a new stake in shares of Under Armour during the 1st quarter worth approximately $71,000. Institutional investors own 36.35% of the company's stock.

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.