Insider Selling: Under Armour, Inc. (NYSE:UA) Insider Sells 16,287 Shares of Stock

Under Armour, Inc. (NYSE:UA - Get Free Report) 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 value of $100,002.18. Following the completion of the transaction, the insider now owns 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 SEC, which can be accessed through this hyperlink.

Under Armour Price Performance

Shares of NYSE UA traded up $0.17 during midday trading on Friday, reaching $6.33. 3,687,330 shares of the company traded hands, compared to its average volume of 3,573,189. Under Armour, Inc. has a 12 month low of $4.62 and a 12 month high of $10.62. The firm has a market cap of $2.72 billion, a PE ratio of -21.83 and a beta of 1.47. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. The stock's 50-day simple moving average is $5.72 and its 200-day simple moving average is $6.77.

Under Armour (NYSE:UA - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.08). The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.16 billion. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%.

Institutional Investors Weigh In On Under Armour

A number of large investors have recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in Under Armour by 39.2% during the 1st quarter. American Century Companies Inc. now owns 3,132,565 shares of the company's stock worth $18,639,000 after purchasing an additional 881,934 shares during the last quarter. Norges Bank purchased a new position in shares of Under Armour during the fourth quarter worth about $18,688,000. Nuveen Asset Management LLC boosted its stake in Under Armour by 58.9% in the fourth quarter. Nuveen Asset Management LLC now owns 2,132,175 shares of the company's stock worth $15,906,000 after buying an additional 790,518 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Under Armour by 26.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,808,152 shares of the company's stock valued at $13,489,000 after purchasing an additional 374,664 shares during the period. Finally, Boston Partners raised its holdings in shares of 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 in the last quarter. 36.35% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Company 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.