Under Armour, Inc. (NYSE:UA - Get Free Report) shares traded up 8.3% on Friday . The company traded as high as $6.30 and last traded at $6.34. 1,586,314 shares were traded during mid-day trading, a decline of 59% from the average session volume of 3,900,569 shares. The stock had previously closed at $5.86.
Under Armour Stock Down 0.9%
The stock's 50 day simple moving average is $5.94 and its two-hundred day simple moving average is $6.55. The firm has a market cap of $2.78 billion, a P/E ratio of -13.89 and a beta of 1.55. 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 (NYSE:UA - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share for the quarter, hitting the consensus estimate of ($0.08). The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion. Under Armour had a positive return on equity of 7.04% and a negative net margin of 3.90%.
Insider Transactions at Under Armour
In related news, insider Mehri Shadman sold 16,287 shares of the stock in a transaction 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 now directly owns 191,796 shares of the company's stock, valued at $1,177,627.44. This trade represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 15.60% of the company's stock.
Hedge Funds Weigh In On Under Armour
A number of hedge funds have recently bought and sold shares of UA. American Century Companies Inc. grew its position in Under Armour by 39.2% in 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 period. Norges Bank purchased a new position in shares of Under Armour in the 4th quarter worth $18,688,000. Nuveen Asset Management LLC boosted its stake in shares of Under Armour by 58.9% in the 4th 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 during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Under Armour by 26.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,808,152 shares of the company's stock worth $13,489,000 after acquiring an additional 374,664 shares during the period. Finally, Boston Partners increased its position 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 last quarter. Hedge funds and other institutional investors own 36.35% of the company's stock.
Under Armour Company Profile
(
Get Free Report)
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.
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