ABC Arbitrage SA Takes $819,000 Position in Under Armour, Inc. (NYSE:UA)

ABC Arbitrage SA acquired a new stake in Under Armour, Inc. (NYSE:UA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 109,744 shares of the company's stock, valued at approximately $819,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UA. Kercheville Advisors LLC acquired a new stake in Under Armour during the 4th quarter worth approximately $75,000. Summit Financial Strategies Inc. grew its stake in shares of Under Armour by 71.0% in the fourth quarter. Summit Financial Strategies Inc. now owns 33,195 shares of the company's stock worth $248,000 after purchasing an additional 13,780 shares during the last quarter. SG Americas Securities LLC increased its holdings in Under Armour by 159.8% in the fourth quarter. SG Americas Securities LLC now owns 36,490 shares of the company's stock valued at $272,000 after purchasing an additional 22,442 shares during the period. Sugar Maple Asset Management LLC acquired a new position in Under Armour during the 4th quarter worth about $45,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Under Armour in the 4th quarter valued at about $2,983,000. Institutional investors own 36.35% of the company's stock.

Under Armour Trading Up 0.5 %

Shares of UA traded up $0.04 during mid-day trading on Wednesday, reaching $6.72. 3,597,011 shares of the company were exchanged, compared to its average volume of 3,782,450. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. Under Armour, Inc. has a 52 week low of $6.02 and a 52 week high of $10.62. The business has a 50 day simple moving average of $7.42 and a two-hundred day simple moving average of $7.84. The stock has a market capitalization of $2.89 billion, a PE ratio of -23.16 and a beta of 1.67.

Under Armour (NYSE:UA - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same quarter in the prior year, the firm earned $0.25 earnings per share.

Insider Buying and Selling

In related news, CFO David Bergman sold 30,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the sale, the chief financial officer now directly owns 494,210 shares of the company's stock, valued at approximately $4,492,368.90. This represents a 5.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 15.60% of the stock is owned by insiders.

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.