Fmr LLC Has $1.58 Million Stock Position in Under Armour, Inc. (NYSE:UA)

FMR LLC lifted its position in Under Armour, Inc. (NYSE:UA - Free Report) by 841.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 189,275 shares of the company's stock after buying an additional 169,174 shares during the quarter. FMR LLC's holdings in Under Armour were worth $1,582,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP increased its position in Under Armour by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,089,780 shares of the company's stock worth $72,415,000 after buying an additional 795,803 shares during the period. Victory Capital Management Inc. increased its position in Under Armour by 14.2% during the second quarter. Victory Capital Management Inc. now owns 6,059,071 shares of the company's stock worth $39,566,000 after acquiring an additional 752,018 shares during the period. WINTON GROUP Ltd acquired a new position in Under Armour during the 2nd quarter valued at $4,579,000. Renaissance Technologies LLC boosted its holdings in Under Armour by 1.5% in the 2nd quarter. Renaissance Technologies LLC now owns 410,300 shares of the company's stock valued at $2,679,000 after purchasing an additional 5,890 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in Under Armour by 12.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 204,843 shares of the company's stock worth $1,338,000 after purchasing an additional 22,826 shares during the last quarter. 36.35% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Stock Performance

Shares of NYSE:UA traded down $0.37 during trading on Monday, hitting $7.64. 4,691,019 shares of the stock were exchanged, compared to its average volume of 3,295,302. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of -195.25 and a beta of 1.66. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18. Under Armour, Inc. has a 1-year low of $6.02 and a 1-year high of $10.62. The company's fifty day simple moving average is $8.52 and its 200-day simple moving average is $7.60.

Insiders Place Their Bets

In related news, insider Mehri Shadman sold 9,639 shares of Under Armour stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $8.81, for a total value of $84,919.59. Following the completion of the transaction, the insider now directly owns 172,899 shares of the company's stock, valued at $1,523,240.19. The trade was a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David Bergman sold 30,000 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the completion of the sale, the chief financial officer now owns 494,210 shares of the company's stock, valued at $4,492,368.90. The trade was a 5.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,879 shares of company stock worth $508,642 over the last three months. 15.60% of the stock is currently owned by corporate insiders.

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.