Geode Capital Management LLC Sells 199,073 Shares of Under Armour, Inc. (NYSE:UA)

Geode Capital Management LLC lessened its position in shares of Under Armour, Inc. (NYSE:UA - Free Report) by 6.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,927,448 shares of the company's stock after selling 199,073 shares during the period. Geode Capital Management LLC owned approximately 0.68% of Under Armour worth $24,477,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of UA. Peoples Bank KS purchased a new position in shares of Under Armour during the third quarter worth about $59,000. Algert Global LLC bought a new stake in Under Armour during the second quarter valued at approximately $98,000. ProShare Advisors LLC purchased a new position in Under Armour in the 2nd quarter worth approximately $118,000. Gateway Wealth Partners LLC purchased a new position in Under Armour in the 2nd quarter worth approximately $124,000. Finally, AQR Capital Management LLC increased its holdings in shares of Under Armour by 87.6% in the 2nd quarter. AQR Capital Management LLC now owns 24,468 shares of the company's stock worth $160,000 after buying an additional 11,426 shares during the last quarter. Institutional investors own 36.35% of the company's stock.

Insider Buying and Selling at Under Armour

In related news, insider Mehri Shadman sold 17,240 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $8.76, for a total transaction of $151,022.40. Following the transaction, the insider now owns 182,538 shares in the company, valued at $1,599,032.88. The trade was a 8.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David Bergman sold 30,000 shares of the stock in a transaction that occurred 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 owns 494,210 shares of the company's stock, valued at approximately $4,492,368.90. This trade represents a 5.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,879 shares of company stock worth $508,642 over the last ninety days. Insiders own 15.60% of the company's stock.

Under Armour Price Performance

Shares of NYSE UA traded down $0.09 during mid-day trading on Friday, reaching $7.56. 2,028,544 shares of the company were exchanged, compared to its average volume of 3,274,509. Under Armour, Inc. has a 52 week low of $6.02 and a 52 week high of $10.62. The company's 50 day moving average price is $8.40 and its 200 day moving average price is $7.65. The stock has a market capitalization of $3.27 billion, a PE ratio of -189.00 and a beta of 1.66. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30.

Under Armour 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.