Massachusetts Financial Services Co. MA Has $33.57 Million Stock Position in Under Armour, Inc. (NYSE:UA)

Massachusetts Financial Services Co. MA cut its holdings in Under Armour, Inc. (NYSE:UA - Free Report) by 2.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,015,156 shares of the company's stock after selling 113,069 shares during the period. Massachusetts Financial Services Co. MA owned about 0.93% of Under Armour worth $33,567,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in shares of Under Armour by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 11,089,780 shares of the company's stock valued at $72,415,000 after purchasing an additional 795,803 shares during the period. Victory Capital Management Inc. raised its stake in Under Armour by 14.2% in the second quarter. Victory Capital Management Inc. now owns 6,059,071 shares of the company's stock valued at $39,566,000 after purchasing an additional 752,018 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Under Armour during the 2nd quarter worth approximately $4,579,000. Profit Investment Management LLC increased its stake in Under Armour by 0.7% in the second quarter. Profit Investment Management LLC now owns 569,878 shares of the company's stock valued at $3,721,000 after acquiring an additional 4,009 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Under Armour by 1.5% during the second quarter. Renaissance Technologies LLC now owns 410,300 shares of the company's stock worth $2,679,000 after purchasing an additional 5,890 shares during the last quarter. Institutional investors own 36.35% of the company's stock.

Insiders Place Their Bets

In other news, insider Mehri Shadman sold 17,240 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $8.76, for a total transaction of $151,022.40. Following the completion of the sale, the insider now directly owns 182,538 shares in the company, valued at $1,599,032.88. This represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 15.60% of the company's stock.

Under Armour Trading Down 1.6 %

Shares of Under Armour stock traded down $0.14 on Tuesday, hitting $8.77. The stock had a trading volume of 1,906,695 shares, compared to its average volume of 3,294,137. The stock has a 50 day moving average of $8.24 and a 200 day moving average of $7.38. The firm has a market capitalization of $3.79 billion, a P/E ratio of -218.25 and a beta of 1.64. Under Armour, Inc. has a twelve month low of $6.02 and a twelve month high of $10.62. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18.

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.