State Street Corp Trims Stake in Under Armour, Inc. (NYSE:UA)

State Street Corp lessened its holdings in shares of Under Armour, Inc. (NYSE:UA - Free Report) by 16.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,764,445 shares of the company's stock after selling 945,645 shares during the period. State Street Corp owned 1.10% of Under Armour worth $39,831,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in shares of Under Armour in the 2nd quarter worth approximately $201,000. Ridgewood Investments LLC purchased a new stake in shares of Under Armour in the second quarter worth $112,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Under Armour by 19.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,301 shares of the company's stock valued at $328,000 after acquiring an additional 8,286 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of 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. Finally, Resonant Capital Advisors LLC boosted its stake in Under Armour by 16.2% in the 2nd quarter. Resonant Capital Advisors LLC now owns 25,705 shares of the company's stock worth $168,000 after purchasing an additional 3,582 shares in the last quarter. 36.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the company's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $8.81, for a total transaction of $84,919.59. Following the transaction, the insider now owns 172,899 shares in the company, valued at approximately $1,523,240.19. This represents a 5.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, the chief financial officer now directly owns 494,210 shares in the company, valued at approximately $4,492,368.90. The trade was a 5.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,879 shares of company stock worth $508,642 over the last 90 days. 15.60% of the stock is currently owned by insiders.

Under Armour Stock Up 2.9 %

NYSE:UA traded up $0.22 on Friday, reaching $7.78. 4,525,771 shares of the stock traded hands, compared to its average volume of 3,300,154. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of -194.50 and a beta of 1.66. Under Armour, Inc. has a 12 month low of $6.02 and a 12 month high of $10.62. The company's fifty day simple moving average is $8.50 and its 200 day simple moving average is $7.62.

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.