Verition Fund Management LLC Takes Position in Under Armour, Inc. (NYSE:UA)

Verition Fund Management LLC purchased a new position in Under Armour, Inc. (NYSE:UA - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 310,309 shares of the company's stock, valued at approximately $2,594,000. Verition Fund Management LLC owned 0.07% of Under Armour at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UA. Peoples Bank KS bought a new stake in shares of Under Armour in the 3rd quarter worth about $59,000. CWM LLC grew its position in Under Armour by 31.1% in the second quarter. CWM LLC now owns 12,628 shares of the company's stock worth $82,000 after acquiring an additional 2,995 shares in the last quarter. Algert Global LLC bought a new stake in Under Armour during the second quarter worth approximately $98,000. Ridgewood Investments LLC purchased a new stake in Under Armour during the second quarter valued at approximately $112,000. Finally, ProShare Advisors LLC bought a new stake in shares of Under Armour in the 2nd quarter valued at approximately $118,000. 36.35% of the stock is currently owned by institutional investors.

Under Armour Trading Down 0.4 %

Shares of NYSE UA traded down $0.04 during trading hours on Thursday, hitting $9.02. 1,936,177 shares of the company traded hands, compared to its average volume of 3,275,968. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of -227.25 and a beta of 1.66. The company's 50 day moving average price is $8.44 and its 200 day moving average price is $7.49. Under Armour, Inc. has a 12 month low of $6.02 and a 12 month high of $10.62. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30.

Insider Activity

In other news, insider Mehri Shadman sold 17,240 shares of Under Armour stock in a transaction on Friday, November 15th. The stock was 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 approximately $1,599,032.88. This trade represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David Bergman sold 30,000 shares of the business's stock in a transaction on 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 of the company's stock, valued at $4,492,368.90. This represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,879 shares of company stock valued at $508,642. 15.60% of the stock is currently owned by company insiders.

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.