Under Armour, Inc. (NYSE:UA) Insider Mehri Shadman Sells 17,240 Shares

Under Armour, Inc. (NYSE:UA) insider Mehri Shadman sold 17,240 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $8.76, for a total value of $151,022.40. Following the transaction, the insider now directly owns 182,538 shares in the company, valued at $1,599,032.88. The trade was a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Mehri Shadman also recently made the following trade(s):

• On Monday, November 18th, Mehri Shadman sold 9,639 shares of Under Armour stock. The stock was sold at an average price of $8.81, for a total transaction of $84,919.59.

Under Armour Stock Performance

Shares of NYSE UA opened at $8.57 on Wednesday. The company has a market capitalization of $3.71 billion, a P/E ratio of -214.25 and a beta of 1.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24. Under Armour, Inc. has a one year low of $6.02 and a one year high of $10.62. The business’s 50-day moving average price is $8.12 and its two-hundred day moving average price is $7.32.

Hedge Funds Weigh In On Under Armour

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Peoples Bank KS bought a new stake in Under Armour during the third quarter worth approximately $59,000. Janney Montgomery Scott LLC bought a new position in shares of Under Armour during the 1st quarter worth about $78,000. CWM LLC grew its holdings in shares of Under Armour by 31.1% during the 2nd quarter. CWM LLC now owns 12,628 shares of the company’s stock worth $82,000 after purchasing an additional 2,995 shares in the last quarter. Algert Global LLC bought a new stake in Under Armour in the 2nd quarter valued at $98,000. Finally, Ridgewood Investments LLC acquired a new position in Under Armour in the second quarter worth about $112,000. Institutional investors own 36.35% of the company’s stock.

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.