Under Armour (NYSE:UA) Stock Price Down 3.9% Following Insider Selling

Under Armour, Inc. (NYSE:UA)’s share price fell 3.9% during trading on Wednesday following insider selling activity. The stock traded as low as $8.23 and last traded at $8.24. 414,411 shares changed hands during trading, a decline of 87% from the average session volume of 3,282,418 shares. The stock had previously closed at $8.57.

Specifically, insider Mehri Shadman sold 9,639 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $8.81, for a total transaction of $84,919.59. Following the transaction, the insider now directly 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mehri Shadman sold 17,240 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were 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. This represents a 8.63 % decrease in their position. The disclosure for this sale can be found here.

Under Armour Stock Down 3.9 %

The stock has a market cap of $3.56 billion, a price-to-earnings ratio of -214.25 and a beta of 1.64. The stock has a 50 day simple moving average of $8.12 and a 200 day simple moving average of $7.32. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30.

Institutional Trading of Under Armour

Hedge funds have recently bought and sold shares of the business. Barclays PLC raised its holdings in Under Armour by 2.4% during the third quarter. Barclays PLC now owns 304,273 shares of the company’s stock worth $2,544,000 after buying an additional 7,108 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Under Armour in the 3rd quarter worth about $464,000. XTX Topco Ltd raised its holdings in shares of Under Armour by 307.5% in the 3rd quarter. XTX Topco Ltd now owns 108,788 shares of the company’s stock worth $909,000 after acquiring an additional 82,089 shares during the last quarter. Weiss Asset Management LP bought a new position in Under Armour in the 3rd quarter valued at about $3,628,000. Finally, Quantinno Capital Management LP boosted its stake in Under Armour by 45.2% during the 3rd quarter. Quantinno Capital Management LP now owns 104,477 shares of the company’s stock valued at $873,000 after purchasing an additional 32,503 shares during the last quarter. Institutional investors and hedge funds 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.