Mehri Shadman Sells 9,639 Shares of Under Armour, Inc. (NYSE:UA) Stock

Under Armour, Inc. (NYSE:UA) insider Mehri Shadman sold 9,639 shares of the 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 completion of the sale, the insider now owns 172,899 shares of the company’s stock, valued at $1,523,240.19. This trade represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, November 15th, Mehri Shadman sold 17,240 shares of Under Armour stock. The shares were sold at an average price of $8.76, for a total transaction of $151,022.40.

Under Armour Trading Down 2.9 %

Shares of UA opened at $8.32 on Thursday. 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 12-month low of $6.02 and a 12-month high of $10.62. The firm has a 50-day moving average price of $8.15 and a 200 day moving average price of $7.33.

Institutional Investors Weigh In On Under Armour

A number of hedge funds have recently modified their holdings of the company. CWM LLC grew its holdings in shares of Under Armour by 31.1% in the second quarter. CWM LLC now owns 12,628 shares of the company’s stock valued at $82,000 after purchasing an additional 2,995 shares during the period. Resonant Capital Advisors LLC grew its holdings in shares of Under Armour by 16.2% in the second quarter. Resonant Capital Advisors LLC now owns 25,705 shares of the company’s stock valued at $168,000 after purchasing an additional 3,582 shares during the period. Summit Financial Strategies Inc. grew its holdings in shares of Under Armour by 24.9% in the second quarter. Summit Financial Strategies Inc. now owns 19,415 shares of the company’s stock valued at $127,000 after purchasing an additional 3,868 shares during the period. SFG Wealth Management LLC. boosted its stake in Under Armour by 20.8% during the third quarter. SFG Wealth Management LLC. now owns 23,200 shares of the company’s stock worth $194,000 after buying an additional 4,000 shares during the period. Finally, Profit Investment Management LLC boosted its stake in Under Armour by 0.7% during the second quarter. Profit Investment Management LLC now owns 569,878 shares of the company’s stock worth $3,721,000 after buying an additional 4,009 shares during the period. Hedge funds and other 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.