Quest Partners LLC Makes New Investment in Under Armour, Inc. (NYSE:UA)

Quest Partners LLC bought a new position in Under Armour, Inc. (NYSE:UA) in the third quarter, HoldingsChannel reports. The fund bought 36,815 shares of the company’s stock, valued at approximately $308,000.

Other hedge funds have also bought and sold shares of the company. Los Angeles Capital Management LLC bought a new stake in shares of Under Armour during the 3rd quarter valued at about $369,000. SFG Wealth Management LLC. grew its stake in shares of Under Armour by 20.8% during the 3rd quarter. SFG Wealth Management LLC. now owns 23,200 shares of the company’s stock valued at $194,000 after purchasing an additional 4,000 shares during the period. Handelsbanken Fonder AB grew its stake in shares of Under Armour by 51.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 60,300 shares of the company’s stock valued at $504,000 after purchasing an additional 20,600 shares during the period. Peoples Bank KS bought a new stake in shares of Under Armour during the 3rd quarter valued at about $59,000. Finally, Gateway Wealth Partners LLC bought a new stake in shares of Under Armour during the 2nd quarter valued at about $124,000. Hedge funds and other institutional investors own 36.35% of the company’s stock.

Under Armour Trading Up 2.2 %

Under Armour stock opened at $8.91 on Tuesday. The business has a 50-day simple moving average of $8.21 and a two-hundred day simple moving average of $7.37. The company has a market cap of $3.85 billion, a P/E ratio of -222.75 and a beta of 1.64. Under Armour, Inc. has a 52-week low of $6.02 and a 52-week high of $10.62. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30.

Insider Activity at Under Armour

In related news, insider Mehri Shadman sold 9,639 shares of the business’s 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 completion of the transaction, the insider now directly owns 172,899 shares in the company, valued at approximately $1,523,240.19. The trade was a 5.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 15.60% of the stock is currently owned by corporate insiders.

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.