Under Armour, Inc. (NYSE:UA) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its holdings in shares of Under Armour, Inc. (NYSE:UA) by 21.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 20,664 shares of the company’s stock after selling 5,599 shares during the period. HighTower Advisors LLC’s holdings in Under Armour were worth $176,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UA. BDT Capital Partners LLC grew its stake in shares of Under Armour by 0.3% during the 3rd quarter. BDT Capital Partners LLC now owns 60,000,000 shares of the company’s stock worth $501,600,000 after purchasing an additional 161,901 shares during the period. Verition Fund Management LLC purchased a new stake in shares of Under Armour during the 3rd quarter valued at $2,594,000. BNP Paribas Financial Markets increased its stake in Under Armour by 781.7% during the third quarter. BNP Paribas Financial Markets now owns 125,230 shares of the company’s stock worth $1,047,000 after acquiring an additional 111,027 shares during the last quarter. FMR LLC grew its stake in Under Armour by 841.6% during the third quarter. FMR LLC now owns 189,275 shares of the company’s stock worth $1,582,000 after buying an additional 169,174 shares during the period. Finally, Alpha DNA Investment Management LLC purchased a new stake in shares of Under Armour during the 3rd quarter valued at about $407,000. 36.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO David Bergman sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the sale, the chief financial officer now directly owns 494,210 shares of the company’s stock, valued at approximately $4,492,368.90. This represents a 5.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mehri Shadman sold 17,240 shares of the business’s stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Insiders have sold 56,879 shares of company stock worth $508,642 over the last ninety days. 15.60% of the stock is owned by insiders.

Under Armour Trading Down 0.7 %

Shares of UA opened at $7.58 on Thursday. The company has a market capitalization of $3.28 billion, a P/E ratio of -189.50 and a beta of 1.67. The stock has a 50-day moving average price of $8.44 and a 200 day moving average price of $7.65. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18. Under Armour, Inc. has a one year low of $6.02 and a one year high of $10.62.

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.