ABC Arbitrage SA Invests $819,000 in Under Armour, Inc. (NYSE:UA)

ABC Arbitrage SA bought a new position in Under Armour, Inc. (NYSE:UA) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 109,744 shares of the company’s stock, valued at approximately $819,000.

Several other large investors have also recently made changes to their positions in UA. Weiss Asset Management LP bought a new stake in shares of Under Armour in the third quarter worth about $3,628,000. Assenagon Asset Management S.A. bought a new stake in Under Armour during the fourth quarter worth approximately $2,983,000. Verition Fund Management LLC bought a new stake in Under Armour during the third quarter worth approximately $2,594,000. FMR LLC increased 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 acquiring an additional 169,174 shares during the last quarter. Finally, BDT Capital Partners LLC increased its stake in Under Armour by 0.3% during the third quarter. BDT Capital Partners LLC now owns 60,000,000 shares of the company’s stock worth $501,600,000 after acquiring an additional 161,901 shares during the last quarter. 36.35% of the stock is owned by institutional investors.

Under Armour Trading Down 1.4 %

Shares of NYSE UA opened at $6.64 on Friday. The business’s 50 day moving average is $7.52 and its two-hundred day moving average is $7.83. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.24. Under Armour, Inc. has a 1-year low of $6.02 and a 1-year high of $10.62. The stock has a market capitalization of $2.87 billion, a P/E ratio of -22.88 and a beta of 1.67.

Under Armour (NYSE:UA) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same quarter in the previous year, the company earned $0.25 EPS.

Insiders Place Their Bets

In other news, insider Mehri Shadman sold 9,639 shares of the company’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 transaction, the insider now owns 172,899 shares of the company’s stock, valued at approximately $1,523,240.19. This represents a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction, the chief financial officer now directly owns 494,210 shares in the company, valued at approximately $4,492,368.90. This represents a 5.72 % decrease in their position. The disclosure for this sale can be found here. 15.60% of the stock is currently owned by insiders.

Under Armour Profile

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.