Under Armour, Inc. (NYSE:UA) Insider Mehri Shadman Sells 17,240 Shares

Under Armour, Inc. (NYSE:UA) insider Mehri Shadman sold 17,240 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $8.76, for a total value of $151,022.40. Following the transaction, the insider now owns 182,538 shares in the company, valued at $1,599,032.88. This trade represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, November 18th, Mehri Shadman sold 9,639 shares of Under Armour stock. The shares were sold at an average price of $8.81, for a total transaction of $84,919.59.

Under Armour Price Performance

Under Armour stock traded down $0.26 during mid-day trading on Tuesday, hitting $8.57. The company’s stock had a trading volume of 4,144,442 shares, compared to its average volume of 3,295,218. The stock’s fifty day moving average price is $8.12 and its two-hundred day moving average price is $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. The stock has a market capitalization of $3.71 billion, a P/E ratio of -214.25 and a beta of 1.64. Under Armour, Inc. has a twelve month low of $6.02 and a twelve month high of $10.62.

Hedge Funds Weigh In On Under Armour

A number of hedge funds have recently modified their holdings of the stock. Peoples Bank KS bought a new position in Under Armour during the third quarter valued at about $59,000. Janney Montgomery Scott LLC acquired a new position in Under Armour during the 1st quarter worth about $78,000. CWM LLC increased its position in Under Armour by 31.1% in the second quarter. CWM LLC now owns 12,628 shares of the company’s stock worth $82,000 after purchasing an additional 2,995 shares during the period. Algert Global LLC bought a new position in Under Armour in the second quarter valued at approximately $98,000. Finally, Ridgewood Investments LLC bought a new stake in shares of Under Armour in the 2nd quarter valued at about $112,000. 36.35% of the stock is owned by institutional investors and hedge funds.

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.