ABC Arbitrage SA Makes New Investment in Under Armour, Inc. (NYSE:UA)

ABC Arbitrage SA bought a new position in Under Armour, Inc. (NYSE:UA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 109,744 shares of the company’s stock, valued at approximately $819,000.

Other institutional investors and hedge funds have also modified their holdings of the company. BDT Capital Partners LLC increased its holdings in shares of Under Armour by 0.3% in 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 in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Under Armour by 781.7% in 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 period. XTX Topco Ltd grew its holdings in shares of Under Armour by 307.5% in the third quarter. XTX Topco Ltd now owns 108,788 shares of the company’s stock worth $909,000 after acquiring an additional 82,089 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Under Armour in the fourth quarter worth $2,983,000. Finally, Verition Fund Management LLC bought a new stake in shares of Under Armour in the third quarter worth $2,594,000. Institutional investors own 36.35% of the company’s stock.

Insider Activity at Under Armour

In related news, insider Mehri Shadman sold 9,639 shares of Under Armour stock in a transaction 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 directly owns 172,899 shares in the company, valued at approximately $1,523,240.19. The trade was a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction 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 owns 494,210 shares in the company, valued at $4,492,368.90. This trade represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.60% of the stock is owned by company insiders.

Under Armour Stock Performance

Shares of UA opened at $6.64 on Friday. 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 one year low of $6.02 and a one year high of $10.62. The firm has a market capitalization of $2.87 billion, a P/E ratio of -22.88 and a beta of 1.67. The business has a fifty day moving average of $7.52 and a 200 day moving average of $7.83.

Under Armour (NYSE:UA) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.08 EPS 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 period last year, the company earned $0.25 earnings per share.

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.