Under Armour, Inc. (NYSE:UA) Shares Sold by abrdn plc

abrdn plc decreased its holdings in Under Armour, Inc. (NYSE:UAGet Rating) by 20.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,794 shares of the company’s stock after selling 8,777 shares during the quarter. abrdn plc’s holdings in Under Armour were worth $551,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in UA. Daiwa Securities Group Inc. boosted its position in shares of Under Armour by 46.6% in the 1st quarter. Daiwa Securities Group Inc. now owns 2,392 shares of the company’s stock worth $37,000 after purchasing an additional 760 shares in the last quarter. Byrne Asset Management LLC acquired a new stake in shares of Under Armour in the 4th quarter worth $41,000. Tyler Stone Wealth Management acquired a new stake in shares of Under Armour in the 4th quarter worth $48,000. CWM LLC acquired a new stake in Under Armour during the 4th quarter worth about $55,000. Finally, Nomura Asset Management Co. Ltd. lifted its position in Under Armour by 66.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,191 shares of the company’s stock worth $58,000 after acquiring an additional 1,271 shares during the period. Institutional investors and hedge funds own 36.34% of the company’s stock.

Under Armour Stock Performance

Shares of UA opened at $8.46 on Thursday. The stock has a 50-day moving average of $8.41 and a two-hundred day moving average of $12.25. Under Armour, Inc. has a one year low of $7.22 and a one year high of $23.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.74 and a current ratio of 2.30. The stock has a market cap of $4.03 billion, a P/E ratio of 18.00 and a beta of 1.38.

Under Armour (NYSE:UAGet Rating) last issued its quarterly earnings results on Friday, May 6th. The company reported ($0.01) EPS for the quarter. Under Armour had a return on equity of 16.20% and a net margin of 3.89%. The firm had revenue of $1.30 billion for the quarter.

Insiders Place Their Bets

In related news, Director David W. Gibbs acquired 25,000 shares of the firm’s stock in a transaction dated Tuesday, May 31st. The stock was acquired at an average price of $9.60 per share, with a total value of $240,000.00. Following the acquisition, the director now directly owns 50,000 shares in the company, valued at approximately $480,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.70% of the stock is currently owned by insiders.

About Under Armour

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Under Armour, Inc, together with its subsidiaries, engages in the developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company offers its apparel in compression, fitted, and loose fit types. It also provides footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.

Further Reading

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Institutional Ownership by Quarter for Under Armour (NYSE:UA)

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