Massachusetts Financial Services Co. MA Lowers Holdings in Under Armour, Inc. (NYSE:UA)

Massachusetts Financial Services Co. MA trimmed its holdings in Under Armour, Inc. (NYSE:UA) by 2.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,015,156 shares of the company’s stock after selling 113,069 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.93% of Under Armour worth $33,567,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Quest Partners LLC purchased a new stake in Under Armour in the third quarter valued at $308,000. Los Angeles Capital Management LLC acquired a new position in shares of Under Armour in the third quarter worth about $369,000. SFG Wealth Management LLC. raised its position in shares of Under Armour by 20.8% in the third quarter. SFG Wealth Management LLC. now owns 23,200 shares of the company’s stock worth $194,000 after acquiring an additional 4,000 shares during the period. Handelsbanken Fonder AB raised its position in shares of Under Armour by 51.9% in the third quarter. Handelsbanken Fonder AB now owns 60,300 shares of the company’s stock worth $504,000 after acquiring an additional 20,600 shares during the period. Finally, Peoples Bank KS acquired a new position in shares of Under Armour in the third quarter worth about $59,000. 36.35% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $8.81, for a total value of $84,919.59. Following the completion of the transaction, the insider now owns 172,899 shares in the company, valued at approximately $1,523,240.19. This represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 15.60% of the company’s stock.

Under Armour Trading Up 2.2 %

Shares of Under Armour stock opened at $8.91 on Tuesday. The firm has a 50-day simple moving average of $8.21 and a two-hundred day simple moving average of $7.37. The company has a market cap of $3.85 billion, a P/E ratio of -222.75 and a beta of 1.64. Under Armour, Inc. has a fifty-two week low of $6.02 and a fifty-two week high of $10.62. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18.

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.