Quantinno Capital Management LP Grows Holdings in Under Armour, Inc. (NYSE:UA)

Quantinno Capital Management LP boosted its position in Under Armour, Inc. (NYSE:UA) by 45.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 104,477 shares of the company’s stock after acquiring an additional 32,503 shares during the quarter. Quantinno Capital Management LP’s holdings in Under Armour were worth $873,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Peoples Bank KS acquired a new position in shares of Under Armour in the third quarter worth about $59,000. CWM LLC increased its holdings in Under Armour by 31.1% during the 2nd 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 last quarter. Algert Global LLC acquired a new position in shares of Under Armour in the 2nd quarter valued at approximately $98,000. Ridgewood Investments LLC purchased a new position in shares of Under Armour during the 2nd quarter valued at approximately $112,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Under Armour during the second quarter worth approximately $118,000. 36.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Under Armour news, CFO David Bergman sold 30,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $4,492,368.90. This trade represents a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mehri Shadman sold 17,240 shares of Under Armour stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $8.76, for a total value of $151,022.40. Following the completion of the transaction, the insider now owns 182,538 shares of the company’s stock, valued at approximately $1,599,032.88. The trade was a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,879 shares of company stock worth $508,642. 15.60% of the stock is currently owned by corporate insiders.

Under Armour Trading Down 8.0 %

UA opened at $8.01 on Friday. Under Armour, Inc. has a 12-month low of $6.02 and a 12-month high of $10.62. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24. The stock has a market capitalization of $3.46 billion, a PE ratio of -200.13 and a beta of 1.66. The firm’s fifty day moving average price is $8.52 and its 200 day moving average price is $7.59.

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.