Summit Financial Strategies Inc. Buys 13,780 Shares of Under Armour, Inc. (NYSE:UA)

Summit Financial Strategies Inc. increased its stake in shares of Under Armour, Inc. (NYSE:UA) by 71.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 33,195 shares of the company’s stock after purchasing an additional 13,780 shares during the quarter. Summit Financial Strategies Inc.’s holdings in Under Armour were worth $248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Weiss Asset Management LP purchased a new stake in shares of Under Armour in the third quarter valued at $3,628,000. Assenagon Asset Management S.A. bought a new position in Under Armour in the 4th quarter valued at $2,983,000. Verition Fund Management LLC purchased a new stake in Under Armour in the third quarter worth $2,594,000. FMR LLC lifted its position in shares of Under Armour by 841.6% during the third quarter. FMR LLC now owns 189,275 shares of the company’s stock worth $1,582,000 after purchasing an additional 169,174 shares during the last quarter. Finally, BDT Capital Partners LLC boosted its stake in shares of Under Armour by 0.3% during the third quarter. BDT Capital Partners LLC now owns 60,000,000 shares of the company’s stock valued at $501,600,000 after purchasing an additional 161,901 shares during the period. Hedge funds and other institutional investors own 36.35% of the company’s stock.

Insider Buying and Selling at Under Armour

In other news, insider Mehri Shadman sold 17,240 shares of the company’s 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 sale, the insider now owns 182,538 shares of the company’s stock, valued at approximately $1,599,032.88. This represents a 8.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David Bergman sold 30,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 56,879 shares of company stock valued at $508,642 in the last three months. Company insiders own 15.60% of the company’s stock.

Under Armour Stock Down 1.0 %

NYSE UA opened at $7.58 on Monday. Under Armour, Inc. has a 12 month low of $6.02 and a 12 month high of $10.62. The company’s 50-day moving average price is $8.03 and its 200-day moving average price is $7.78. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18.

Under Armour Company 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.