MetLife Investment Management LLC Sells 3,962 Shares of Under Armour, Inc. (NYSE:UA)

Posted by on Mar 2nd, 2023

MetLife Investment Management LLC trimmed its holdings in Under Armour, Inc. (NYSE:UA – Get Rating) by 3.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 128,194 shares of the company’s stock after selling 3,962 shares during the period. MetLife Investment Management LLC’s holdings in Under Armour were worth $764,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Under Armour by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 23,944,700 shares of the company’s stock worth $372,579,000 after buying an additional 281,621 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Under Armour by 248.4% during the 2nd quarter. Renaissance Technologies LLC now owns 3,989,600 shares of the company’s stock worth $30,241,000 after buying an additional 2,844,500 shares during the period. Invesco Ltd. boosted its holdings in shares of Under Armour by 45.0% during the 1st quarter. Invesco Ltd. now owns 3,300,514 shares of the company’s stock worth $51,356,000 after buying an additional 1,024,573 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Under Armour by 26.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,830,610 shares of the company’s stock worth $28,485,000 after buying an additional 377,187 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Under Armour by 14.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,470,194 shares of the company’s stock worth $22,882,000 after buying an additional 190,513 shares during the period. 32.63% of the stock is owned by institutional investors.

Insider Activity at Under Armour

In related news, insider Tchernavia Rocker sold 69,823 shares of the company’s stock in a transaction on Friday, February 10th. The shares were sold at an average price of $9.32, for a total transaction of $650,750.36. Following the completion of the transaction, the insider now directly owns 260,291 shares in the company, valued at approximately $2,425,912.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 15.70% of the company’s stock.

Under Armour Price Performance

NYSE UA opened at $8.69 on Thursday. The company has a current ratio of 2.07, a quick ratio of 1.26 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $9.65 and a 200 day simple moving average of $8.29. The company has a market cap of $3.85 billion, a P/E ratio of 24.83 and a beta of 1.54. Under Armour, Inc. has a 1 year low of $5.74 and a 1 year high of $16.52.

Under Armour Profile

(Get Rating)

Under Armour, Inc engages in the development, marketing, and distribution of branded performance apparel, footwear, and accessories for men, women, and youth. It operates through the following segments: North America, EMEA, Asia-Pacific, Latin America, and Connected Fitness. The Connected Fitness segment offers digital fitness subscriptions, along with digital advertising through its MapMyFitness, MyFitnessPal, and Endomondo applications.

Featured Articles

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

Receive News & Ratings for Under Armour Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour and related companies with MarketBeat.com's FREE daily email newsletter.