Healthcare of Ontario Pension Plan Trust Fund Buys Shares of 62,055 Under Armour, Inc. (NYSE:UA)

Posted by on Mar 2nd, 2023

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Under Armour, Inc. (NYSE:UA – Get Rating) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 62,055 shares of the company’s stock, valued at approximately $370,000.

A number of other large investors have also made changes to their positions in UA. Envestnet Asset Management Inc. acquired a new stake in shares of Under Armour during the first quarter valued at $235,000. Cetera Advisor Networks LLC boosted its stake in shares of Under Armour by 43.1% during the first quarter. Cetera Advisor Networks LLC now owns 19,929 shares of the company’s stock valued at $310,000 after acquiring an additional 6,002 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Under Armour by 27.6% during the first quarter. PNC Financial Services Group Inc. now owns 24,134 shares of the company’s stock valued at $376,000 after acquiring an additional 5,226 shares during the last quarter. Acadian Asset Management LLC lifted its position in Under Armour by 517.2% during the first quarter. Acadian Asset Management LLC now owns 7,444 shares of the company’s stock worth $115,000 after buying an additional 6,238 shares during the period. Finally, MetLife Investment Management LLC lifted its position in Under Armour by 22.7% during the first quarter. MetLife Investment Management LLC now owns 58,300 shares of the company’s stock worth $907,000 after buying an additional 10,784 shares during the period. Institutional investors and hedge funds own 32.63% of the company’s stock.

Insider Buying and Selling

In related news, insider Tchernavia Rocker sold 69,823 shares of the stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $9.32, for a total transaction of $650,750.36. Following the transaction, the insider now directly owns 260,291 shares in the company, valued at $2,425,912.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 15.70% of the stock is currently owned by company insiders.

Under Armour Stock Performance

NYSE UA opened at $8.69 on Thursday. The business’s 50-day moving average price is $9.65 and its 200 day moving average price is $8.29. Under Armour, Inc. has a twelve month low of $5.74 and a twelve month high of $16.52. The company has a market capitalization of $3.85 billion, a PE ratio of 24.83 and a beta of 1.54. The company has a current ratio of 2.07, a quick ratio of 1.26 and a debt-to-equity ratio of 0.37.

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.

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

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