M&T Bank Corp Has $116,000 Stock Position in Under Armour, Inc. (NYSE:UA)

Posted by on Jun 7th, 2023

M&T Bank Corp trimmed its holdings in shares of Under Armour, Inc. (NYSE:UA – Get Rating) by 22.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,160 shares of the company’s stock after selling 2,988 shares during the period. M&T Bank Corp’s holdings in Under Armour were worth $116,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Point72 Hong Kong Ltd raised its position in Under Armour by 80.7% during the third quarter. Point72 Hong Kong Ltd now owns 108,838 shares of the company’s stock valued at $649,000 after buying an additional 48,619 shares during the period. Boothbay Fund Management LLC grew its stake in Under Armour by 208.9% in the third quarter. Boothbay Fund Management LLC now owns 36,027 shares of the company’s stock valued at $215,000 after purchasing an additional 24,363 shares in the last quarter. Amalgamated Bank grew its stake in Under Armour by 22.6% in the fourth quarter. Amalgamated Bank now owns 176,968 shares of the company’s stock valued at $1,579,000 after purchasing an additional 32,664 shares in the last quarter. Pinnacle Financial Partners Inc. grew its stake in Under Armour by 200.0% in the fourth quarter. Pinnacle Financial Partners Inc. now owns 6,000 shares of the company’s stock valued at $54,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in Under Armour by 11.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 14,800 shares of the company’s stock valued at $132,000 after purchasing an additional 1,567 shares in the last quarter. 32.63% of the stock is owned by institutional investors and hedge funds.

Under Armour Stock Performance

Shares of NYSE UA opened at $7.10 on Wednesday. The company has a market capitalization of $3.16 billion, a P/E ratio of 8.26 and a beta of 1.61. The business’s 50-day moving average price is $7.57 and its two-hundred day moving average price is $8.52. Under Armour, Inc. has a one year low of $5.74 and a one year high of $11.41. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.18 and a quick ratio of 1.30.

Under Armour (NYSE:UA – Get Rating) last released its quarterly earnings results on Tuesday, May 9th. The company reported $0.18 earnings per share (EPS) for the quarter. The company had revenue of $1.40 billion during the quarter. Under Armour had a return on equity of 14.44% and a net margin of 6.55%.

Insider Activity at Under Armour

In related news, insider Kevin A. Plank sold 16,000,000 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $6.13, for a total transaction of $98,080,000.00. Following the completion of the sale, the insider now owns 482,451 shares in the company, valued at approximately $2,957,424.63. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 15.70% of the stock is owned by corporate insiders.

About Under Armour

(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 geographical segments: North America, EMEA, Asia-Pacific, Latin America, and Other. The company was founded by Kevin A.

Featured Stories

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.