Perigon Wealth Management LLC Boosts Stock Position in Under Armour, Inc. (NYSE:UA)

Perigon Wealth Management LLC lifted its holdings in shares of Under Armour, Inc. (NYSE:UA) by 7.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,878 shares of the company’s stock after buying an additional 3,802 shares during the quarter. Perigon Wealth Management LLC’s holdings in Under Armour were worth $321,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UA. Amalgamated Bank increased its position in shares of Under Armour by 3.5% during the fourth quarter. Amalgamated Bank now owns 62,753 shares of the company’s stock worth $468,000 after purchasing an additional 2,106 shares in the last quarter. Mariner LLC lifted its holdings in Under Armour by 9.0% in the 4th quarter. Mariner LLC now owns 35,094 shares of the company’s stock valued at $262,000 after purchasing an additional 2,894 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Under Armour by 23.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,224 shares of the company’s stock worth $114,000 after purchasing an additional 2,930 shares during the last quarter. Harbour Investments Inc. grew its holdings in shares of Under Armour by 592.9% during the fourth quarter. Harbour Investments Inc. now owns 3,506 shares of the company’s stock worth $26,000 after buying an additional 3,000 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Under Armour by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 938,078 shares of the company’s stock worth $6,998,000 after buying an additional 3,207 shares in the last quarter. Hedge funds and other institutional investors own 36.35% of the company’s stock.

Under Armour Stock Down 1.4%

Shares of NYSE UA opened at $6.50 on Tuesday. The stock has a market cap of $2.77 billion, a PE ratio of -13.83 and a beta of 1.55. The company has a current ratio of 2.10, a quick ratio of 1.25 and a debt-to-equity ratio of 0.31. Under Armour, Inc. has a 12-month low of $4.62 and a 12-month high of $10.62. The company has a 50-day moving average of $6.07 and a 200 day moving average of $6.45.

Under Armour (NYSE:UA) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). Under Armour had a positive return on equity of 7.04% and a negative net margin of 3.90%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion.

Insider Activity at Under Armour

In other Under Armour news, insider Mehri Shadman sold 16,287 shares of Under Armour stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total transaction of $100,002.18. Following the completion of the sale, the insider directly owned 191,796 shares in the company, valued at $1,177,627.44. This trade represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 15.60% of the stock is currently owned by company insiders.

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.