Kercheville Advisors LLC Invests $75,000 in Under Armour, Inc. (NYSE:UA)

Kercheville Advisors LLC acquired a new stake in shares of Under Armour, Inc. (NYSE:UA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,100 shares of the company’s stock, valued at approximately $75,000.

A number of other institutional investors have also modified their holdings of the business. BDT Capital Partners LLC boosted its stake in Under Armour by 0.3% during the 3rd 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. BNP Paribas Financial Markets boosted its stake in Under Armour by 781.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 125,230 shares of the company’s stock valued at $1,047,000 after purchasing an additional 111,027 shares during the period. XTX Topco Ltd boosted its stake in Under Armour by 307.5% during the 3rd quarter. XTX Topco Ltd now owns 108,788 shares of the company’s stock valued at $909,000 after purchasing an additional 82,089 shares during the period. Assenagon Asset Management S.A. acquired a new position in Under Armour during the 4th quarter valued at about $2,983,000. Finally, Verition Fund Management LLC acquired a new position in Under Armour during the 3rd quarter valued at about $2,594,000. Institutional investors own 36.35% of the company’s stock.

Insider Transactions at Under Armour

In related news, insider Mehri Shadman sold 17,240 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $8.76, for a total transaction of $151,022.40. Following the completion of the sale, the insider now directly owns 182,538 shares of the company’s stock, valued at $1,599,032.88. This represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the sale, the chief financial officer now owns 494,210 shares in the company, valued at $4,492,368.90. This represents a 5.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 56,879 shares of company stock valued at $508,642. Company insiders own 15.60% of the company’s stock.

Under Armour Price Performance

Shares of NYSE:UA opened at $7.36 on Thursday. The company has a 50 day moving average of $7.83 and a 200-day moving average of $7.82. Under Armour, Inc. has a twelve month low of $6.02 and a twelve month high of $10.62. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30.

Under Armour 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.