Alpha DNA Investment Management LLC Buys Shares of 48,738 Under Armour, Inc. (NYSE:UA)

Alpha DNA Investment Management LLC bought a new stake in Under Armour, Inc. (NYSE:UA) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 48,738 shares of the company’s stock, valued at approximately $407,000.

Several other hedge funds also recently made changes to their positions in UA. Peoples Bank KS purchased a new position in Under Armour during the third quarter worth about $59,000. CWM LLC grew its position in Under Armour by 31.1% during the second quarter. CWM LLC now owns 12,628 shares of the company’s stock worth $82,000 after buying an additional 2,995 shares in the last quarter. Algert Global LLC purchased a new position in Under Armour during the second quarter worth about $98,000. Ridgewood Investments LLC purchased a new position in Under Armour during the second quarter worth about $112,000. Finally, ProShare Advisors LLC purchased a new position in Under Armour during the second quarter worth about $118,000. 36.35% of the stock is currently owned by hedge funds and other institutional investors.

Under Armour Stock Up 3.4 %

Under Armour stock opened at $8.72 on Monday. Under Armour, Inc. has a 52 week low of $6.02 and a 52 week high of $10.62. The business has a 50-day simple moving average of $8.21 and a 200 day simple moving average of $7.37. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18.

Insider Transactions at Under Armour

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $8.81, for a total transaction of $84,919.59. Following the completion of the transaction, the insider now owns 172,899 shares of the company’s stock, valued at $1,523,240.19. This represents a 5.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 15.60% of the company’s stock.

About Under Armour

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.