Under Armour, Inc. (NYSE:UA) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in Under Armour, Inc. (NYSE:UA) by 52.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 304,611 shares of the company’s stock after selling 331,606 shares during the period. Principal Financial Group Inc.’s holdings in Under Armour were worth $2,547,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Handelsbanken Fonder AB grew its position in shares of Under Armour by 51.9% in the third quarter. Handelsbanken Fonder AB now owns 60,300 shares of the company’s stock valued at $504,000 after purchasing an additional 20,600 shares in the last quarter. Peoples Bank KS acquired a new position in Under Armour during the third quarter worth $59,000. Gateway Wealth Partners LLC purchased a new stake in Under Armour in the 2nd quarter valued at $124,000. Algert Global LLC acquired a new stake in shares of Under Armour in the 2nd quarter worth $98,000. Finally, AQR Capital Management LLC increased its stake in shares of Under Armour by 87.6% in the 2nd quarter. AQR Capital Management LLC now owns 24,468 shares of the company’s stock worth $160,000 after acquiring an additional 11,426 shares during the last quarter. 36.35% of the stock is owned by hedge funds and other institutional investors.

Under Armour Trading Up 3.3 %

Shares of UA stock opened at $8.71 on Friday. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. Under Armour, Inc. has a twelve month low of $6.02 and a twelve month high of $10.62. The company’s 50-day moving average price is $8.18 and its 200-day moving average price is $7.34. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of -216.75 and a beta of 1.64.

Insiders Place Their Bets

In related news, insider Mehri Shadman sold 17,240 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $8.76, for a total value of $151,022.40. Following the completion of the transaction, the insider now directly owns 182,538 shares in the company, valued at approximately $1,599,032.88. This represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 15.60% of the stock is owned by insiders.

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.