Amalgamated Bank lowered its holdings in Under Armour, Inc. (NYSE:UA – Free Report) by 49.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,647 shares of the company’s stock after selling 60,429 shares during the period. Amalgamated Bank’s holdings in Under Armour were worth $507,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Handelsbanken Fonder AB increased 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 worth $504,000 after acquiring an additional 20,600 shares in the last quarter. Peoples Bank KS acquired a new stake in shares of Under Armour in the third quarter worth $59,000. Gateway Wealth Partners LLC purchased a new position in shares of Under Armour in the second quarter valued at $124,000. Algert Global LLC purchased a new position in shares of Under Armour in the second quarter valued at $98,000. Finally, AQR Capital Management LLC boosted its stake in shares of Under Armour by 87.6% in the second quarter. AQR Capital Management LLC now owns 24,468 shares of the company’s stock valued at $160,000 after purchasing an additional 11,426 shares during the period. Institutional investors and hedge funds own 36.35% of the company’s stock.
Under Armour Price Performance
Shares of UA stock opened at $8.97 on Friday. The company has a market capitalization of $3.88 billion, a PE ratio of -224.25 and a beta of 1.64. The firm has a fifty day simple moving average of $8.04 and a 200-day simple moving average of $7.29. 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.
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.
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