Thrivent Financial for Lutherans Sells 15,686 Shares of Under Armour, Inc. (NYSE:UA)

Thrivent Financial for Lutherans cut its stake in Under Armour, Inc. (NYSE:UA) by 33.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,739 shares of the company’s stock after selling 15,686 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Under Armour were worth $257,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in UA. CWM LLC lifted its holdings in Under Armour by 31.1% in the second quarter. CWM LLC now owns 12,628 shares of the company’s stock valued at $82,000 after acquiring an additional 2,995 shares during the period. Resonant Capital Advisors LLC lifted its stake in shares of Under Armour by 16.2% in the 2nd quarter. Resonant Capital Advisors LLC now owns 25,705 shares of the company’s stock worth $168,000 after purchasing an additional 3,582 shares during the period. Summit Financial Strategies Inc. lifted its stake in shares of Under Armour by 24.9% in the 2nd quarter. Summit Financial Strategies Inc. now owns 19,415 shares of the company’s stock worth $127,000 after purchasing an additional 3,868 shares during the period. SFG Wealth Management LLC. boosted its holdings in shares of Under Armour by 20.8% in the third quarter. SFG Wealth Management LLC. now owns 23,200 shares of the company’s stock worth $194,000 after buying an additional 4,000 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Under Armour by 1.5% during the second quarter. Renaissance Technologies LLC now owns 410,300 shares of the company’s stock valued at $2,679,000 after buying an additional 5,890 shares during the period. 36.35% of the stock is currently owned by institutional investors.

Insider Transactions at Under Armour

In other Under Armour news, CFO David Bergman sold 30,000 shares of Under Armour 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 transaction, the chief financial officer now owns 494,210 shares of the company’s stock, valued at $4,492,368.90. The trade was a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mehri Shadman sold 17,240 shares of the stock in a transaction on Friday, November 15th. The stock was 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 approximately $1,599,032.88. This trade represents a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,879 shares of company stock worth $508,642 in the last three months. Corporate insiders own 15.60% of the company’s stock.

Under Armour Stock Up 0.7 %

UA opened at $9.05 on Friday. The firm’s 50 day simple moving average is $8.47 and its two-hundred day simple moving average is $7.52. The company has a market capitalization of $3.91 billion, a PE ratio of -226.25 and a beta of 1.66. Under Armour, Inc. has a 1-year low of $6.02 and a 1-year high of $10.62. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30.

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.