Under Armour, Inc. (NYSE:UA) Position Decreased by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its position in Under Armour, Inc. (NYSE:UA) by 52.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 304,611 shares of the company’s stock after selling 331,606 shares during the period. Principal Financial Group Inc. owned about 0.07% of Under Armour worth $2,547,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of UA. Peoples Bank KS bought a new position in shares of Under Armour during the 3rd quarter valued at $59,000. Algert Global LLC bought a new position in shares of Under Armour during the 2nd quarter worth about $98,000. ProShare Advisors LLC acquired a new position in shares of Under Armour in the 2nd quarter worth approximately $118,000. Gateway Wealth Partners LLC bought a new stake in shares of Under Armour in the 2nd quarter worth about $124,000. Finally, AQR Capital Management LLC raised 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 acquiring an additional 11,426 shares during the last quarter. Hedge funds and other institutional investors own 36.35% of the company’s stock.

Under Armour Price Performance

UA opened at $7.50 on Friday. The company’s 50 day simple moving average is $8.33 and its 200-day simple moving average is $7.68. The stock has a market capitalization of $3.24 billion, a P/E ratio of -187.50 and a beta of 1.67. Under Armour, Inc. has a one year low of $6.02 and a one year high of $10.62. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24.

Insider Activity at Under Armour

In other Under Armour news, CFO David Bergman sold 30,000 shares of the company’s stock in a transaction 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 directly owns 494,210 shares of the company’s stock, valued at approximately $4,492,368.90. This represents a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mehri Shadman sold 9,639 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $8.81, for a total transaction of $84,919.59. Following the completion of the sale, the insider now owns 172,899 shares of the company’s stock, valued at $1,523,240.19. This trade represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,879 shares of company stock worth $508,642. 15.60% of the stock is currently owned by company insiders.

Under Armour Company 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.