Arizona State Retirement System Sells 3,582 Shares of Under Armour, Inc. (NYSE:UA)

Arizona State Retirement System cut its holdings in shares of Under Armour, Inc. (NYSE:UA) by 8.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,400 shares of the company’s stock after selling 3,582 shares during the quarter. Arizona State Retirement System’s holdings in Under Armour were worth $294,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fielder Capital Group LLC grew its stake in shares of Under Armour by 17.9% in the fourth quarter. Fielder Capital Group LLC now owns 12,489 shares of the company’s stock valued at $93,000 after buying an additional 1,898 shares in the last quarter. Amalgamated Bank lifted its stake in Under Armour by 3.5% in the fourth quarter. Amalgamated Bank now owns 62,753 shares of the company’s stock valued at $468,000 after acquiring an additional 2,106 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Under Armour by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 938,078 shares of the company’s stock valued at $6,998,000 after acquiring an additional 3,207 shares during the period. Sugar Maple Asset Management LLC acquired a new position in shares of Under Armour during the 4th quarter worth about $45,000. Finally, Barclays PLC raised its holdings in shares of Under Armour by 2.4% in the 3rd quarter. Barclays PLC now owns 304,273 shares of the company’s stock valued at $2,544,000 after purchasing an additional 7,108 shares during the period. 36.35% of the stock is owned by institutional investors.

Under Armour Trading Down 2.7 %

Under Armour stock opened at $6.24 on Friday. The stock has a 50-day simple moving average of $6.96 and a 200 day simple moving average of $7.70. The stock has a market capitalization of $2.68 billion, a P/E ratio of -21.50 and a beta of 1.60. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. Under Armour, Inc. has a 52 week low of $6.02 and a 52 week high of $10.62.

Under Armour (NYSE:UA) last issued its earnings results on Thursday, February 13th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same quarter in the prior year, the company posted $0.25 earnings per share.

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.