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

Principal Financial Group Inc. trimmed its position in shares of Under Armour, Inc. (NYSE:UA) by 52.1% in the 3rd quarter, according to the company in its most recent filing 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 quarter. Principal Financial Group Inc. owned approximately 0.07% of Under Armour worth $2,547,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new position in Under Armour in the first quarter valued at $78,000. PEAK6 Investments LLC increased its stake in shares of Under Armour by 36.1% in the 1st quarter. PEAK6 Investments LLC now owns 55,283 shares of the company’s stock valued at $395,000 after purchasing an additional 14,673 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Under Armour by 6.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 106,089 shares of the company’s stock valued at $758,000 after purchasing an additional 6,519 shares in the last quarter. Tidal Investments LLC acquired a new position in Under Armour in the 1st quarter worth about $476,000. Finally, Comerica Bank boosted its position in Under Armour by 39.9% during the first quarter. Comerica Bank now owns 110,537 shares of the company’s stock worth $789,000 after purchasing an additional 31,504 shares in the last quarter. 36.35% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Stock Up 3.3 %

Shares of UA opened at $8.71 on Friday. The firm has a market cap of $3.77 billion, a P/E ratio of -216.75 and a beta of 1.64. Under Armour, Inc. has a 12 month low of $6.02 and a 12 month high of $10.62. The stock’s 50 day moving average is $8.18 and its two-hundred day moving average is $7.34. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30.

Insider Activity

In other news, insider Mehri Shadman sold 17,240 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were 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 owns 182,538 shares of the company’s stock, valued at $1,599,032.88. The trade was a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 15.60% of the company’s stock.

Under Armour 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.