Principal Financial Group Inc. Trims Stake in Under Armour, Inc. (NYSE:UA)

Principal Financial Group Inc. lessened its holdings in shares of Under Armour, Inc. (NYSE:UA - Free Report) by 52.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 304,611 shares of the company's stock after selling 331,606 shares during the quarter. Principal Financial Group Inc. owned about 0.07% of Under Armour worth $2,547,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. SFG Wealth Management LLC. raised its position in Under Armour by 20.8% during the third quarter. SFG Wealth Management LLC. now owns 23,200 shares of the company's stock valued at $194,000 after purchasing an additional 4,000 shares in the last quarter. Renaissance Technologies LLC lifted its position in Under Armour by 1.5% in the 2nd quarter. Renaissance Technologies LLC now owns 410,300 shares of the company's stock worth $2,679,000 after buying an additional 5,890 shares during the last quarter. Peoples Bank KS purchased a new stake in Under Armour in the third quarter worth approximately $59,000. Barclays PLC grew its position in Under Armour by 2.4% during the third quarter. Barclays PLC now owns 304,273 shares of the company's stock valued at $2,544,000 after acquiring an additional 7,108 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Under Armour by 19.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,301 shares of the company's stock worth $328,000 after acquiring an additional 8,286 shares in the last quarter. Hedge funds and other institutional investors own 36.35% of the company's stock.

Insider Activity

In related 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 completion of the sale, the chief financial officer now directly owns 494,210 shares in the company, valued at $4,492,368.90. This represents a 5.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mehri Shadman sold 9,639 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $8.81, for a total transaction of $84,919.59. Following the sale, the insider now directly owns 172,899 shares of the company's stock, valued at $1,523,240.19. The trade was a 5.28 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,879 shares of company stock valued at $508,642. 15.60% of the stock is currently owned by insiders.

Under Armour Trading Up 3.0 %

Shares of Under Armour stock traded up $0.22 during trading on Friday, reaching $7.50. The company's stock had a trading volume of 2,346,747 shares, compared to its average volume of 2,259,773. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. Under Armour, Inc. has a 52-week low of $6.02 and a 52-week high of $10.62. The firm's 50-day moving average is $8.33 and its two-hundred day moving average is $7.69. The company has a market cap of $3.24 billion, a price-to-earnings ratio of -187.50 and a beta of 1.68.

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.