Principal Financial Group Inc. Reduces Position in Under Armour, Inc. (NYSE:UA)

Principal Financial Group Inc. decreased its position in Under Armour, Inc. (NYSE:UA - Free Report) by 52.1% during the third 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 period. Principal Financial Group Inc. owned approximately 0.07% of Under Armour worth $2,547,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of UA. Peoples Bank KS purchased a new stake in shares of Under Armour during the 3rd quarter valued at about $59,000. Janney Montgomery Scott LLC purchased a new position in Under Armour in the first quarter worth about $78,000. CWM LLC grew its stake in shares of Under Armour by 31.1% during the 2nd quarter. CWM LLC now owns 12,628 shares of the company's stock valued at $82,000 after purchasing an additional 2,995 shares during the period. Algert Global LLC purchased a new stake in shares of Under Armour during the 2nd quarter valued at about $98,000. Finally, Ridgewood Investments LLC bought a new position in shares of Under Armour in the 2nd quarter worth approximately $112,000. 36.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Under Armour

In other news, insider Mehri Shadman sold 9,639 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $8.81, for a total value of $84,919.59. Following the completion of the sale, the insider now owns 172,899 shares in the company, valued at approximately $1,523,240.19. The trade was a 5.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 15.60% of the company's stock.

Under Armour Stock Performance

Shares of Under Armour stock traded up $0.29 on Friday, hitting $8.72. 3,537,639 shares of the company's stock were exchanged, compared to its average volume of 3,837,805. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18. The stock has a market capitalization of $3.77 billion, a PE ratio of -218.00 and a beta of 1.64. Under Armour, Inc. has a 1 year low of $6.02 and a 1 year high of $10.62. The company has a 50-day simple moving average of $8.21 and a 200-day simple moving average of $7.36.

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.