Retirement Systems of Alabama Sells 78,222 Shares of Under Armour, Inc. (NYSE:UA)

Retirement Systems of Alabama lowered its holdings in Under Armour, Inc. (NYSE:UA - Free Report) by 33.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 157,302 shares of the company's stock after selling 78,222 shares during the quarter. Retirement Systems of Alabama's holdings in Under Armour were worth $1,315,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Peoples Bank KS bought a new position in Under Armour in the 3rd quarter worth approximately $59,000. Algert Global LLC bought a new stake in shares of Under Armour during the second quarter worth $98,000. Ridgewood Investments LLC acquired a new position in shares of Under Armour during the second quarter valued at $112,000. ProShare Advisors LLC bought a new position in Under Armour in the second quarter valued at about $118,000. Finally, Gateway Wealth Partners LLC acquired a new stake in Under Armour in the second quarter worth about $124,000. Institutional investors own 36.35% of the company's stock.

Insider Buying and Selling at Under Armour

In other Under Armour news, 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 value of $84,919.59. Following the sale, the insider now directly owns 172,899 shares in the company, valued at approximately $1,523,240.19. This trade represents a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO David Bergman sold 30,000 shares of the business'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 transaction, the chief financial officer now directly owns 494,210 shares of the company's stock, valued at $4,492,368.90. This trade represents a 5.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, 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 2.9 %

Under Armour stock traded up $0.22 during trading hours on Friday, reaching $7.78. 4,525,771 shares of the company's stock traded hands, compared to its average volume of 3,300,154. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of -194.50 and a beta of 1.66. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18. Under Armour, Inc. has a fifty-two week low of $6.02 and a fifty-two week high of $10.62. The firm's 50 day moving average is $8.50 and its 200-day moving average is $7.62.

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.