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

Principal Financial Group Inc. decreased its holdings in shares of Under Armour, Inc. (NYSE:UAFree Report) by 3.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 711,800 shares of the company’s stock after selling 25,687 shares during the period. Principal Financial Group Inc. owned approximately 0.16% of Under Armour worth $5,944,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of UA. Allspring Global Investments Holdings LLC purchased a new stake in shares of Under Armour during the third quarter worth about $99,000. Victory Capital Management Inc. boosted its position in Under Armour by 8.8% in the third quarter. Victory Capital Management Inc. now owns 4,704,169 shares of the company’s stock valued at $30,013,000 after buying an additional 381,543 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Under Armour in the third quarter valued at approximately $1,811,000. Retirement Systems of Alabama boosted its position in Under Armour by 2.2% in the third quarter. Retirement Systems of Alabama now owns 249,680 shares of the company’s stock valued at $1,593,000 after buying an additional 5,377 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in Under Armour by 7.8% in the third quarter. Arizona State Retirement System now owns 56,746 shares of the company’s stock valued at $362,000 after buying an additional 4,118 shares during the last quarter. Hedge funds and other institutional investors own 36.35% of the company’s stock.

Under Armour Price Performance

Shares of NYSE UA opened at $6.74 on Thursday. The business’s 50 day moving average price is $6.62 and its 200 day moving average price is $7.39. The firm has a market cap of $2.93 billion, a P/E ratio of 12.72 and a beta of 1.61. Under Armour, Inc. has a 52 week low of $5.86 and a 52 week high of $8.99. The company has a quick ratio of 1.63, a current ratio of 2.46 and a debt-to-equity ratio of 0.28.

Under Armour Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Under Armour (NYSE:UA)

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