State of Alaska Department of Revenue Sells 6,350 Shares of Under Armour, Inc. (NYSE:UA)

State of Alaska Department of Revenue lessened its position in Under Armour, Inc. (NYSE:UA) by 29.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,044 shares of the company’s stock after selling 6,350 shares during the period. State of Alaska Department of Revenue’s holdings in Under Armour were worth $125,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Handelsbanken Fonder AB raised its holdings in shares of Under Armour by 51.9% during the third quarter. Handelsbanken Fonder AB now owns 60,300 shares of the company’s stock valued at $504,000 after purchasing an additional 20,600 shares during the last quarter. Peoples Bank KS purchased a new stake in shares of Under Armour in the third quarter worth $59,000. Gateway Wealth Partners LLC purchased a new stake in shares of Under Armour in the second quarter worth $124,000. Algert Global LLC bought a new position in shares of Under Armour during the second quarter worth $98,000. Finally, AQR Capital Management LLC boosted its position in shares of Under Armour by 87.6% during the second quarter. AQR Capital Management LLC now owns 24,468 shares of the company’s stock worth $160,000 after acquiring an additional 11,426 shares during the last quarter. Institutional investors own 36.35% of the company’s stock.

Under Armour Price Performance

Shares of NYSE:UA opened at $8.76 on Friday. Under Armour, Inc. has a fifty-two week low of $6.02 and a fifty-two week high of $10.62. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.73. The firm has a fifty day moving average price of $7.93 and a 200 day moving average price of $7.21. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of -219.00 and a beta of 1.64.

Under Armour (NYSE:UA) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.30 EPS for the quarter. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. The business had revenue of $1.40 billion during the quarter. As a group, sell-side analysts expect that Under Armour, Inc. will post 0.2 earnings per share for the current fiscal year.

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.