Principal Financial Group Inc. Has $2.55 Million Stock Holdings in Under Armour, Inc. (NYSE:UA)

Principal Financial Group Inc. cut its position in shares of Under Armour, Inc. (NYSE:UA) by 52.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 304,611 shares of the company’s stock after selling 331,606 shares during the quarter. Principal Financial Group Inc.’s holdings in Under Armour were worth $2,547,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Peoples Bank KS bought a new stake in Under Armour during the 3rd quarter valued at $59,000. Algert Global LLC purchased a new stake in shares of Under Armour during the 2nd quarter valued at $98,000. ProShare Advisors LLC purchased a new position in Under Armour in the second quarter valued at about $118,000. Gateway Wealth Partners LLC bought a new position in Under Armour during the second quarter valued at $124,000. Finally, SFG Wealth Management LLC. increased its position in Under Armour by 20.8% in the third quarter. SFG Wealth Management LLC. now owns 23,200 shares of the company’s stock worth $194,000 after buying an additional 4,000 shares during the last quarter. 36.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Under Armour

In related news, CFO David Bergman sold 30,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the transaction, the chief financial officer now owns 494,210 shares of the company’s stock, valued at $4,492,368.90. This represents a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mehri Shadman sold 17,240 shares of Under Armour stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $8.76, for a total value of $151,022.40. Following the sale, the insider now directly owns 182,538 shares of the company’s stock, valued at approximately $1,599,032.88. This trade represents a 8.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,879 shares of company stock valued at $508,642 in the last three months. Company insiders own 15.60% of the company’s stock.

Under Armour Price Performance

NYSE UA opened at $7.50 on Friday. The firm’s 50-day simple moving average is $8.33 and its two-hundred day simple moving average is $7.68. Under Armour, Inc. has a 52 week low of $6.02 and a 52 week high of $10.62. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. The company has a market cap of $3.24 billion, a PE ratio of -187.50 and a beta of 1.67.

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.