Under Armour, Inc. (NYSE:UA) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its position in shares of Under Armour, Inc. (NYSE:UA) by 33.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 157,302 shares of the company’s stock after selling 78,222 shares during the period. Retirement Systems of Alabama’s holdings in Under Armour were worth $1,315,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of Under Armour by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,089,780 shares of the company’s stock valued at $72,415,000 after buying an additional 795,803 shares during the period. Victory Capital Management Inc. increased its stake in Under Armour by 14.2% during the second quarter. Victory Capital Management Inc. now owns 6,059,071 shares of the company’s stock worth $39,566,000 after acquiring an additional 752,018 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Under Armour in the second quarter valued at $4,579,000. Weiss Asset Management LP purchased a new stake in Under Armour in the third quarter valued at $3,628,000. Finally, Verition Fund Management LLC acquired a new position in shares of Under Armour in the 3rd quarter valued at $2,594,000. 36.35% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Under Armour news, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value 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. The trade was a 5.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mehri Shadman sold 17,240 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $8.76, for a total transaction of $151,022.40. Following the sale, the insider now owns 182,538 shares in the company, valued at $1,599,032.88. This trade represents a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,879 shares of company stock valued at $508,642 over the last 90 days. 15.60% of the stock is owned by company insiders.

Under Armour Stock Up 2.9 %

Shares of NYSE:UA opened at $7.78 on Friday. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of -194.50 and a beta of 1.66. Under Armour, Inc. has a 12-month low of $6.02 and a 12-month high of $10.62. The business has a 50-day moving average price of $8.50 and a 200 day moving average price of $7.62. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30.

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.