Under Armour, Inc. (NYSE:UA) Shares Sold by Arizona State Retirement System

Arizona State Retirement System cut its holdings in shares of Under Armour, Inc. (NYSE:UA) by 12.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,689 shares of the company’s stock after selling 7,057 shares during the period. Arizona State Retirement System’s holdings in Under Armour were worth $415,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of UA. Vanguard Group Inc. grew its stake in Under Armour by 2.6% in the third quarter. Vanguard Group Inc. now owns 19,592,344 shares of the company’s stock worth $124,999,000 after purchasing an additional 499,162 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Under Armour in the third quarter worth about $880,000. Assenagon Asset Management S.A. acquired a new position in Under Armour in the third quarter worth about $1,811,000. ING Groep NV acquired a new position in Under Armour in the third quarter worth about $6,600,000. Finally, Seven Eight Capital LP grew its stake in Under Armour by 66.8% in the third quarter. Seven Eight Capital LP now owns 49,798 shares of the company’s stock worth $318,000 after purchasing an additional 19,939 shares in the last quarter. 36.35% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Stock Up 1.7 %

NYSE:UA opened at $6.47 on Friday. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 7.27 and a beta of 1.62. Under Armour, Inc. has a one year low of $5.86 and a one year high of $8.99. The stock has a 50-day simple moving average of $7.36 and a 200 day simple moving average of $7.38. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.38 and a current ratio of 2.13.

Under Armour (NYSE:UA) last issued its earnings results on Thursday, February 8th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.09. Under Armour had a return on equity of 13.85% and a net margin of 6.98%. The company had revenue of $1.49 billion during the quarter. During the same quarter in the previous year, the firm earned $0.16 earnings per share.

Under Armour Company 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.