Under Armour (NYSE:UA) Major Shareholder Acquires $11,639,869.16 in Stock

Under Armour, Inc. (NYSE:UA) major shareholder V Prem Et Al Watsa purchased 2,497,826 shares of Under Armour stock in a transaction dated Monday, December 29th. The stock was bought at an average cost of $4.66 per share, with a total value of $11,639,869.16. Following the completion of the purchase, the insider owned 30,454,445 shares in the company, valued at approximately $141,917,713.70. This trade represents a 8.93% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

V Prem Et Al Watsa also recently made the following trade(s):

• On Friday, December 26th, V Prem Et Al Watsa acquired 1,385,850 shares of Under Armour stock. The shares were bought at an average price of $4.58 per share, for a total transaction of $6,347,193.00.
• On Wednesday, December 24th, V Prem Et Al Watsa bought 1,313,881 shares of Under Armour stock. The shares were purchased at an average cost of $4.55 per share, for a total transaction of $5,978,158.55.
• On Tuesday, December 23rd, V Prem Et Al Watsa bought 2,745,253 shares of Under Armour stock. The stock was purchased at an average price of $4.51 per share, with a total value of $12,381,091.03.
• On Monday, December 22nd, V Prem Et Al Watsa purchased 7,739,154 shares of Under Armour stock. The shares were purchased at an average cost of $4.48 per share, with a total value of $34,671,409.92.

Under Armour Price Performance

Shares of UA stock traded up $0.12 during mid-day trading on Monday, hitting $4.55. 4,948,351 shares of the stock traded hands, compared to its average volume of 4,696,758. Under Armour, Inc. has a twelve month low of $3.95 and a twelve month high of $7.85. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.10 and a current ratio of 1.69. The company’s 50-day simple moving average is $4.35 and its 200-day simple moving average is $5.13. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of -21.64 and a beta of 1.74.

Under Armour (NYSE:UA) last announced its earnings results on Thursday, November 6th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Under Armour had a positive return on equity of 1.27% and a negative net margin of 1.74%.Under Armour has set its FY 2026 guidance at 0.030-0.050 EPS.

Institutional Investors Weigh In On Under Armour

Institutional investors and hedge funds have recently modified their holdings of the stock. Deutsche Bank AG boosted its position in shares of Under Armour by 74.9% in the 1st quarter. Deutsche Bank AG now owns 36,026 shares of the company’s stock valued at $214,000 after purchasing an additional 15,433 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Under Armour by 7.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 48,211 shares of the company’s stock valued at $287,000 after buying an additional 3,199 shares in the last quarter. Trexquant Investment LP purchased a new stake in Under Armour during the first quarter valued at about $5,122,000. Federation des caisses Desjardins du Quebec boosted its holdings in shares of Under Armour by 8.3% in the first quarter. Federation des caisses Desjardins du Quebec now owns 236,522 shares of the company’s stock worth $1,407,000 after buying an additional 18,109 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Under Armour by 247.3% in the first quarter. AQR Capital Management LLC now owns 98,632 shares of the company’s stock worth $587,000 after acquiring an additional 70,231 shares in the last quarter. 36.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Under Armour in a report on Monday, December 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Under Armour presently has a consensus rating of “Sell”.

About Under Armour

Under Armour, Inc is a global designer, marketer and distributor of branded performance apparel, footwear and accessories. The company’s product portfolio spans a wide range of athletic categories, including running, training, basketball, outdoor and golf, with specialized lines for men, women and youth. Under Armour emphasizes innovative fabrics and technologies designed to enhance athletic performance, such as moisture-wicking HeatGear®, cold-weather ColdGear® and UV-protective UA Tech™ materials.

The company was founded in 1996 by former University of Maryland football captain Kevin Plank, who sought to create a superior moisture-wicking T-shirt to keep athletes cool and dry.