V Prem Et Al Watsa Acquires 7,739,154 Shares of Under Armour (NYSE:UA) Stock

Under Armour, Inc. (NYSE:UA) major shareholder V Prem Et Al Watsa purchased 7,739,154 shares of the business’s stock in a transaction on Monday, December 22nd. The shares were acquired at an average price of $4.48 per share, with a total value of $34,671,409.92. Following the completion of the transaction, the insider owned 24,691,049 shares of the company’s stock, valued at approximately $110,615,899.52. This trade represents a 45.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more 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 Monday, December 29th, V Prem Et Al Watsa acquired 2,497,826 shares of Under Armour stock. The stock was bought at an average price of $4.66 per share, with a total value of $11,639,869.16.
• On Friday, December 26th, V Prem Et Al Watsa bought 1,385,850 shares of Under Armour stock. The stock was purchased 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 stock was 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 purchased 2,745,253 shares of Under Armour stock. The shares were purchased at an average cost of $4.51 per share, with a total value of $12,381,091.03.

Under Armour Trading Up 2.6%

Shares of UA traded up $0.12 during mid-day trading on Monday, hitting $4.55. 4,948,351 shares of the company’s stock traded hands, compared to its average volume of 4,696,758. The firm has a market capitalization of $1.95 billion, a P/E ratio of -21.64 and a beta of 1.74. The business’s 50-day moving average price is $4.35 and its 200-day moving average price is $5.13. Under Armour, Inc. has a 1 year low of $3.95 and a 1 year high of $7.85. The company has a quick ratio of 1.10, a current ratio of 1.69 and a debt-to-equity ratio of 0.32.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Under Armour

Several large investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Under Armour in the second quarter valued at approximately $18,920,000. BDT Capital Partners LLC raised its position in Under Armour by 4.9% during the 2nd quarter. BDT Capital Partners LLC now owns 62,463,879 shares of the company’s stock valued at $405,391,000 after purchasing an additional 2,898,561 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Under Armour by 153.7% in the 3rd quarter. Millennium Management LLC now owns 2,346,929 shares of the company’s stock worth $11,336,000 after buying an additional 1,421,981 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Under Armour by 99.8% in the 2nd quarter. Corient Private Wealth LLC now owns 2,005,844 shares of the company’s stock worth $13,018,000 after buying an additional 1,002,037 shares during the period. Finally, Trexquant Investment LP bought a new position in shares of Under Armour during the 1st quarter worth $5,122,000. Institutional investors own 36.35% of the company’s stock.

Under Armour Company Profile

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.