Under Armour (NYSE:UA) Major Shareholder V Prem Et Al Watsa Purchases 2,745,253 Shares

Under Armour, Inc. (NYSE:UA) major shareholder V Prem Et Al Watsa bought 2,745,253 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The shares were purchased at an average cost of $4.51 per share, with a total value of $12,381,091.03. Following the completion of the acquisition, the insider owned 26,815,501 shares in the company, valued at approximately $120,937,909.51. This represents a 11.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares 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 purchased 2,497,826 shares of Under Armour stock. The shares were purchased at an average cost of $4.66 per share, for a total transaction of $11,639,869.16.
• On Friday, December 26th, V Prem Et Al Watsa purchased 1,385,850 shares of Under Armour stock. The shares were 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 acquired 1,313,881 shares of Under Armour stock. The stock was purchased at an average cost of $4.55 per share, with a total value of $5,978,158.55.
• On Monday, December 22nd, V Prem Et Al Watsa bought 7,739,154 shares of Under Armour stock. The shares were purchased at an average cost of $4.48 per share, for a total transaction of $34,671,409.92.

Under Armour Price Performance

Shares of NYSE:UA traded up $0.12 during trading on Monday, reaching $4.55. 4,948,351 shares of the company’s stock traded hands, compared to its average volume of 4,696,758. 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, Inc. has a fifty-two week low of $3.95 and a fifty-two week high of $7.85. The company has a 50-day simple moving average of $4.35 and a 200-day simple moving average of $5.13. The firm has a market cap of $1.95 billion, a PE ratio of -21.64 and a beta of 1.74.

Under Armour (NYSE:UA) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Under Armour has set its FY 2026 guidance at 0.030-0.050 EPS.

Institutional Investors Weigh In On Under Armour

Large investors have recently bought and sold shares of the company. Laurel Wealth Advisors LLC grew its holdings in Under Armour by 549.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,920 shares of the company’s stock valued at $25,000 after buying an additional 3,316 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Under Armour by 361.9% during the 2nd quarter. UMB Bank n.a. now owns 4,102 shares of the company’s stock valued at $27,000 after acquiring an additional 3,214 shares during the last quarter. AlphaCore Capital LLC purchased a new stake in shares of Under Armour in the third quarter valued at about $41,000. First Business Financial Services Inc. acquired a new stake in Under Armour during the third quarter worth about $48,000. Finally, Cerity Partners LLC acquired a new stake in Under Armour during the second quarter worth about $65,000. 36.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Under Armour in a research note on Monday, December 15th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average 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.