Under Armour (NYSE:UA) Major Shareholder V Prem Et Al Watsa Buys 1,313,881 Shares

Under Armour, Inc. (NYSE:UA) major shareholder V Prem Et Al Watsa acquired 1,313,881 shares of the company’s stock in a transaction dated Wednesday, December 24th. The stock was acquired at an average cost of $4.55 per share, for a total transaction of $5,978,158.55. Following the completion of the acquisition, the insider directly owned 27,691,049 shares in the company, valued at approximately $125,994,272.95. The trade was a 4.98% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 Monday, December 29th, V Prem Et Al Watsa bought 2,497,826 shares of Under Armour stock. The shares were acquired 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 purchased 1,385,850 shares of Under Armour stock. The stock was acquired at an average cost of $4.58 per share, for a total transaction of $6,347,193.00.
• On Tuesday, December 23rd, V Prem Et Al Watsa purchased 2,745,253 shares of Under Armour stock. The shares were bought at an average cost of $4.51 per share, for a total transaction of $12,381,091.03.
• On Monday, December 22nd, V Prem Et Al Watsa acquired 7,739,154 shares of Under Armour stock. The shares were bought at an average price of $4.48 per share, with a total value of $34,671,409.92.

Under Armour Stock Performance

Shares of UA stock traded up $0.12 on Monday, hitting $4.55. The company had a trading volume of 4,948,351 shares, compared to its average volume of 4,696,758. The firm has a market cap of $1.95 billion, a P/E ratio of -21.64 and a beta of 1.74. Under Armour, Inc. has a twelve month low of $3.95 and a twelve month high of $7.85. The company has a 50-day moving average price of $4.35 and a 200-day moving average price of $5.13. 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 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. 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.

Wall Street Analyst Weigh In

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

Institutional Trading of Under Armour

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

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.