9,457,355 Shares in Under Armour, Inc. $UA Purchased by Fairfax Financial Holdings Ltd. Can

Fairfax Financial Holdings Ltd. Can purchased a new position in Under Armour, Inc. (NYSE:UA) during the fourth quarter, Holdings Channel reports. The fund purchased 9,457,355 shares of the company’s stock, valued at approximately $45,395,000. Under Armour makes up about 2.2% of Fairfax Financial Holdings Ltd. Can’s holdings, making the stock its 11th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UA. AlphaCore Capital LLC purchased a new position in shares of Under Armour in the 3rd quarter worth about $41,000. Keel Point LLC purchased a new position in shares of Under Armour in the 3rd quarter worth about $52,000. Quarry LP purchased a new position in shares of Under Armour in the 3rd quarter worth about $53,000. CWM LLC boosted its holdings in shares of Under Armour by 94.7% in the 4th quarter. CWM LLC now owns 11,685 shares of the company’s stock worth $56,000 after buying an additional 5,682 shares during the last quarter. Finally, Optas LLC purchased a new position in shares of Under Armour in the 4th quarter worth about $58,000. 36.35% of the stock is owned by hedge funds and other institutional investors.

Under Armour Trading Down 2.8%

Shares of UA opened at $5.69 on Wednesday. The business’s 50-day moving average price is $5.73 and its 200-day moving average price is $5.74. Under Armour, Inc. has a twelve month low of $3.95 and a twelve month high of $7.91. The stock has a market cap of $2.42 billion, a PE ratio of -4.90 and a beta of 1.61. The company has a quick ratio of 1.08, a current ratio of 1.62 and a debt-to-equity ratio of 0.42.

Under Armour (NYSE:UA) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Under Armour had a negative net margin of 9.98% and a positive return on equity of 3.01%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. Under Armour has set its FY 2027 guidance at 0.080-0.120 EPS and its Q1 2027 guidance at 0.000-0.020 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Robert W. Baird set a $5.50 price target on shares of Under Armour in a report on Wednesday, May 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Under Armour in a report on Friday, May 8th. Finally, Zacks Research raised shares of Under Armour to a “hold” rating in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Sell” and an average price target of $5.50.

Insider Buying and Selling at Under Armour

In related news, major shareholder V Prem Et Al Watsa acquired 739,521 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average cost of $4.97 per share, for a total transaction of $3,675,419.37. Following the completion of the transaction, the insider owned 44,179,116 shares in the company, valued at approximately $219,570,206.52. This trade represents a 1.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought 1,178,344 shares of company stock worth $5,865,147 in the last quarter. Corporate insiders own 15.60% of the company’s stock.

Under Armour 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.