Sugar Maple Asset Management LLC Boosts Position in Under Armour, Inc. $UA

Sugar Maple Asset Management LLC boosted its stake in shares of Under Armour, Inc. (NYSE:UA) by 864.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 101,300 shares of the company’s stock after purchasing an additional 90,800 shares during the period. Sugar Maple Asset Management LLC’s holdings in Under Armour were worth $489,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in UA. AQR Capital Management LLC increased its position in shares of Under Armour by 247.3% during 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 during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Under Armour by 34.4% in the first quarter. Goldman Sachs Group Inc. now owns 388,256 shares of the company’s stock valued at $2,310,000 after purchasing an additional 99,402 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Under Armour by 152.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 38,566 shares of the company’s stock valued at $261,000 after purchasing an additional 23,295 shares during the period. UMB Bank n.a. grew its stake in Under Armour by 361.9% in the second quarter. UMB Bank n.a. now owns 4,102 shares of the company’s stock worth $27,000 after purchasing an additional 3,214 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Under Armour by 98.4% during the 2nd quarter. GAMMA Investing LLC now owns 10,997 shares of the company’s stock worth $71,000 after purchasing an additional 5,455 shares during the period. 36.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Under Armour in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Under Armour Price Performance

Shares of UA opened at $5.64 on Wednesday. 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 has a 50 day moving average price of $4.63 and a 200-day moving average price of $5.02. Under Armour, Inc. has a fifty-two week low of $3.95 and a fifty-two week high of $7.85. The stock has a market capitalization of $2.42 billion, a PE ratio of -26.88 and a beta of 1.73.

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

Insider Activity at Under Armour

In related news, major shareholder V Prem Et Al Watsa acquired 13,182,469 shares of the firm’s stock in a transaction that occurred on Tuesday, December 30th. The stock was purchased at an average cost of $5.12 per share, for a total transaction of $67,494,241.28. Following the purchase, the insider directly owned 41,958,923 shares of the company’s stock, valued at $214,829,685.76. This trade represents a 45.81% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last three months, insiders acquired 28,864,433 shares of company stock valued at $138,511,963. 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.