Under Armour (NYSE:UA) Major Shareholder V Prem Et Al Watsa Buys 1,837,686 Shares of Stock

Under Armour, Inc. (NYSE:UA) major shareholder V Prem Et Al Watsa acquired 1,837,686 shares of the stock in a transaction on Friday, January 16th. The shares were bought at an average price of $5.60 per share, for a total transaction of $10,291,041.60. Following the purchase, the insider owned 11,295,041 shares in the company, valued at approximately $63,252,229.60. This trade represents a 19.43% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

V Prem Et Al Watsa also recently made the following trade(s):

• On Wednesday, January 21st, V Prem Et Al Watsa bought 5,000,000 shares of Under Armour stock. The shares were bought at an average price of $5.89 per share, with a total value of $29,450,000.00.
• On Tuesday, January 20th, V Prem Et Al Watsa purchased 1,769,581 shares of Under Armour stock. The stock was bought at an average price of $5.62 per share, for a total transaction of $9,945,045.22.
• On Tuesday, December 30th, V Prem Et Al Watsa purchased 13,182,469 shares of Under Armour stock. The stock was bought at an average cost of $5.12 per share, with a total value of $67,494,241.28.
• On Monday, December 29th, V Prem Et Al Watsa acquired 2,497,826 shares of Under Armour stock. The shares were purchased at an average cost 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 cost 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 price of $4.55 per share, with a total value 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.
• On Monday, December 22nd, V Prem Et Al Watsa acquired 7,739,154 shares of Under Armour stock. The stock was purchased at an average cost of $4.48 per share, for a total transaction of $34,671,409.92.

Under Armour Stock Up 8.1%

Shares of UA opened at $6.09 on Thursday. The firm has a 50 day simple moving average of $4.67 and a two-hundred day simple moving average of $5.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.69 and a quick ratio of 1.10. Under Armour, Inc. has a one year low of $3.95 and a one year high of $7.85. The company has a market cap of $2.61 billion, a P/E ratio of -28.99 and a beta of 1.73.

Under Armour (NYSE:UA) last issued its earnings results on Thursday, November 6th. The company reported $0.04 earnings per share for the quarter, beating 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 firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Under Armour has set its FY 2026 guidance at 0.030-0.050 EPS.

Hedge Funds Weigh In On Under Armour

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in Under Armour by 22.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 37,813 shares of the company’s stock valued at $182,000 after purchasing an additional 7,016 shares during the last quarter. Wedmont Private Capital bought a new stake in shares of Under Armour in the 4th quarter valued at $170,000. Keel Point LLC acquired a new stake in Under Armour during the 3rd quarter worth about $52,000. GM Advisory Group LLC grew its stake in Under Armour by 326.2% during the third quarter. GM Advisory Group LLC now owns 130,660 shares of the company’s stock worth $631,000 after purchasing an additional 100,000 shares during the period. Finally, Kestra Private Wealth Services LLC grew its position in shares of Under Armour by 192.6% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 75,584 shares of the company’s stock worth $365,000 after buying an additional 49,750 shares during the period. Institutional investors and hedge funds own 36.35% of the company’s stock.

Analysts Set New Price Targets

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

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.