Intech Investment Management LLC Buys Shares of 153,249 Under Armour, Inc. $UA

Intech Investment Management LLC acquired a new position in Under Armour, Inc. (NYSE:UA) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 153,249 shares of the company’s stock, valued at approximately $740,000.

A number of other hedge funds also recently bought and sold shares of the company. Laurel Wealth Advisors LLC grew its holdings in Under Armour by 549.0% during the second quarter. Laurel Wealth Advisors LLC now owns 3,920 shares of the company’s stock valued at $25,000 after purchasing an additional 3,316 shares during the period. First Business Financial Services Inc. bought a new position in shares of Under Armour in the third quarter worth about $48,000. ABC Arbitrage SA bought a new position in shares of Under Armour in the third quarter worth about $56,000. Cerity Partners LLC purchased a new position in shares of Under Armour during the 2nd quarter valued at about $65,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Under Armour during the 3rd quarter valued at about $67,000. Hedge funds and other institutional investors own 36.35% of the company’s stock.

Insider Buying and Selling at Under Armour

In related news, major shareholder V Prem Et Al Watsa bought 1,112,119 shares of the stock in a transaction on Wednesday, January 28th. The stock was bought at an average price of $6.21 per share, for a total transaction of $6,906,258.99. Following the completion of the acquisition, the insider directly owned 43,000,872 shares in the company, valued at approximately $267,035,415.12. This represents a 2.65% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have purchased 42,448,155 shares of company stock valued at $219,067,338. 15.60% of the stock is currently owned by corporate insiders.

Under Armour Stock Down 2.1%

Shares of NYSE:UA opened at $6.28 on Tuesday. The firm has a market capitalization of $2.67 billion, a PE ratio of -5.15 and a beta of 1.67. The business has a 50 day simple moving average of $6.33 and a two-hundred day simple moving average of $5.19. Under Armour, Inc. has a 1 year low of $3.95 and a 1 year high of $7.91. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 0.92.

Under Armour (NYSE:UA) last released its earnings results on Friday, February 6th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.11. Under Armour had a positive return on equity of 1.48% and a negative net margin of 10.44%.The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.16 billion. Under Armour has set its FY 2026 guidance at 0.10-0.110 EPS.

Analysts Set New Price Targets

A number of equities analysts have weighed in on UA shares. Citigroup lowered shares of Under Armour from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 10th. Weiss Ratings restated a “sell (e+)” rating on shares of Under Armour in a research report on Monday, December 29th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Under Armour presently 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.