Bastion Asset Management Inc. Purchases New Stake in Under Armour, Inc. $UA

Bastion Asset Management Inc. purchased a new position in Under Armour, Inc. (NYSE:UA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 403,105 shares of the company’s stock, valued at approximately $1,945,000. Bastion Asset Management Inc. owned about 0.09% of Under Armour as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of UA. American Century Companies Inc. increased its position in Under Armour by 12.0% during the 2nd quarter. American Century Companies Inc. now owns 3,508,113 shares of the company’s stock valued at $22,768,000 after purchasing an additional 375,548 shares during the period. BDT Capital Partners LLC raised its stake in Under Armour by 4.9% in the second quarter. BDT Capital Partners LLC now owns 62,463,879 shares of the company’s stock worth $405,391,000 after buying an additional 2,898,561 shares in the last quarter. Norges Bank bought a new stake in Under Armour during the 2nd quarter valued at approximately $18,920,000. SG Americas Securities LLC purchased a new position in shares of Under Armour during the 3rd quarter worth approximately $1,532,000. Finally, Quinn Opportunity Partners LLC purchased a new position in shares of Under Armour during the 2nd quarter worth approximately $389,000. 36.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Under Armour Trading Up 2.0%

Under Armour stock opened at $6.97 on Monday. Under Armour, Inc. has a 12 month low of $3.95 and a 12 month high of $7.70. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of -5.71 and a beta of 1.74. The business’s fifty day simple moving average is $5.41 and its two-hundred day simple moving average is $5.00. The company has a current ratio of 1.43, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27.

Under Armour (NYSE:UA) last posted its quarterly earnings results on Friday, February 6th. The company reported $0.09 earnings per share (EPS) 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 firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.16 billion. Under Armour has set its FY 2026 guidance at 0.10-0.110 EPS.

Insider Activity at Under Armour

In other news, major shareholder V Prem Et Al Watsa acquired 1,112,119 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The stock was bought at an average cost of $6.21 per share, for a total transaction of $6,906,258.99. Following the acquisition, the insider directly owned 43,000,872 shares in the company, valued at approximately $267,035,415.12. The trade was a 2.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have purchased a total of 42,448,155 shares of company stock worth $219,067,338 in the last 90 days. 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.