Fairfax Financial Holdings Ltd. Can Takes $45.40 Million Position in Under Armour, Inc. $UA

Fairfax Financial Holdings Ltd. Can acquired a new stake in Under Armour, Inc. (NYSE:UA) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 9,457,355 shares of the company’s stock, valued at approximately $45,395,000. Under Armour makes up 2.2% of Fairfax Financial Holdings Ltd. Can’s portfolio, making the stock its 11th biggest holding. Fairfax Financial Holdings Ltd. Can owned 2.22% of Under Armour at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. BDT Capital Partners LLC increased its stake in shares of Under Armour by 4.1% in the 3rd quarter. BDT Capital Partners LLC now owns 65,050,733 shares of the company’s stock valued at $314,195,000 after acquiring an additional 2,586,854 shares in the last quarter. Quinn Opportunity Partners LLC increased its stake in shares of Under Armour by 1,100.0% in the 3rd quarter. Quinn Opportunity Partners LLC now owns 720,000 shares of the company’s stock valued at $3,478,000 after acquiring an additional 660,000 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Under Armour by 5.6% in the 4th quarter. Vanguard Group Inc. now owns 15,729,586 shares of the company’s stock valued at $75,502,000 after acquiring an additional 831,186 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Under Armour in the 3rd quarter valued at $740,000. Finally, Bastion Asset Management Inc. increased its stake in shares of Under Armour by 86.9% in the 4th quarter. Bastion Asset Management Inc. now owns 753,518 shares of the company’s stock valued at $3,637,000 after acquiring an additional 350,413 shares in the last quarter. Institutional investors own 36.35% of the company’s stock.

Under Armour Stock Performance

NYSE UA opened at $5.69 on Wednesday. The company has a fifty day simple moving average of $5.73 and a 200 day simple moving average of $5.74. Under Armour, Inc. has a 12-month low of $3.95 and a 12-month high of $7.91. The company has a current ratio of 1.62, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The company has a market cap of $2.42 billion, a P/E ratio of -4.90 and a beta of 1.61.

Under Armour (NYSE:UA) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Under Armour had a positive return on equity of 3.01% and a negative net margin of 9.98%.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.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Under Armour in a research report on Friday, May 8th. Robert W. Baird set a $5.50 price target on shares of Under Armour in a research report on Wednesday, May 13th. Finally, Zacks Research raised shares of Under Armour to a “hold” rating in a research report on Wednesday, March 11th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Sell” and a consensus target price of $5.50.

Insider Transactions at Under Armour

In other news, major shareholder V Prem Et Al Watsa acquired 739,521 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average cost of $4.97 per share, with a total value of $3,675,419.37. Following the acquisition, the insider directly owned 44,179,116 shares of the company’s stock, valued at $219,570,206.52. The trade was a 1.70% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have acquired 1,178,344 shares of company stock worth $5,865,147. 15.60% of the stock is owned by insiders.

About Under Armour

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.