Caxton Associates LLP Sells 744,415 Shares of Under Armour, Inc. $UAA

Caxton Associates LLP reduced its stake in shares of Under Armour, Inc. (NYSE:UAA) by 80.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 180,140 shares of the company’s stock after selling 744,415 shares during the period. Caxton Associates LLP’s holdings in Under Armour were worth $1,065,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of UAA. Blair William & Co. IL boosted its position in shares of Under Armour by 40.0% during the fourth quarter. Blair William & Co. IL now owns 5,164 shares of the company’s stock worth $26,000 after acquiring an additional 1,476 shares during the last quarter. Vident Advisory LLC grew its stake in Under Armour by 13.6% during the fourth quarter. Vident Advisory LLC now owns 12,651 shares of the company’s stock valued at $63,000 after acquiring an additional 1,512 shares in the last quarter. HUB Investment Partners LLC increased its holdings in Under Armour by 12.9% in the 2nd quarter. HUB Investment Partners LLC now owns 21,810 shares of the company’s stock valued at $149,000 after acquiring an additional 2,489 shares during the last quarter. M&T Bank Corp increased its holdings in Under Armour by 23.2% in the 2nd quarter. M&T Bank Corp now owns 13,296 shares of the company’s stock valued at $91,000 after acquiring an additional 2,504 shares during the last quarter. Finally, Nuveen LLC lifted its stake in Under Armour by 1.1% in the 4th quarter. Nuveen LLC now owns 241,677 shares of the company’s stock worth $1,201,000 after purchasing an additional 2,541 shares in the last quarter. Institutional investors own 34.58% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder V Prem Et Al Watsa acquired 739,521 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $4.97 per share, for a total transaction of $3,675,419.37. Following the completion of the transaction, the insider directly owned 44,179,116 shares in the company, valued at approximately $219,570,206.52. This trade represents a 1.70% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased 1,178,344 shares of company stock worth $5,865,147 over the last quarter. Insiders own 15.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on UAA shares. Truist Financial dropped their price objective on shares of Under Armour from $8.00 to $5.00 and set a “hold” rating for the company in a report on Wednesday, May 13th. Wall Street Zen upgraded Under Armour from a “sell” rating to a “hold” rating in a research report on Sunday, May 24th. Zacks Research lowered Under Armour from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Under Armour in a research note on Tuesday, July 21st. Finally, Telsey Advisory Group cut their price target on Under Armour from $6.00 to $5.50 and set a “market perform” rating for the company in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $5.91.

Under Armour Stock Performance

Shares of NYSE:UAA opened at $7.07 on Monday. Under Armour, Inc. has a 52 week low of $4.13 and a 52 week high of $8.15. The stock has a market capitalization of $3.02 billion, a P/E ratio of -6.10, a PEG ratio of 2.32 and a beta of 1.67. The firm has a fifty day simple moving average of $6.16 and a two-hundred day simple moving average of $6.29. The company has a quick ratio of 1.08, a current ratio of 1.62 and a debt-to-equity ratio of 0.42.

Under Armour (NYSE:UAA) last announced its earnings results on Tuesday, May 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). Under Armour had a negative net margin of 9.98% and a positive return on equity of 3.01%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the company earned ($0.08) EPS. The business’s revenue was down .8% compared to the same quarter last year. 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. On average, analysts expect that Under Armour, Inc. will post 0.11 earnings per share for the current fiscal year.

Under Armour Company Profile

Under Armour, Inc (NYSE: UAA) is a global designer, marketer and distributor of performance athletic apparel, footwear and accessories. The company’s product portfolio spans a range of categories including training and running shoes, performance apparel engineered to manage moisture and temperature, and a variety of accessories such as bags, socks and headwear. Under Armour positions its offerings to serve athletes at every level—from professionals to everyday fitness enthusiasts—by combining innovative fabrics, advanced footwear technology and functional design.

Founded in 1996 by Kevin Plank, a former University of Maryland football player, Under Armour initially gained recognition for its moisture-wicking T-shirts, which provided a lightweight alternative to traditional cotton.