1,008,763 Shares in Under Armour, Inc. $UA Bought by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP acquired 1,008,763 Under Armour shares during the second quarter, valued at approximately $6.3 million and representing a 0.23% stake.
• Institutional ownership remains significant at 36.35%, while CFO Reza Taleghani increased his holdings by 27.05% through the purchase of 18,656 shares.
• Analyst sentiment remains weak: Under Armour has a consensus “Sell” rating and a $5.50 average price target. The company slightly beat quarterly EPS estimates but missed revenue expectations.

Corient Private Wealth LP acquired a new stake in shares of Under Armour, Inc. (NYSE:UA - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,008,763 shares of the company's stock, valued at approximately $6,275,000. Corient Private Wealth LP owned 0.23% of Under Armour as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UA. Fairfax Financial Holdings Ltd. Can bought a new position in Under Armour in the fourth quarter valued at $45,395,000. Dimensional Fund Advisors LP boosted its stake in shares of Under Armour by 6.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,518,415 shares of the company's stock valued at $66,688,000 after purchasing an additional 716,815 shares in the last quarter. Quantinno Capital Management LP grew its holdings in shares of Under Armour by 211.6% during the 1st quarter. Quantinno Capital Management LP now owns 433,282 shares of the company's stock valued at $2,509,000 after purchasing an additional 294,227 shares during the last quarter. Fund 1 Investments LLC bought a new position in shares of Under Armour during the 2nd quarter valued at $1,254,000. Finally, Louisiana State Employees Retirement System purchased a new position in Under Armour in the 1st quarter worth $307,000. 36.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Reza Taleghani purchased 18,656 shares of the stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average cost of $5.37 per share, with a total value of $100,182.72. Following the acquisition, the chief financial officer directly owned 87,621 shares of the company's stock, valued at $470,524.77. This represents a 27.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 15.60% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Under Armour from a "sell (d-)" rating to a "sell (d)" rating in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Under Armour has a consensus rating of "Sell" and an average price target of $5.50.

Under Armour Stock Performance

Shares of UA stock opened at $4.79 on Friday. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of -4.16 and a beta of 1.54. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 1.81. Under Armour, Inc. has a one year low of $3.95 and a one year high of $7.91. The company's 50-day moving average is $5.73 and its 200 day moving average is $5.84.

Under Armour (NYSE:UA - Get Free Report) last posted its earnings results on Friday, August 7th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Under Armour had a positive return on equity of 4.04% and a negative net margin of 9.99%.Under Armour has set its Q2 2027 guidance at -0.030--0.010 EPS and its FY 2027 guidance at 0.080-0.120 EPS.

Under Armour Profile

Under Armour, Inc is a global performance apparel, footwear and accessories company serving athletes and active consumers. Its product portfolio includes performance shirts, shorts, outerwear, footwear, sports bras, socks, bags and other athletic accessories designed for training, running, team sports and outdoor activities.

Founded in 1996 by Kevin Plank, Under Armour initially gained recognition for moisture-wicking performance shirts before expanding into a broader athletic brand. The company sells products through wholesale partners, its own retail stores and e-commerce platforms, and serves customers in North America and international markets.

Under Armour is headquartered in Baltimore, Maryland.

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