American Century Companies Inc. Acquires 881,934 Shares of Under Armour, Inc. $UA

Key Points

• American Century Companies Inc. increased its stake in Under Armour by 39.2%, owning approximately 3,132,565 shares valued at $18,639,000 after acquiring an additional 881,934 shares.
• Several hedge funds boosted their holdings in Under Armour, with increases such as 426.1% and 518.8% reported in the first quarter.
• Insider transactions included two directors acquiring 100,000 shares each at prices around $4.88-$4.93 per share, reflecting a significant increase in their positions.

American Century Companies Inc. raised its position in Under Armour, Inc. (NYSE:UA - Free Report) by 39.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,132,565 shares of the company's stock after buying an additional 881,934 shares during the period. American Century Companies Inc. owned 0.73% of Under Armour worth $18,639,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mariner LLC boosted its position in Under Armour by 9.0% in the fourth quarter. Mariner LLC now owns 35,094 shares of the company's stock valued at $262,000 after buying an additional 2,894 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Under Armour by 23.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,224 shares of the company's stock valued at $114,000 after buying an additional 2,930 shares in the last quarter. Yousif Capital Management LLC boosted its position in Under Armour by 7.9% in the first quarter. Yousif Capital Management LLC now owns 49,413 shares of the company's stock valued at $294,000 after buying an additional 3,619 shares in the last quarter. Perigon Wealth Management LLC boosted its position in Under Armour by 7.6% in the first quarter. Perigon Wealth Management LLC now owns 53,878 shares of the company's stock valued at $321,000 after buying an additional 3,802 shares in the last quarter. Finally, Bellwether Advisors LLC acquired a new position in Under Armour in the fourth quarter valued at about $29,000. 36.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Under Armour

In related news, insider Mehri Shadman sold 16,287 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total value of $100,002.18. Following the transaction, the insider directly owned 191,796 shares in the company, valued at $1,177,627.44. This represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert John Sweeney acquired 100,000 shares of Under Armour stock in a transaction on Thursday, August 21st. The stock was acquired at an average cost of $4.88 per share, for a total transaction of $488,000.00. Following the completion of the purchase, the director owned 133,696 shares of the company's stock, valued at approximately $652,436.48. The trade was a 296.77% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 202,045 shares of company stock worth $991,000. Corporate insiders own 15.60% of the company's stock.

Under Armour Price Performance

NYSE:UA traded up $0.04 on Wednesday, reaching $4.95. The stock had a trading volume of 5,131,936 shares, compared to its average volume of 7,221,259. Under Armour, Inc. has a 1-year low of $4.62 and a 1-year high of $10.62. The stock has a fifty day moving average price of $6.09 and a 200-day moving average price of $6.05. The company has a market capitalization of $2.12 billion, a P/E ratio of 22.48 and a beta of 1.54. The company has a quick ratio of 0.93, a current ratio of 1.53 and a debt-to-equity ratio of 0.21.

Under Armour (NYSE:UA - Get Free Report) last announced its earnings results on Friday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.02. Under Armour had a net margin of 1.99% and a return on equity of 7.24%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.36 billion. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.