Concurrent Investment Advisors LLC Grows Stock Position in Under Armour, Inc. $UA

Key Points

• Concurrent Investment Advisors LLC increased its stake in Under Armour by 380.4%, owning 246,519 shares worth approximately $1.6 million as of the end of the second quarter.
• Despite recent interest from various institutional investors, Under Armour has been rated with a "sell" by Weiss Ratings, reflecting a generally bearish outlook with 36.35% of the stock owned by institutional investors.
• Insider purchases have also surged, with directors buying significant shares—each increasing their stake by 296.77%, indicating strong internal confidence despite external market pressures.

Concurrent Investment Advisors LLC raised its stake in shares of Under Armour, Inc. (NYSE:UA - Free Report) by 380.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 246,519 shares of the company's stock after buying an additional 195,208 shares during the period. Concurrent Investment Advisors LLC owned about 0.06% of Under Armour worth $1,600,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. American Century Companies Inc. grew its position in shares of Under Armour by 39.2% during the 1st quarter. American Century Companies Inc. now owns 3,132,565 shares of the company's stock valued at $18,639,000 after acquiring an additional 881,934 shares during the period. Nuveen LLC acquired a new stake in shares of Under Armour during the 1st quarter valued at about $6,703,000. Trexquant Investment LP acquired a new stake in shares of Under Armour during the 1st quarter valued at about $5,122,000. GMT Capital Corp acquired a new stake in shares of Under Armour during the 1st quarter valued at about $3,676,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Under Armour by 34.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 388,256 shares of the company's stock valued at $2,310,000 after acquiring an additional 99,402 shares during the period. 36.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "sell (d+)" rating on shares of Under Armour in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of "Sell".

Insider Activity

In related news, Director Robert John Sweeney bought 100,000 shares of the stock in a transaction dated Thursday, August 21st. The shares were acquired at an average cost of $4.88 per share, for a total transaction of $488,000.00. Following the acquisition, the director directly owned 133,696 shares in the company, valued at approximately $652,436.48. This trade represents a 296.77% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dawn N. Fitzpatrick bought 100,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were bought at an average price of $4.93 per share, for a total transaction of $493,000.00. Following the completion of the acquisition, the director owned 133,696 shares in the company, valued at approximately $659,121.28. The trade was a 296.77% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 202,045 shares of company stock worth $991,000. 15.60% of the stock is currently owned by insiders.

Under Armour Trading Down 2.2%

UA stock opened at $4.65 on Thursday. The company has a current ratio of 1.53, a quick ratio of 0.93 and a debt-to-equity ratio of 0.21. Under Armour, Inc. has a 12-month low of $4.56 and a 12-month high of $10.62. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 21.11 and a beta of 1.67. The business's 50-day moving average is $4.89 and its 200 day moving average is $5.67.

Under Armour (NYSE:UA - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. Under Armour had a return on equity of 7.24% and a net margin of 1.99%.The company had revenue of $1.13 billion for the quarter, compared to analysts' expectations 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.

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