Trexquant Investment LP Buys New Shares in Under Armour, Inc. $UA

Key Points

• Trexquant Investment LP acquired 860,868 shares of Under Armour, Inc., valued at approximately $5.12 million, representing 0.20% of the company's stock.
• Other institutional investors also increased their holdings in Under Armour, including American Century Companies, which boosted its stake by 39.2%.
• Under Armour reported Q2 earnings of $0.02 per share, meeting estimates, with revenue of $1.13 billion falling short of the forecast of $1.36 billion.

Trexquant Investment LP bought a new position in shares of Under Armour, Inc. (NYSE:UA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 860,868 shares of the company's stock, valued at approximately $5,122,000. Trexquant Investment LP owned about 0.20% of Under Armour at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its position in Under Armour by 7.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 48,211 shares of the company's stock worth $287,000 after acquiring an additional 3,199 shares during the last quarter. Tyler Stone Wealth Management acquired a new position in Under Armour during the first quarter worth about $71,000. American Century Companies Inc. raised its position in Under Armour by 39.2% during the first quarter. American Century Companies Inc. now owns 3,132,565 shares of the company's stock worth $18,639,000 after acquiring an additional 881,934 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in Under Armour by 426.1% during the first quarter. Caitong International Asset Management Co. Ltd now owns 15,231 shares of the company's stock worth $91,000 after acquiring an additional 12,336 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in Under Armour by 518.8% during the first quarter. HighTower Advisors LLC now owns 124,767 shares of the company's stock worth $742,000 after acquiring an additional 104,604 shares during the last quarter. Institutional investors and hedge funds own 36.35% of the company's stock.

Insider Buying and Selling

In other news, Director Dawn N. Fitzpatrick acquired 100,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was acquired at an average price of $4.93 per share, with a total value of $493,000.00. Following the completion of the transaction, the director directly owned 133,696 shares in the company, valued at approximately $659,121.28. This represents a 296.77% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert John Sweeney acquired 100,000 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was purchased at an average cost of $4.88 per share, with a total value of $488,000.00. Following the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 202,045 shares of company stock valued at $991,000. Company insiders own 15.60% of the company's stock.

Under Armour Price Performance

UA traded up $0.01 during midday trading on Wednesday, reaching $4.90. 5,226,486 shares of the company's stock were exchanged, compared to its average volume of 7,358,881. The business's 50-day moving average price is $5.95 and its 200 day moving average price is $5.99. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.53 and a quick ratio of 0.93. The stock has a market capitalization of $2.10 billion, a PE ratio of 22.25 and a beta of 1.60. Under Armour, Inc. has a 1-year low of $4.62 and a 1-year high of $10.62.

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 for the quarter, meeting analysts' consensus estimates of $0.02. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.36 billion. Under Armour had a net margin of 1.99% and a return on equity of 7.24%. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS.

About Under Armour

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.