Under Armour, Inc. $UA Shares Bought by Quinn Opportunity Partners LLC

Key Points

• Quinn Opportunity Partners LLC raised its stake in Under Armour by 1,100% in Q3, buying 660,000 shares to hold 720,000 shares (about 0.17% of the company) valued at roughly $3.48 million.
• Major shareholder V. Prem Watsa bought 13,182,469 shares (~$67.5M) and now owns 41,958,923 shares; insiders purchased ~42.45M shares worth $219M in the last three months and collectively own 15.6% of the stock.
• Under Armour beat the most recent quarter's estimates with $0.09 EPS (vs. ($0.02) expected) and $1.33B revenue and set FY2026 EPS guidance of $0.10–$0.11, but analysts' consensus remains negative with an average "Sell" rating.

Quinn Opportunity Partners LLC grew its holdings in shares of Under Armour, Inc. (NYSE:UA - Free Report) by 1,100.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 720,000 shares of the company's stock after buying an additional 660,000 shares during the quarter. Quinn Opportunity Partners LLC owned 0.17% of Under Armour worth $3,478,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Laurel Wealth Advisors LLC boosted its stake in Under Armour by 549.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,920 shares of the company's stock valued at $25,000 after acquiring an additional 3,316 shares during the last quarter. AlphaCore Capital LLC bought a new stake in shares of Under Armour in the 3rd quarter worth about $41,000. First Business Financial Services Inc. bought a new stake in shares of Under Armour in the 3rd quarter worth about $48,000. Cerity Partners LLC acquired a new stake in shares of Under Armour in the 2nd quarter valued at about $65,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of Under Armour in the 2nd quarter valued at about $68,000. Institutional investors and hedge funds own 36.35% of the company's stock.

Under Armour Trading Down 0.4%

Shares of UA stock opened at $6.27 on Friday. Under Armour, Inc. has a 1 year low of $3.95 and a 1 year high of $7.91. The firm has a market capitalization of $2.67 billion, a PE ratio of -5.14 and a beta of 1.68. The stock has a fifty day moving average of $6.44 and a two-hundred day moving average of $5.22. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 1.43.

Under Armour (NYSE:UA - Get Free Report) last issued its quarterly earnings results on Friday, February 6th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.11. Under Armour had a positive return on equity of 1.48% and a negative net margin of 10.44%.The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.16 billion. Under Armour has set its FY 2026 guidance at 0.10-0.110 EPS.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UA. Weiss Ratings reiterated a "sell (e+)" rating on shares of Under Armour in a research note on Monday, December 29th. Zacks Research upgraded Under Armour to a "hold" rating in a research note on Wednesday. Finally, Citigroup downgraded Under Armour from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Under Armour currently has an average rating of "Sell".

Insider Transactions at Under Armour

In related news, major shareholder V Prem Et Al Watsa bought 13,182,469 shares of the stock in a transaction on Tuesday, December 30th. The shares were purchased at an average price of $5.12 per share, with a total value of $67,494,241.28. Following the purchase, the insider owned 41,958,923 shares in the company, valued at approximately $214,829,685.76. This represents a 45.81% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders have bought 42,448,155 shares of company stock valued at $219,067,338. Corporate insiders own 15.60% of the company's stock.

About Under Armour

Under Armour, Inc is a global designer, marketer and distributor of branded performance apparel, footwear and accessories. The company's product portfolio spans a wide range of athletic categories, including running, training, basketball, outdoor and golf, with specialized lines for men, women and youth. Under Armour emphasizes innovative fabrics and technologies designed to enhance athletic performance, such as moisture-wicking HeatGear®, cold-weather ColdGear® and UV-protective UA Tech™ materials.

The company was founded in 1996 by former University of Maryland football captain Kevin Plank, who sought to create a superior moisture-wicking T-shirt to keep athletes cool and dry.

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