Corebridge Financial Inc. Decreases Stock Holdings in Under Armour, Inc. $UA

Corebridge Financial Inc. trimmed its stake in shares of Under Armour, Inc. (NYSE:UA) by 3.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 141,894 shares of the company’s stock after selling 5,234 shares during the period. Corebridge Financial Inc.’s holdings in Under Armour were worth $844,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Tyler Stone Wealth Management bought a new stake in Under Armour during the first quarter valued at approximately $71,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Under Armour during the first quarter valued at approximately $78,000. HB Wealth Management LLC purchased a new stake in Under Armour during the first quarter valued at approximately $80,000. DAVENPORT & Co LLC purchased a new stake in Under Armour during the first quarter valued at approximately $91,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings 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 valued at $91,000 after buying an additional 12,336 shares during the last quarter. 36.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Under Armour Stock Down 2.6%

Shares of UA stock opened at $4.97 on Friday. Under Armour, Inc. has a 12 month low of $4.62 and a 12 month high of $10.62. The stock has a market cap of $2.13 billion, a P/E ratio of 22.57 and a beta of 1.60. The company has a current ratio of 1.53, a quick ratio of 0.93 and a debt-to-equity ratio of 0.21. The company has a 50 day simple moving average of $5.89 and a two-hundred day simple moving average of $5.97.

Under Armour (NYSE:UA) last announced its earnings results on Friday, August 8th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. Under Armour had a net margin of 1.99% and a return on equity of 7.24%. The business had revenue of $1.13 billion during 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 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.