KGI Securities Issues Neutral Rating for Under Armour Stock

Fintel reports that on March 7, 2025, KGI Securities initiated coverage of Under Armour (WBAG:UAA) with a Neutral recommendation.

Current Fund Sentiment Regarding Under Armour

Currently, 683 funds or institutions are reporting positions in Under Armour. This marks an increase of 12 owners, or 1.79%, in just the last quarter. The average portfolio weight of all funds allocated to UAA is approximately 0.06%, which has risen by 100.53% recently. Additionally, total shares owned by institutions have climbed by 3.41% over the past three months, reaching 219,047K shares.

Recent Activity Among Other Shareholders

The Fidelity Blue Chip Growth Fund (FBGRX) now holds 12,290K shares, equating to 6.51% ownership of Under Armour. In its previous filing, the firm reported ownership of 945K shares, indicating a significant increase of 92.31%. Furthermore, FBGRX has boosted its portfolio allocation in UAA by 352.55% in the last quarter.

Alyeska Investment Group is another notable shareholder with 9,790K shares, reflecting a 5.18% ownership stake. This represents a 35.78% increase from the prior reporting period, with a 6.50% rise in its portfolio allocation over the last quarter.

FIL holds 7,350K shares, which accounts for 3.89% of Under Armour’s ownership, with no change recorded in the last quarter. In contrast, Fairfax Financial Holdings reports 6,312K shares, or 3.34% ownership, also with no change recently.

The iShares Core S&P Mid-Cap ETF (IJH) now owns 6,139K shares, representing 3.25% ownership. This shows an increase of 3.97% from previous filings, though IJH has decreased its portfolio allocation in UAA by 7.07% over the preceding quarter.

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This story originally appeared on Fintel.

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