SCHEDULE: BlackRock Boosts Under Armour Stake to 10.6%
Beneficial Ownership Report
BlackRock, Inc. has reported an aggregate beneficial ownership of 10.6% of Under Armour Inc.'s Class A Stock, totaling 20,088,049 shares.
Summary
- BlackRock, Inc. filed an Amendment No. 9 to Schedule 13G, disclosing its beneficial ownership in Under Armour Inc.
- BlackRock holds an aggregate of 20,088,049 shares of Under Armour Inc. Class A Stock.
- This ownership represents 10.6% of the total outstanding Class A Stock.
- BlackRock maintains sole voting power over 19,779,684 shares.
- BlackRock holds sole dispositive power over all 20,088,049 shares.
- iShares Core S&P Small-Cap ETF, an entity associated with BlackRock, beneficially owns more than 5% of the total outstanding common stock.
Sentiment
Score: 6
Explanation: The filing is a routine disclosure of a significant passive ownership stake by a major institutional investor, BlackRock, in Under Armour Inc. While not directly impacting company performance, a substantial institutional holding can be viewed as a sign of confidence.
Positives
- BlackRock, a major institutional investor, holds a significant 10.6% passive stake in Under Armour Inc. Class A Stock, which can be interpreted as a vote of confidence.
Negatives
- No negative information regarding Under Armour Inc.'s operations or financial health is disclosed in this ownership filing.
Future Outlook
NA
Industry Context
This filing indicates a significant institutional investment in Under Armour, which is common for established brands in the athletic apparel industry. Such disclosures provide transparency regarding major shareholder positions.
Stakeholder Impact
- Shareholders: Increased institutional ownership may provide stability and signal confidence in the company's long-term prospects.
- Management: Awareness of a significant institutional shareholder may influence strategic decisions and communication.
Key Dates
| Date | Description |
|---|---|
| 2025-01-21 | Execution date of the new Power of Attorney by BlackRock, Inc. |
| 2025-12-31 | Date of event which requires the filing of this statement. |
| 2026-01-08 | Signature date of the Schedule 13G filing. |
Keywords
Under Armour, UAA, BlackRock, Institutional Ownership, Schedule 13G, Class A Stock, Investment, Passive Investment
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