10% Owner V Prem Et Al Watsa buys 1,178,344 UA shares across 3 trades at blended $4.98, totaling $5.9M, lifting stake to 44.18M shares.
V Prem Et Al Watsa, a 10% owner of Under Armour, Inc., purchased 1,178,344 shares across three consecutive trading days at prices between $4.97 and $5.00, bringing his total post-transaction holdings to 44,179,216 shares — a notable accumulation at a stock currently trading -37.3% from its 52-week high and down -28.8% over the past 90 days. The purchase comes against a challenging fundamental backdrop: UA's annual revenue declined -9.4% and the company reported negative net income in the latest quarter. Despite these headwinds, Watsa's cross-ticker track record shows a 90d win rate of 80.00% across 20 prior open-market buys, though his 5 prior trades specifically at UA produced mixed 90-day results, with only 2 of 5 considered well-timed at the 90-day mark. The scale of this $5.9M commitment from a concentrated 10% owner who continues to add at depressed prices is a signal investors should monitor closely, particularly given the stock's sharp recent decline.