State Street Corp. Updates Passive Stake in Under Armour (UAA)
Ticker: UA · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1336917
| Field | Detail |
|---|---|
| Company | Under Armour, Inc. (UA) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, equity-stake
TL;DR
**State Street still holds UAA shares, no major changes.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 24, 2024, indicating its ownership of Under Armour, Inc. common stock as of December 31, 2023. This filing updates their previous disclosure, confirming their continued passive investment in the apparel company. This matters to investors because it shows a significant institutional holder maintains its position, suggesting a degree of confidence in Under Armour's long-term prospects, even if it's a passive investment.
Why It Matters
This filing confirms State Street Corporation's continued passive institutional ownership in Under Armour, signaling that a major financial player remains invested in the company's stock.
Risk Assessment
Risk Level: low — This is a routine amendment from a passive institutional investor and does not indicate any immediate risk or significant change in company control.
Analyst Insight
An investor should note that State Street Corporation continues to hold a passive stake in Under Armour, which is a routine institutional holding and doesn't suggest any immediate catalysts or concerns for the stock.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Under Armour, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a change or update to a previous disclosure of beneficial ownership.
Who is the reporting person in this filing?
The reporting person is State Street Corporation, identified by IRS Identification No. 04-2456637 and CIK 0000093751.
What company's securities are being reported on?
The securities being reported on are the Common Stock of Under Armour, Inc., which has a CUSIP Number of 904311107 and CIK 0001336917.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as stated on the cover page.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed under Rule 13D-1 (B), as indicated by the 'X' in the appropriate box on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding Under Armour, Inc. (UA).