BlackRock Updates Under Armour Class A Stock Holdings
Ticker: UA · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1336917
| Field | Detail |
|---|---|
| Company | Under Armour, Inc. (UA) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, transparency
TL;DR
**BlackRock just updated its Under Armour Class A stock ownership, signaling its current passive stake.**
AI Summary
BlackRock, Inc. filed an amended Schedule 13G/A on January 25, 2024, indicating its ownership of Under Armour, Inc. Class A Common Stock as of December 31, 2023. This filing, Amendment No. 8, updates BlackRock's passive investment stake in Under Armour. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in Under Armour's future performance, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated passive ownership in Under Armour, providing transparency on a significant institutional investor's stake, which can influence market sentiment.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued passive stake in Under Armour, but this filing alone doesn't suggest a need for immediate action. It's a routine update, not a signal of aggressive buying or selling.
Key Players & Entities
- BlackRock, Inc. (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 25, 2024 (date) — the filing date of the SC 13G/A
- Class A Common Stock (security_type) — the type of securities held by BlackRock
- Amendment No. 8 (number) — the specific amendment number for this filing
FAQ
What type of filing is this document and what does it generally indicate?
This document is an SC 13G/A, which is an amendment to a Schedule 13G. It generally indicates that a passive institutional investor, like BlackRock, is updating its ownership stake in a company, in this case, Under Armour, Inc.
Who is the reporting person in this SC 13G/A filing?
The reporting person in this SC 13G/A filing is BlackRock, Inc., as stated under 'Names of reporting persons. BlackRock, Inc.'
What is the subject company whose securities are being reported?
The subject company is Under Armour, Inc., specifically its Class A Common Stock, as indicated by '(Name of Issuer) UNDER ARMOUR INC' and '(Title of Class of Securities) Class A Common Stock'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
What is the CUSIP Number for the securities reported in this filing?
The CUSIP Number for the Class A Common Stock of Under Armour, Inc. is 904311107, as listed in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding Under Armour, Inc. (UA).