BlackRock Amends Under Armour Stake as of Dec 31, 2023
Ticker: UA · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1336917
| Field | Detail |
|---|---|
| Company | Under Armour, Inc. (UA) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, portfolio-update
TL;DR
**BlackRock updated its Under Armour stake, signaling a portfolio rebalance.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, indicating its ownership of Under Armour, Inc. common stock as of December 31, 2023. This filing, an amendment (Amendment No: 1), updates BlackRock's previously reported stake in Under Armour, a major apparel company. This matters to investors because BlackRock is one of the world's largest asset managers, and changes in its holdings can signal institutional sentiment or portfolio rebalancing for Under Armour stock.
Why It Matters
This filing shows BlackRock's updated position in Under Armour, providing insight into a major institutional investor's confidence in the company.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a large institutional investor and does not indicate any immediate significant risk to the company or its stock.
Analyst Insight
Investors should note that BlackRock, a significant institutional holder, has updated its position in Under Armour. While this filing doesn't disclose the exact change in shares or percentage, it confirms BlackRock's continued involvement and could prompt further investigation into their specific holding changes once the full details are available.
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 26, 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 under the Securities Exchange Act of 1934, specifically Amendment No: 1.
Who is the reporting person in this filing?
The reporting person in this filing is BlackRock, Inc., a major institutional investor.
What is the subject company whose securities are being reported?
The subject company is Under Armour, Inc., an apparel and other finished products manufacturer.
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.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Under Armour, Inc. is 904311206.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding Under Armour, Inc. (UA).