50,000 Shares in Amer Sports, Inc. $AS Acquired by Siren L.L.C.

Siren L.L.C. bought a new stake in shares of Amer Sports, Inc. (NYSE:AS) during the 1st quarter, Holdings Channel.com reports. The fund bought 50,000 shares of the company’s stock, valued at approximately $1,646,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kestra Advisory Services LLC bought a new position in shares of Amer Sports in the 4th quarter worth $27,000. Caitong International Asset Management Co. Ltd boosted its position in Amer Sports by 484.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock valued at $29,000 after purchasing an additional 703 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in Amer Sports by 1,030.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock valued at $30,000 after purchasing an additional 742 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Amer Sports by 241.6% during the third quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock valued at $42,000 after purchasing an additional 848 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Amer Sports by 174.3% in the second quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock valued at $63,000 after purchasing an additional 1,011 shares during the last quarter. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amer Sports

In other Amer Sports news, CFO Andrew E. Page sold 105,230 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $36.75, for a total value of $3,867,202.50. Following the completion of the transaction, the chief financial officer owned 4,083 shares of the company’s stock, valued at approximately $150,050.25. This trade represents a 96.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Stuart Haselden sold 215,275 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $35.57, for a total transaction of $7,657,331.75. Following the sale, the chief executive officer directly owned 215,275 shares in the company, valued at $7,657,331.75. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 833,580 shares of company stock valued at $29,200,266 over the last 90 days.

Analyst Ratings Changes

A number of equities analysts have commented on AS shares. UBS Group boosted their target price on shares of Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Truist Financial lifted their price objective on shares of Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on shares of Amer Sports in a research note on Wednesday, May 20th. Weiss Ratings raised shares of Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, April 27th. Finally, Robert W. Baird set a $51.00 target price on shares of Amer Sports in a research note on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Amer Sports presently has an average rating of “Buy” and a consensus target price of $48.98.

Amer Sports Trading Down 3.0%

Amer Sports stock opened at $33.34 on Friday. The stock has a 50-day moving average of $34.91 and a two-hundred day moving average of $35.68. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 1.66. Amer Sports, Inc. has a one year low of $28.92 and a one year high of $42.76. The stock has a market cap of $18.46 billion, a PE ratio of 41.67, a price-to-earnings-growth ratio of 1.19 and a beta of 2.07.

Amer Sports (NYSE:AS) last issued its quarterly earnings results on Tuesday, May 19th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The company’s revenue was up 32.1% on a year-over-year basis. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. On average, research analysts anticipate that Amer Sports, Inc. will post 1.22 EPS for the current fiscal year.

Amer Sports Company Profile

Amer Sports (NYSE:AS) is a Helsinki-based sporting goods group that designs, develops and markets performance-oriented equipment, apparel and footwear across multiple sports. The company focuses on product innovation, brand-driven marketing and global distribution to serve athletes and outdoor enthusiasts, offering goods for activities such as skiing, running, hiking, tennis, golf and diving.

Amer Sports’ portfolio comprises well-known sports and outdoor brands, including Salomon (outdoor footwear and winter sports), Atomic (alpine skis and ski equipment), Arc’teryx (technical outerwear and climbing gear), Wilson (racquet and ball sports equipment) and Suunto (precision instruments and sports watches).