Cinctive Capital Management LP Boosts Stock Holdings in Amer Sports, Inc. $AS

Cinctive Capital Management LP grew its position in shares of Amer Sports, Inc. (NYSE:AS) by 491.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 146,990 shares of the company’s stock after acquiring an additional 122,158 shares during the quarter. Cinctive Capital Management LP’s holdings in Amer Sports were worth $5,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of AS. Kestra Advisory Services LLC purchased a new position in Amer Sports during the 4th quarter worth $27,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Amer Sports by 484.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock worth $29,000 after buying an additional 703 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Amer Sports by 241.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock worth $42,000 after buying an additional 848 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Amer Sports by 174.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock worth $63,000 after buying an additional 1,011 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of Amer Sports by 5,600.0% in the 4th quarter. Global Retirement Partners LLC now owns 1,824 shares of the company’s stock worth $68,000 after buying an additional 1,792 shares during the last quarter. 40.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Andrew E. Page sold 105,230 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $36.75, for a total transaction of $3,867,202.50. Following the sale, the chief financial officer directly owned 4,083 shares in the company, valued at $150,050.25. This represents a 96.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Stuart Haselden sold 215,275 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $35.57, for a total value of $7,657,331.75. Following the sale, the chief executive officer owned 215,275 shares in the company, valued at approximately $7,657,331.75. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 860,705 shares of company stock valued at $30,156,939.

Wall Street Analyst Weigh In

AS has been the topic of a number of research analyst reports. UBS Group boosted their price target 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. Robert W. Baird set a $51.00 price target on shares of Amer Sports in a report on Wednesday, May 20th. Weiss Ratings raised shares of Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Truist Financial boosted their price target on shares of Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft set a $52.00 price target on shares of Amer Sports in a report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $48.19.

Amer Sports Trading Down 1.4%

Shares of AS opened at $35.09 on Thursday. The business’s 50-day moving average price is $35.18 and its 200-day moving average price is $36.22. Amer Sports, Inc. has a twelve month low of $28.92 and a twelve month high of $42.76. The stock has a market cap of $19.43 billion, a PE ratio of 43.86, a P/E/G ratio of 1.24 and a beta of 2.05. The company has a quick ratio of 0.82, a current ratio of 1.66 and a debt-to-equity ratio of 0.10.

Amer Sports (NYSE:AS) last announced its quarterly earnings results on Tuesday, May 19th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.07. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the business posted $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, equities analysts forecast that Amer Sports, Inc. will post 1.22 EPS for the current fiscal year.

Amer Sports 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).