Healthcare of Ontario Pension Plan Trust Fund Acquires 465,887 Shares of Amer Sports, Inc. $AS

Healthcare of Ontario Pension Plan Trust Fund boosted its position in Amer Sports, Inc. (NYSE:AS) by 90.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 978,288 shares of the company’s stock after purchasing an additional 465,887 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Amer Sports were worth $36,539,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Kestra Advisory Services LLC purchased a new position in Amer Sports in the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd lifted its stake in Amer Sports by 484.8% in 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 during the last quarter. PNC Financial Services Group Inc. lifted its stake in Amer Sports by 241.6% in 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 during the last quarter. Smartleaf Asset Management LLC lifted 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. Finally, Global Retirement Partners LLC lifted its stake in Amer Sports by 5,600.0% in the fourth quarter. Global Retirement Partners LLC now owns 1,824 shares of the company’s stock valued at $68,000 after purchasing an additional 1,792 shares during the last quarter. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Wall Street Analyst Weigh In

AS has been the topic of several research analyst reports. Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a research note on Friday, February 20th. Evercore upped their price objective on Amer Sports from $50.00 to $51.00 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Truist Financial upped their price objective on Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft set a $52.00 target price on Amer Sports in a research report on Wednesday, May 20th. Finally, UBS Group increased their target price on Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Amer Sports presently has a consensus rating of “Buy” and an average price target of $48.19.

Insider Activity

In other news, CFO Andrew E. Page sold 105,230 shares of the company’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 transaction, the chief financial officer owned 4,083 shares of the company’s stock, valued at approximately $150,050.25. This represents a 96.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jie (James) Zheng sold 500,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $34.42, for a total transaction of $17,210,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,262,385 shares in the company, valued at approximately $43,451,291.70. The trade was a 28.37% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 860,705 shares of company stock worth $30,156,939.

Amer Sports Trading Up 1.2%

NYSE:AS opened at $35.90 on Tuesday. The company has a market cap of $19.88 billion, a P/E ratio of 44.88, a P/E/G ratio of 1.23 and a beta of 2.05. The stock’s fifty day moving average price is $35.11 and its two-hundred day moving average price is $36.24. Amer Sports, Inc. has a 1 year low of $28.92 and a 1 year high of $42.76. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 0.82.

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

About Amer Sports

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).