Amer Sports, Inc. $AS Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its holdings in Amer Sports, Inc. (NYSE:AS) by 21.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 792,845 shares of the company’s stock after selling 216,255 shares during the period. Renaissance Technologies LLC’s holdings in Amer Sports were worth $26,100,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of AS. Kestra Advisory Services LLC purchased a new position in Amer Sports during the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd boosted its position in 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 purchasing an additional 703 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Amer Sports by 1,030.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock worth $30,000 after purchasing an additional 742 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Amer Sports by 241.6% during the 3rd 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 increased its holdings in shares of Amer Sports by 174.3% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Amer Sports Stock Up 0.2%

Shares of NYSE AS opened at $36.06 on Thursday. The firm has a market cap of $19.97 billion, a price-to-earnings ratio of 45.07, a price-to-earnings-growth ratio of 1.26 and a beta of 2.07. The company’s 50-day simple moving average is $35.05 and its 200-day simple moving average is $35.59. 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, Inc. has a 52-week low of $28.92 and a 52-week high of $42.76.

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

Insider Transactions at Amer Sports

In related news, CEO Jie (James) Zheng sold 500,000 shares of the business’s stock in a transaction that occurred 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 in the company, valued at $150,050.25. The trade was a 96.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 833,580 shares of company stock worth $29,200,266 over the last three months.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AS shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Amer Sports in a report on Friday, July 24th. Robert W. Baird set a $51.00 price objective on shares of Amer Sports in a research report on Wednesday, May 20th. UBS Group increased their target price on shares of Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft set a $52.00 target price on Amer Sports in a research report on Wednesday, May 20th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $45.00 price target on shares of Amer Sports in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $48.70.

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).