18,697 Shares in Amer Sports, Inc. $AS Purchased by United Asset Strategies Inc.

United Asset Strategies Inc. acquired a new stake in Amer Sports, Inc. (NYSE:AS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,697 shares of the company’s stock, valued at approximately $616,000.

Other institutional investors have also recently made changes to their positions in the company. Federation des caisses Desjardins du Quebec grew its stake in shares of Amer Sports by 10.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,466 shares of the company’s stock worth $167,000 after acquiring an additional 405 shares in the last quarter. Choreo LLC raised its stake in shares of Amer Sports by 4.9% in the fourth quarter. Choreo LLC now owns 9,387 shares of the company’s stock valued at $354,000 after acquiring an additional 437 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in Amer Sports by 1.1% in the third quarter. Mackenzie Financial Corp now owns 48,745 shares of the company’s stock valued at $1,694,000 after purchasing an additional 540 shares during the period. Moore Capital Management LP boosted its holdings in Amer Sports by 3.6% in the fourth quarter. Moore Capital Management LP now owns 18,572 shares of the company’s stock valued at $694,000 after purchasing an additional 651 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its stake in Amer Sports by 484.8% during 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. Institutional investors and hedge funds own 40.25% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Andrew E. Page sold 105,230 shares of Amer Sports stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $36.75, for a total transaction of $3,867,202.50. Following the completion of the sale, the chief financial officer directly owned 4,083 shares in the company, valued at approximately $150,050.25. This trade represents a 96.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wen-Chang (Victor) Chen sold 13,075 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $35.62, for a total value of $465,731.50. Following the completion of the transaction, the insider directly owned 149,821 shares of the company’s stock, valued at $5,336,624.02. The trade was a 8.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 851,685 shares of company stock valued at $29,856,753.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AS. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on Amer Sports in a research report on Wednesday, May 20th. Robert W. Baird set a $51.00 price target on shares of Amer Sports in a research note on Wednesday, May 20th. 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. 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, UBS Group raised their price objective on shares of Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $48.70.

Amer Sports Stock Performance

Shares of Amer Sports stock opened at $34.04 on Wednesday. The firm’s fifty day simple moving average is $34.94 and its 200-day simple moving average is $35.94. The stock has a market capitalization of $18.85 billion, a price-to-earnings ratio of 42.55, a PEG ratio of 1.21 and a beta of 2.07. Amer Sports, Inc. has a 12 month low of $28.92 and a 12 month 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 released its quarterly earnings results on Tuesday, May 19th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.84 billion. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.The business’s revenue was up 32.1% on a year-over-year basis. During the same quarter last year, the company posted $0.27 earnings per share. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. As a group, equities analysts forecast that Amer Sports, Inc. will post 1.22 earnings per share for the current 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).