Temasek Holdings Private Ltd Raises Stake in Amer Sports, Inc. $AS

Temasek Holdings Private Ltd lifted its stake in shares of Amer Sports, Inc. (NYSE:AS) by 42.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,665,157 shares of the company’s stock after purchasing an additional 1,086,616 shares during the quarter. Temasek Holdings Private Ltd’s holdings in Amer Sports were worth $120,657,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Kestra Advisory Services LLC purchased a new stake in Amer Sports during the fourth quarter worth about $27,000. Rockefeller Capital Management L.P. increased its holdings in Amer Sports by 1,030.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock valued at $30,000 after buying an additional 742 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings 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 buying an additional 703 shares in the last quarter. PNC Financial Services Group Inc. lifted its position 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 acquiring an additional 848 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position 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 acquiring an additional 1,011 shares during the period. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Amer Sports Stock Down 5.1%

Shares of NYSE AS opened at $34.47 on Wednesday. Amer Sports, Inc. has a 12-month low of $28.92 and a 12-month high of $42.76. The company has a market capitalization of $19.09 billion, a PE ratio of 43.09, a price-to-earnings-growth ratio of 1.26 and a beta of 2.07. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 0.82. The firm’s 50-day moving average is $34.88 and its two-hundred day moving average is $35.73.

Amer Sports (NYSE:AS) last released its quarterly earnings results on Tuesday, May 19th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.31 by $0.07. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the business earned $0.27 earnings per share. The company’s quarterly 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. Equities analysts anticipate that Amer Sports, Inc. will post 1.22 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Amer Sports news, insider Wen-Chang (Victor) Chen sold 13,075 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $35.62, for a total transaction of $465,731.50. Following the completion of the transaction, the insider owned 149,821 shares of the company’s stock, valued at approximately $5,336,624.02. This trade represents a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jie (James) Zheng sold 500,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $34.42, for a total value of $17,210,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,262,385 shares of the company’s stock, valued at approximately $43,451,291.70. This trade represents a 28.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 833,580 shares of company stock worth $29,200,266 in the last quarter.

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).