Amer Sports, Inc. $AS is Aspex Management HK Ltd’s 7th Largest Position

Aspex Management HK Ltd lifted its stake in Amer Sports, Inc. (NYSE:AS) by 27.9% in the fourth quarter, HoldingsChannel reports. The firm owned 7,593,627 shares of the company’s stock after acquiring an additional 1,658,536 shares during the quarter. Amer Sports makes up about 5.7% of Aspex Management HK Ltd’s investment portfolio, making the stock its 7th biggest position. Aspex Management HK Ltd’s holdings in Amer Sports were worth $283,622,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AS. Caitong International Asset Management Co. Ltd raised 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 buying an additional 703 shares in the last quarter. PNC Financial Services Group Inc. raised 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 buying an additional 848 shares in the last quarter. Smartleaf Asset Management LLC raised 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 buying an additional 1,011 shares in the last quarter. Global Retirement Partners LLC raised 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 buying an additional 1,792 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in Amer Sports in the fourth quarter valued at $84,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AS shares. Weiss Ratings upgraded Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, April 27th. Robert W. Baird set a $51.00 price target on Amer Sports in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft set a $52.00 price target on Amer Sports in a research note on Wednesday, May 20th. Piper Sandler restated an “overweight” rating on shares of Amer Sports in a research note on Friday, February 20th. Finally, Truist Financial raised their price target on Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Two equities research 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $48.19.

Insider Transactions at Amer Sports

In other news, CFO Andrew E. Page sold 105,230 shares of Amer Sports 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 owned 4,083 shares in the company, valued at approximately $150,050.25. The trade was a 96.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stuart Haselden sold 215,275 shares of Amer Sports stock in a transaction dated Monday, June 1st. The stock was 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 $7,657,331.75. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 860,705 shares of company stock worth $30,156,939 over the last three months.

Amer Sports Stock Down 0.5%

AS opened at $35.43 on Friday. The business’s 50-day simple moving average is $35.06 and its 200-day simple moving average is $36.24. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 1.66. Amer Sports, Inc. has a one year low of $28.92 and a one year high of $42.76. The stock has a market capitalization of $19.62 billion, a P/E ratio of 44.29, a price-to-earnings-growth ratio of 1.24 and a beta of 2.05.

Amer Sports (NYSE:AS) last posted its earnings results on Tuesday, May 19th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The business’s revenue was up 32.1% compared to the same quarter last year. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. Analysts anticipate 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).