Thornburg Investment Management Inc. Sells 26,225 Shares of Amer Sports, Inc. $AS

Thornburg Investment Management Inc. decreased its position in shares of Amer Sports, Inc. (NYSE:AS) by 39.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,253 shares of the company’s stock after selling 26,225 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Amer Sports were worth $1,503,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Federation des caisses Desjardins du Quebec boosted its position in Amer Sports by 10.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,466 shares of the company’s stock valued at $167,000 after purchasing an additional 405 shares in the last quarter. Choreo LLC boosted its holdings in Amer Sports by 4.9% in the fourth quarter. Choreo LLC now owns 9,387 shares of the company’s stock worth $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 worth $1,694,000 after acquiring an additional 540 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of Amer Sports by 2.0% in the third quarter. Handelsbanken Fonder AB now owns 35,300 shares of the company’s stock worth $1,227,000 after purchasing an additional 700 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Amer Sports by 484.8% in the third 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 during the last quarter. Institutional investors own 40.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Evercore raised their price objective on Amer Sports from $50.00 to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. Weiss Ratings upgraded Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft set a $52.00 price target on Amer Sports in a research report on Wednesday, May 20th. UBS Group raised their price objective on Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Finally, Piper Sandler reissued an “overweight” rating on shares of Amer Sports in a report on Friday, February 20th. Two 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 data from MarketBeat.com, Amer Sports currently has a consensus rating of “Buy” and an average target price of $48.19.

Amer Sports Stock Up 1.2%

Shares of AS opened at $35.90 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 0.82 and a debt-to-equity ratio of 0.10. Amer Sports, Inc. has a 12 month low of $28.92 and a 12 month high of $42.76. The stock’s 50 day moving average is $35.11 and its two-hundred day moving average is $36.24. The firm has a market cap of $19.88 billion, a P/E ratio of 44.88, a PEG ratio of 1.23 and a beta of 2.05.

Amer Sports (NYSE:AS) last issued 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 period in the previous year, the company posted $0.27 earnings per share. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. Analysts predict that Amer Sports, Inc. will post 1.22 earnings per share for the current fiscal year.

Insider Transactions at Amer Sports

In other news, insider Wen-Chang (Victor) Chen sold 13,075 shares of Amer Sports stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $35.62, for a total value of $465,731.50. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Stuart Haselden sold 215,275 shares of Amer Sports stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 215,275 shares in the company, valued at $7,657,331.75. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 860,705 shares of company stock valued at $30,156,939.

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).