Parallel Advisors LLC Has $82,000 Position in Amer Sports, Inc. $AS

Parallel Advisors LLC lowered its holdings in Amer Sports, Inc. (NYSE:AS) by 14.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,118 shares of the company’s stock after selling 350 shares during the quarter. Parallel Advisors LLC’s holdings in Amer Sports were worth $82,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Trivest Advisors Ltd lifted its stake in shares of Amer Sports by 47.9% during the first quarter. Trivest Advisors Ltd now owns 2,110,945 shares of the company’s stock valued at $56,426,000 after acquiring an additional 683,445 shares during the period. Samlyn Capital LLC lifted its stake in shares of Amer Sports by 10.8% during the first quarter. Samlyn Capital LLC now owns 1,634,448 shares of the company’s stock valued at $43,689,000 after acquiring an additional 159,848 shares during the period. SG Americas Securities LLC lifted its stake in shares of Amer Sports by 14,640.1% during the first quarter. SG Americas Securities LLC now owns 1,418,001 shares of the company’s stock valued at $37,903,000 after acquiring an additional 1,408,381 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Amer Sports by 44.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,173,674 shares of the company’s stock valued at $31,372,000 after acquiring an additional 358,536 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of Amer Sports by 25.9% during the first quarter. Deutsche Bank AG now owns 1,160,491 shares of the company’s stock valued at $31,020,000 after acquiring an additional 238,937 shares during the period. Institutional investors and hedge funds own 40.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AS. Zacks Research lowered Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Piper Sandler began coverage on Amer Sports in a research note on Thursday, June 26th. They set an “overweight” rating and a $45.00 price target on the stock. Wells Fargo & Company upped their price target on Amer Sports from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Monday. Wall Street Zen raised Amer Sports from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Finally, Morgan Stanley set a $41.00 target price on Amer Sports and gave the company a “positive” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Amer Sports currently has a consensus rating of “Moderate Buy” and an average price target of $43.49.

Amer Sports Trading Down 0.4%

NYSE AS opened at $34.16 on Thursday. The firm has a market cap of $18.92 billion, a P/E ratio of 83.31, a P/E/G ratio of 1.10 and a beta of 3.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.60 and a quick ratio of 0.61. The stock’s 50-day moving average is $37.83 and its 200-day moving average is $33.41. Amer Sports, Inc. has a one year low of $15.00 and a one year high of $42.36.

Amer Sports (NYSE:AS) last released its quarterly earnings results on Tuesday, August 19th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.18 billion. Amer Sports had a return on equity of 6.87% and a net margin of 3.93%.Amer Sports’s revenue was up 23.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 earnings per share. Amer Sports has set its FY 2025 guidance at 0.770-0.820 EPS. Q3 2025 guidance at 0.200-0.220 EPS. Sell-side analysts anticipate that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Amer Sports Company Profile

Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.