74,793 Shares in Amer Sports, Inc. $AS Bought by Osaic Holdings Inc.

Osaic Holdings Inc. purchased a new position in shares of Amer Sports, Inc. (NYSE:AS) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 74,793 shares of the company’s stock, valued at approximately $2,898,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in Amer Sports by 17.4% during the second quarter. GAMMA Investing LLC now owns 2,614 shares of the company’s stock valued at $101,000 after buying an additional 387 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Amer Sports by 146.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock valued at $35,000 after acquiring an additional 533 shares during the period. Smartleaf Asset Management LLC lifted its holdings 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 in the last quarter. Quarry LP acquired a new position in shares of Amer Sports during the 1st quarter valued at $34,000. Finally, Choreo LLC boosted its position in Amer Sports by 21.4% during the 2nd quarter. Choreo LLC now owns 9,854 shares of the company’s stock worth $382,000 after purchasing an additional 1,740 shares during the period. Institutional investors and hedge funds own 40.25% of the company’s stock.

Amer Sports Stock Performance

AS stock opened at $38.38 on Friday. Amer Sports, Inc. has a 1 year low of $20.21 and a 1 year high of $42.36. The stock has a market capitalization of $21.26 billion, a price-to-earnings ratio of 69.79, a PEG ratio of 1.03 and a beta of 2.85. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.70 and a current ratio of 1.51. The stock’s fifty day moving average is $34.63 and its two-hundred day moving average is $36.17.

Amer Sports (NYSE:AS) last announced its quarterly earnings results on Tuesday, November 18th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.25 by $0.08. Amer Sports had a net margin of 5.10% and a return on equity of 8.51%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the business earned $0.14 earnings per share. Amer Sports’s revenue was up 29.7% compared to the same quarter last year. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. On average, research analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current year.

Analyst Upgrades and Downgrades

AS has been the topic of a number of recent research reports. UBS Group boosted their price objective on Amer Sports from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. Citigroup reiterated a “buy” rating on shares of Amer Sports in a report on Thursday, October 30th. Morgan Stanley set a $41.00 price target on Amer Sports and gave the stock a “positive” rating in a report on Monday, September 22nd. Nomura Securities raised shares of Amer Sports from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. Finally, Zacks Research raised shares of Amer Sports from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $44.73.

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).