Y Intercept Hong Kong Ltd Acquires New Shares in Amer Sports, Inc. $AS

Y Intercept Hong Kong Ltd purchased a new position in Amer Sports, Inc. (NYSE:AS) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 117,585 shares of the company’s stock, valued at approximately $4,558,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AS. Trivest Advisors Ltd increased its stake in shares of Amer Sports by 47.9% in the first quarter. Trivest Advisors Ltd now owns 2,110,945 shares of the company’s stock worth $56,426,000 after purchasing an additional 683,445 shares during the period. Trexquant Investment LP increased its stake in Amer Sports by 341.1% during the first quarter. Trexquant Investment LP now owns 799,989 shares of the company’s stock valued at $21,384,000 after acquiring an additional 618,632 shares during the period. Citigroup Inc. grew its stake in shares of Amer Sports by 1,402.2% in the 1st quarter. Citigroup Inc. now owns 441,628 shares of the company’s stock valued at $11,805,000 after purchasing an additional 412,229 shares during the period. Temasek Holdings Private Ltd bought a new stake in shares of Amer Sports in the 1st quarter valued at approximately $10,081,000. Finally, GGM Financials LLC bought a new stake in shares of Amer Sports in the 2nd quarter valued at approximately $14,550,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on AS shares. UBS Group boosted their target price on Amer Sports from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Robert W. Baird upped their target price on shares of Amer Sports from $45.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, September 19th. Wall Street Zen downgraded Amer Sports from a “buy” rating to a “hold” rating in a research note on Sunday. Weiss Ratings restated a “hold (c-)” rating on shares of Amer Sports in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Amer Sports from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.39.

Amer Sports Price Performance

Shares of NYSE AS opened at $32.74 on Wednesday. The stock has a market capitalization of $18.13 billion, a price-to-earnings ratio of 79.86, a PEG ratio of 1.04 and a beta of 3.04. The business has a 50-day moving average of $35.35 and a 200-day moving average of $34.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.60 and a quick ratio of 0.61. Amer Sports, Inc. has a fifty-two week low of $17.43 and a fifty-two week high of $42.36.

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

About Amer Sports

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.