Amer Sports, Inc. $AS Shares Bought by Machina Capital S.A.S.

Machina Capital S.A.S. grew its stake in shares of Amer Sports, Inc. (NYSE:AS) by 386.2% during the second quarter, HoldingsChannel reports. The firm owned 68,403 shares of the company’s stock after buying an additional 54,335 shares during the period. Machina Capital S.A.S.’s holdings in Amer Sports were worth $2,651,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. GAMMA Investing LLC lifted its stake in shares of Amer Sports by 17.4% in the second quarter. GAMMA Investing LLC now owns 2,614 shares of the company’s stock worth $101,000 after acquiring an additional 387 shares in the last quarter. Scotia Capital Inc. lifted its stake in shares of Amer Sports by 1.0% in the first quarter. Scotia Capital Inc. now owns 50,841 shares of the company’s stock worth $1,359,000 after acquiring an additional 488 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Amer Sports by 19.1% in the first quarter. Signaturefd LLC now owns 4,925 shares of the company’s stock worth $132,000 after acquiring an additional 789 shares in the last quarter. Quarry LP acquired a new position in shares of Amer Sports in the first quarter worth about $34,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Amer Sports by 22.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 12,386 shares of the company’s stock worth $331,000 after acquiring an additional 2,275 shares in the last quarter. Institutional investors and hedge funds own 40.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AS shares. JPMorgan Chase & Co. boosted their price target on Amer Sports from $46.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Morgan Stanley set a $41.00 price objective on Amer Sports and gave the company a “positive” rating in a research note on Monday, September 22nd. Wells Fargo & Company upped their price objective on Amer Sports from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Monday, September 22nd. Truist Financial began coverage on Amer Sports in a research note on Monday, October 27th. They set a “buy” rating and a $42.00 price objective on the stock. Finally, Hsbc Global Res upgraded Amer Sports from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.39.

Amer Sports Stock Down 2.2%

Shares of Amer Sports stock opened at $31.24 on Monday. The company has a current ratio of 1.60, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The business’s 50 day simple moving average is $34.94 and its 200-day simple moving average is $34.88. The stock has a market capitalization of $17.30 billion, a price-to-earnings ratio of 76.18, a PEG ratio of 1.00 and a beta of 3.04. Amer Sports, Inc. has a twelve month low of $17.43 and a twelve month high of $42.36.

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