Amer Sports, Inc. $AS Stake Raised by Soros Fund Management LLC

Soros Fund Management LLC increased its holdings in Amer Sports, Inc. (NYSE:AS) by 13.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 625,890 shares of the company’s stock after buying an additional 75,620 shares during the quarter. Soros Fund Management LLC owned about 0.11% of Amer Sports worth $24,259,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of 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 purchasing an additional 387 shares in the last quarter. SBI Securities Co. Ltd. raised its position in shares of Amer Sports by 146.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock worth $35,000 after buying an additional 533 shares in the last quarter. Quarry LP acquired a new stake in shares of Amer Sports in the 1st quarter worth approximately $34,000. Choreo LLC boosted its holdings in shares of Amer Sports by 21.4% in the second quarter. Choreo LLC now owns 9,854 shares of the company’s stock valued at $382,000 after acquiring an additional 1,740 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings 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 valued at $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.

Amer Sports Stock Performance

Shares of AS opened at $39.27 on Friday. The company has a 50-day moving average of $33.32 and a two-hundred day moving average of $36.09. The stock has a market cap of $21.75 billion, a price-to-earnings ratio of 71.40, a PEG ratio of 1.07 and a beta of 2.85. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.51 and a quick ratio of 0.70. Amer Sports, Inc. has a one year low of $20.21 and a one year high of $42.36.

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

Analyst Ratings Changes

A number of brokerages have issued reports on AS. Morgan Stanley set a $41.00 price target on Amer Sports and gave the company a “positive” rating in a research note on Monday, September 22nd. Bank of America raised their target price on Amer Sports from $45.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, September 19th. UBS Group boosted their price target on shares of Amer Sports from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Citigroup reissued a “buy” rating on shares of Amer Sports in a report on Thursday, October 30th. Finally, Barclays began coverage on shares of Amer Sports in a research note on Tuesday. They issued an “overweight” rating and a $49.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.34.

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.