Machina Capital S.A.S. Has $578,000 Stock Holdings in Amer Sports, Inc. $AS

Machina Capital S.A.S. reduced its stake in shares of Amer Sports, Inc. (NYSE:AS) by 75.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 16,642 shares of the company’s stock after selling 51,761 shares during the period. Machina Capital S.A.S.’s holdings in Amer Sports were worth $578,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AS. Scopus Asset Management L.P. bought a new stake in shares of Amer Sports during the second quarter worth $108,562,000. Qube Research & Technologies Ltd increased its holdings in Amer Sports by 139.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,887,480 shares of the company’s stock worth $150,679,000 after purchasing an additional 2,267,066 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Amer Sports in the 2nd quarter valued at about $87,287,000. BNP Paribas Financial Markets lifted its holdings in shares of Amer Sports by 244.5% in the second quarter. BNP Paribas Financial Markets now owns 2,533,612 shares of the company’s stock valued at $98,203,000 after purchasing an additional 1,798,170 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Amer Sports during the second quarter worth about $60,855,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

Amer Sports Price Performance

NYSE:AS opened at $35.64 on Friday. Amer Sports, Inc. has a 1-year low of $20.21 and a 1-year high of $42.36. The company has a current ratio of 1.51, a quick ratio of 0.70 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $37.58 and a 200 day simple moving average of $36.06. The stock has a market capitalization of $19.74 billion, a PE ratio of 64.80, a P/E/G ratio of 0.72 and a beta of 2.86.

Amer Sports (NYSE:AS) last posted its quarterly earnings results on Tuesday, November 18th. The company reported $0.33 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the firm posted $0.14 earnings per share. The company’s quarterly 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 expect that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AS has been the topic of a number of recent research reports. Zacks Research lowered Amer Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amer Sports in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft set a $49.00 price objective on shares of Amer Sports in a research report on Thursday, January 8th. Wall Street Zen downgraded shares of Amer Sports from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Amer Sports from $53.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, November 17th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $46.06.

About Amer Sports

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).