Amer Sports, Inc. $AS Shares Purchased by Capricorn Fund Managers Ltd

Capricorn Fund Managers Ltd lifted its position in Amer Sports, Inc. (NYSE:AS) by 711.4% in the first quarter, HoldingsChannel reports. The firm owned 185,000 shares of the company’s stock after buying an additional 162,200 shares during the period. Capricorn Fund Managers Ltd’s holdings in Amer Sports were worth $6,090,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aspex Management HK Ltd acquired a new position in Amer Sports in the 3rd quarter valued at about $206,244,000. Artisan Partners Limited Partnership increased its holdings in shares of Amer Sports by 1,306.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company’s stock worth $194,759,000 after buying an additional 4,843,742 shares during the last quarter. Scopus Asset Management L.P. acquired a new stake in shares of Amer Sports during the 2nd quarter worth approximately $108,562,000. Viking Global Investors LP raised its position in shares of Amer Sports by 63.5% during the 3rd quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock valued at $220,436,000 after buying an additional 2,462,832 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Amer Sports during the 2nd quarter valued at approximately $87,287,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Amer Sports Stock Performance

Shares of AS stock opened at $33.88 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 1.66. The firm has a market cap of $18.76 billion, a P/E ratio of 42.35, a P/E/G ratio of 1.16 and a beta of 2.05. The firm’s 50 day moving average price is $35.09 and its 200-day moving average price is $36.08. Amer Sports, Inc. has a one year low of $28.92 and a one year high of $42.76.

Amer Sports (NYSE:AS) last posted its earnings results on Tuesday, May 19th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.07. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.84 billion. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The firm’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 EPS. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. As a group, equities research analysts predict that Amer Sports, Inc. will post 1.22 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Weiss Ratings upgraded Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Deutsche Bank Aktiengesellschaft set a $52.00 target price on Amer Sports in a research report on Wednesday, May 20th. Truist Financial upped their price target on Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. UBS Group increased their price target on Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Finally, Robert W. Baird set a $51.00 price objective on Amer Sports in a research report on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $48.70.

Insider Transactions at Amer Sports

In other news, insider Wen-Chang (Victor) Chen sold 13,075 shares of Amer Sports stock in a transaction on Monday, June 1st. The stock was sold at an average price of $35.62, for a total value of $465,731.50. Following the completion of the sale, the insider directly owned 149,821 shares of the company’s stock, valued at approximately $5,336,624.02. The trade was a 8.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jie (James) Zheng sold 500,000 shares of Amer Sports stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $34.42, for a total value of $17,210,000.00. Following the completion of the sale, the chief executive officer directly owned 1,262,385 shares of the company’s stock, valued at $43,451,291.70. The trade was a 28.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 860,705 shares of company stock valued at $30,156,939.

Amer Sports 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).