Sei Investments Co. Sells 232,705 Shares of Amer Sports, Inc. $AS

Sei Investments Co. lowered its position in Amer Sports, Inc. (NYSE:AS) by 15.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,244,905 shares of the company’s stock after selling 232,705 shares during the quarter. Sei Investments Co. owned about 0.22% of Amer Sports worth $40,982,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AS. Massachusetts Financial Services Co. MA lifted its stake in Amer Sports by 130.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,015,491 shares of the company’s stock worth $112,629,000 after purchasing an additional 1,705,944 shares during the last quarter. Wakefield Asset Management LLLP bought a new stake in shares of Amer Sports during the 4th quarter worth approximately $3,927,000. Ogborne Capital Management LLC bought a new stake in shares of Amer Sports during the 4th quarter worth approximately $22,257,000. Norges Bank purchased a new position in Amer Sports during the 4th quarter valued at $70,055,000. Finally, Legal & General Group Plc boosted its holdings in Amer Sports by 670.1% during the 4th quarter. Legal & General Group Plc now owns 118,455 shares of the company’s stock valued at $4,424,000 after acquiring an additional 103,074 shares during the period. Institutional investors own 40.25% of the company’s stock.

Insider Buying and Selling at Amer Sports

In related news, CFO Andrew E. Page sold 105,230 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $36.75, for a total value of $3,867,202.50. Following the completion of the transaction, the chief financial officer owned 4,083 shares of the company’s stock, valued at $150,050.25. The trade was a 96.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Stuart Haselden sold 215,275 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $35.57, for a total value of $7,657,331.75. Following the sale, the chief executive officer owned 215,275 shares of the company’s stock, valued at approximately $7,657,331.75. This represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 833,580 shares of company stock valued at $29,200,266 in the last ninety days.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AS shares. Deutsche Bank Aktiengesellschaft set a $52.00 target price on shares of Amer Sports in a research note on Wednesday, May 20th. Truist Financial lifted their price objective on shares of Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Weiss Ratings raised shares of Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, April 27th. Robert W. Baird set a $51.00 target price on shares of Amer Sports in a research note on Wednesday, May 20th. Finally, UBS Group raised their target price on shares of Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $48.98.

Amer Sports Stock Performance

AS stock opened at $34.02 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 0.82. The business has a 50-day moving average price of $34.94 and a 200 day moving average price of $35.66. The company has a market capitalization of $18.84 billion, a P/E ratio of 42.53, a PEG ratio of 1.18 and a beta of 2.07. Amer Sports, Inc. has a 1-year low of $28.92 and a 1-year high of $42.76.

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

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).