Thornburg Investment Management Inc. Decreases Stock Holdings in Amer Sports, Inc. $AS

Thornburg Investment Management Inc. trimmed its position in shares of Amer Sports, Inc. (NYSE:AS) by 39.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,253 shares of the company’s stock after selling 26,225 shares during the period. Thornburg Investment Management Inc.’s holdings in Amer Sports were worth $1,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in shares of Amer Sports during the 4th quarter worth approximately $764,000. Verition Fund Management LLC raised its holdings in Amer Sports by 27.1% during the 4th quarter. Verition Fund Management LLC now owns 469,922 shares of the company’s stock valued at $17,552,000 after buying an additional 100,282 shares during the period. MML Investors Services LLC purchased a new stake in Amer Sports during the 4th quarter valued at $1,001,000. Mariner LLC raised its holdings in Amer Sports by 42.4% during the 4th quarter. Mariner LLC now owns 10,450 shares of the company’s stock valued at $391,000 after buying an additional 3,109 shares during the period. Finally, Fieldview Capital Management LLC purchased a new stake in Amer Sports during the 4th quarter valued at $458,000. 40.25% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Amer Sports news, insider Wen-Chang (Victor) Chen sold 13,075 shares of the 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 sale, the insider owned 149,821 shares in the company, valued at $5,336,624.02. This trade represents a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stuart Haselden sold 215,275 shares of the 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 completion of the sale, the chief executive officer owned 215,275 shares in the company, valued at approximately $7,657,331.75. The trade was a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 860,705 shares of company stock worth $30,156,939.

Amer Sports Stock Performance

AS stock opened at $35.90 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The business’s fifty day simple moving average is $35.11 and its two-hundred day simple moving average is $36.24. Amer Sports, Inc. has a twelve month low of $28.92 and a twelve month high of $42.76. The firm has a market cap of $19.88 billion, a price-to-earnings ratio of 44.88, a PEG ratio of 1.23 and a beta of 2.05.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AS. Weiss Ratings upgraded Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, April 27th. UBS Group increased their price target on Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft set a $52.00 price target on Amer Sports in a report on Wednesday, May 20th. Truist Financial increased their price target on Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Finally, Robert W. Baird set a $51.00 price target on Amer Sports in a report on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $48.19.

Amer Sports Company 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).