Sculptor Capital LP Purchases Shares of 223,214 Amer Sports, Inc. $AS

Sculptor Capital LP purchased a new position in Amer Sports, Inc. (NYSE:AS) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 223,214 shares of the company’s stock, valued at approximately $7,348,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Kestra Advisory Services LLC purchased a new stake in shares of Amer Sports during the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd increased its position in shares of Amer Sports by 484.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock valued at $29,000 after acquiring an additional 703 shares during the period. Rockefeller Capital Management L.P. raised its stake in Amer Sports by 1,030.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock worth $30,000 after acquiring an additional 742 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Amer Sports by 241.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock worth $42,000 after acquiring an additional 848 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Amer Sports by 174.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock worth $63,000 after acquiring an additional 1,011 shares during the period. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Stuart Haselden sold 215,275 shares of the company’s stock in a transaction dated 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Wen-Chang (Victor) Chen sold 13,075 shares of the stock in a transaction that occurred 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 transaction, the insider owned 149,821 shares in the company, valued at $5,336,624.02. This represents a 8.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 833,580 shares of company stock worth $29,200,266 in the last 90 days.

Analyst Ratings Changes

AS has been the topic of several research analyst reports. UBS Group boosted their price target on Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Amer Sports in a research note on Friday. Truist Financial lifted their target price on Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Robert W. Baird set a $51.00 target price on Amer Sports in a research report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft set a $52.00 price target on shares of Amer Sports in a research report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Amer Sports has a consensus rating of “Buy” and a consensus price target of $48.98.

Amer Sports Stock Up 0.3%

AS opened at $34.02 on Monday. Amer Sports, Inc. has a fifty-two week low of $28.92 and a fifty-two week high of $42.76. 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 company has a fifty day moving average of $34.94 and a two-hundred day moving average of $35.66. The stock has a market capitalization of $18.84 billion, a price-to-earnings ratio of 42.53, a PEG ratio of 1.18 and a beta of 2.07.

Amer Sports (NYSE:AS) last posted 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 business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the company posted $0.27 EPS. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. On average, research analysts expect that Amer Sports, Inc. will post 1.22 earnings per share for the current year.

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).