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 first quarter, Holdings Channel reports. The institutional investor owned 1,244,905 shares of the company’s stock after selling 232,705 shares during the quarter. Sei Investments Co.’s holdings in Amer Sports were worth $40,982,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new stake in Amer Sports during the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd grew its holdings in Amer Sports by 484.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock worth $29,000 after purchasing an additional 703 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Amer Sports by 1,030.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock worth $30,000 after purchasing an additional 742 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Amer Sports by 241.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock valued at $42,000 after purchasing an additional 848 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Amer Sports by 174.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock worth $63,000 after purchasing an additional 1,011 shares in the last quarter. Institutional investors own 40.25% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on AS shares. Deutsche Bank Aktiengesellschaft set a $52.00 target price on Amer Sports in a research report on Wednesday, May 20th. UBS Group boosted their price target on Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Truist Financial upped 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 upgraded shares of Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, April 27th. Finally, Robert W. Baird set a $51.00 target price on shares of Amer Sports in a research report on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Amer Sports presently has a consensus rating of “Buy” and a consensus target price of $48.98.

Amer Sports Stock Up 0.3%

Shares of AS stock 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 firm has a market capitalization of $18.84 billion, a PE ratio of 42.53, a P/E/G ratio of 1.18 and a beta of 2.07. 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 stock’s 50-day simple moving average is $34.94 and its 200-day simple moving average is $35.66.

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

Insider Buying and Selling at Amer Sports

In other news, CEO Stuart Haselden sold 215,275 shares of the stock in a transaction on Monday, June 1st. The shares were 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 in the company, valued at $7,657,331.75. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jie (James) Zheng sold 500,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $34.42, for a total transaction of $17,210,000.00. Following the transaction, the chief executive officer directly owned 1,262,385 shares of the company’s stock, valued at approximately $43,451,291.70. This trade represents a 28.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 833,580 shares of company stock valued at $29,200,266.

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).