Healthcare of Ontario Pension Plan Trust Fund Cuts Stock Holdings in Amer Sports, Inc. $AS

Healthcare of Ontario Pension Plan Trust Fund trimmed its holdings in shares of Amer Sports, Inc. (NYSE:AS) by 45.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 536,201 shares of the company’s stock after selling 442,087 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Amer Sports were worth $17,652,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in AS. Kestra Advisory Services LLC bought a new stake in shares of Amer Sports in the 4th quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd increased its position in shares of Amer Sports by 484.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock valued at $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 4th quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock valued at $30,000 after purchasing an additional 742 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in 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 buying an additional 848 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Amer Sports by 174.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock valued at $63,000 after buying an additional 1,011 shares during the period. 40.25% of the stock is owned by institutional investors.

Amer Sports Price Performance

AS opened at $35.21 on Tuesday. The business has a fifty day moving average of $34.98 and a 200 day moving average of $35.63. Amer Sports, Inc. has a 52-week low of $28.92 and a 52-week high of $42.76. 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 stock has a market cap of $19.50 billion, a P/E ratio of 44.01, a PEG ratio of 1.18 and a beta of 2.07.

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. As a group, sell-side analysts anticipate that Amer Sports, Inc. will post 1.22 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on AS shares. Piper Sandler reaffirmed an “overweight” rating and set a $45.00 price objective on shares of Amer Sports in a research note on Monday. UBS Group increased their target price on shares of Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Truist Financial raised their target price on shares of Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft set a $52.00 price target on shares of Amer Sports in a research note on Wednesday, May 20th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Amer Sports in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Amer Sports has a consensus rating of “Buy” and an average target price of $48.70.

Insider Activity at Amer Sports

In related news, CFO Andrew E. Page sold 105,230 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer owned 4,083 shares of the company’s stock, valued at $150,050.25. This trade represents a 96.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Stuart Haselden sold 215,275 shares of Amer Sports stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $35.57, for a total transaction of $7,657,331.75. Following the sale, the chief executive officer owned 215,275 shares of the company’s stock, valued at $7,657,331.75. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 833,580 shares of company stock valued at $29,200,266.

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).