Ghisallo Capital Management LLC Sells 500,000 Shares of Amer Sports, Inc. $AS

Ghisallo Capital Management LLC reduced its stake in shares of Amer Sports, Inc. (NYSE:AS) by 50.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 500,000 shares of the company’s stock after selling 500,000 shares during the quarter. Ghisallo Capital Management LLC owned 0.09% of Amer Sports worth $17,375,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. SBI Securities Co. Ltd. lifted its position in Amer Sports by 146.4% during the second quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock worth $35,000 after purchasing an additional 533 shares during the period. Financial Consulate Inc. bought a new position in Amer Sports in the 3rd quarter valued at about $40,000. PNC Financial Services Group Inc. increased its holdings 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 valued at $42,000 after buying an additional 848 shares during the period. Pacer Advisors Inc. acquired a new position in shares of Amer Sports in the 3rd quarter valued at approximately $44,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of 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. Institutional investors own 40.25% of the company’s stock.

Amer Sports Trading Down 0.1%

NYSE AS opened at $32.32 on Friday. The firm has a market capitalization of $17.90 billion, a PE ratio of 43.10, a price-to-earnings-growth ratio of 1.29 and a beta of 2.80. The business’s 50-day moving average price is $37.53 and its two-hundred day moving average price is $36.01. The company has a current ratio of 1.50, a quick ratio of 0.76 and a debt-to-equity ratio of 0.25. Amer Sports, Inc. has a 12 month low of $20.21 and a 12 month high of $42.76.

Amer Sports (NYSE:AS) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. Amer Sports had a return on equity of 9.74% and a net margin of 6.51%.The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the company earned $0.17 earnings per share. The firm’s revenue was up 28.5% compared to the same quarter last year. Amer Sports has set its FY 2026 guidance at 1.100-1.150 EPS and its Q1 2026 guidance at 0.280-0.300 EPS. On average, analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Truist Financial set a $49.00 price target on shares of Amer Sports in a research report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft set a $49.00 price objective on shares of Amer Sports in a research report on Thursday, January 8th. JPMorgan Chase & Co. cut their target price on Amer Sports from $53.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, November 17th. UBS Group reaffirmed a “buy” rating on shares of Amer Sports in a report on Friday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Amer Sports in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $47.12.

About Amer Sports

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).