Hsbc Holdings PLC Cuts Position in Amer Sports, Inc. $AS

Hsbc Holdings PLC trimmed its position in shares of Amer Sports, Inc. (NYSE:AS) by 94.0% during the fourth quarter, Holdings Channel reports. The firm owned 12,621 shares of the company’s stock after selling 198,418 shares during the quarter. Hsbc Holdings PLC’s holdings in Amer Sports were worth $469,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Amer Sports by 9.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 684,783 shares of the company’s stock valued at $23,796,000 after buying an additional 58,350 shares during the period. Polar Asset Management Partners Inc. acquired a new position in Amer Sports during the 3rd quarter worth about $2,519,000. Massachusetts Financial Services Co. MA boosted its holdings in Amer Sports by 130.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,015,491 shares of the company’s stock valued at $112,629,000 after acquiring an additional 1,705,944 shares during the period. Wakefield Asset Management LLLP purchased a new position in Amer Sports during the 4th quarter valued at about $3,927,000. Finally, Ogborne Capital Management LLC acquired a new position in Amer Sports in the 4th quarter valued at about $22,257,000. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Amer Sports Stock Performance

NYSE:AS opened at $35.99 on Friday. Amer Sports, Inc. has a 12 month low of $28.92 and a 12 month high of $42.76. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 0.82. The firm has a market capitalization of $19.93 billion, a PE ratio of 44.99, a price-to-earnings-growth ratio of 1.24 and a beta of 2.07. The business’s fifty day moving average price is $34.82 and its 200 day moving average price is $35.77.

Amer Sports (NYSE:AS) last announced its quarterly earnings results on Tuesday, May 19th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. The company 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%.Amer Sports’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 EPS. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. On average, sell-side analysts anticipate that Amer Sports, Inc. will post 1.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jie (James) Zheng sold 500,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wen-Chang (Victor) Chen sold 13,075 shares of the business’s 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 sale, the insider owned 149,821 shares of the company’s stock, valued at approximately $5,336,624.02. The trade was a 8.03% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 833,580 shares of company stock worth $29,200,266.

Analyst Ratings Changes

A number of brokerages have issued reports on AS. Deutsche Bank Aktiengesellschaft set a $52.00 price target on shares of Amer Sports in a research note on Wednesday, May 20th. Weiss Ratings raised shares of Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, April 27th. Robert W. Baird set a $51.00 price objective on shares of Amer Sports in a report on Wednesday, May 20th. UBS Group upped their target price on shares of Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Finally, Truist Financial increased 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. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $48.70.

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).