Verition Fund Management LLC Has $17.55 Million Stock Position in Amer Sports, Inc. $AS

Verition Fund Management LLC increased its stake in Amer Sports, Inc. (NYSE:AS) by 27.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 469,922 shares of the company’s stock after buying an additional 100,282 shares during the period. Verition Fund Management LLC’s holdings in Amer Sports were worth $17,552,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Aspex Management HK Ltd lifted its stake in shares of Amer Sports by 27.9% in the fourth quarter. Aspex Management HK Ltd now owns 7,593,627 shares of the company’s stock worth $283,622,000 after acquiring an additional 1,658,536 shares during the period. Viking Global Investors LP lifted its stake in shares of Amer Sports by 63.5% in the third quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock worth $220,436,000 after acquiring an additional 2,462,832 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Amer Sports by 57.5% in the third quarter. BNP Paribas Financial Markets now owns 3,991,563 shares of the company’s stock worth $138,707,000 after acquiring an additional 1,457,951 shares during the period. Morgan Stanley lifted its stake in shares of Amer Sports by 16.0% in the fourth quarter. Morgan Stanley now owns 3,707,204 shares of the company’s stock worth $138,464,000 after acquiring an additional 510,419 shares during the period. Finally, Candlestick Capital Management LP lifted its stake in shares of Amer Sports by 24.5% in the third quarter. Candlestick Capital Management LP now owns 3,568,381 shares of the company’s stock worth $124,001,000 after acquiring an additional 702,091 shares during the period. 40.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on AS. Evercore lifted their target price on Amer Sports from $50.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. UBS Group lifted their target price on Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft set a $52.00 target price on Amer Sports in a report on Wednesday, May 20th. 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. Finally, Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $48.19.

Insider Transactions at Amer Sports

In other news, CFO Andrew E. Page sold 105,230 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $36.75, for a total transaction of $3,867,202.50. Following the completion of the sale, the chief financial officer owned 4,083 shares in the company, valued at $150,050.25. The trade was a 96.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jie (James) Zheng sold 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $34.42, for a total value 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 represents a 28.37% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 860,705 shares of company stock worth $30,156,939.

Amer Sports Trading Up 1.2%

Shares of AS stock opened at $35.90 on Tuesday. The company has a market cap of $19.88 billion, a P/E ratio of 44.88, a PEG ratio of 1.23 and a beta of 2.05. The stock has a 50 day simple moving average of $35.11 and a two-hundred day simple moving average of $36.24. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 1.66. Amer Sports, Inc. has a fifty-two week low of $28.92 and a fifty-two week high of $42.76.

Amer Sports (NYSE:AS) last issued 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. The business 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 firm’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same period 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. Research analysts forecast that Amer Sports, Inc. will post 1.22 earnings per share for the current year.

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).