Ogborne Capital Management LLC Makes New $22.26 Million Investment in Amer Sports, Inc. $AS

Ogborne Capital Management LLC acquired a new position in shares of Amer Sports, Inc. (NYSE:AS) in the 4th quarter, HoldingsChannel reports. The firm acquired 595,894 shares of the company’s stock, valued at approximately $22,257,000. Amer Sports makes up approximately 7.0% of Ogborne Capital Management LLC’s holdings, making the stock its 6th largest position.

Several other large investors also recently bought and sold shares of the company. Federation des caisses Desjardins du Quebec increased its stake in Amer Sports by 10.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,466 shares of the company’s stock worth $167,000 after buying an additional 405 shares in the last quarter. Choreo LLC increased its stake in Amer Sports by 4.9% during the 4th quarter. Choreo LLC now owns 9,387 shares of the company’s stock worth $354,000 after buying an additional 437 shares in the last quarter. Mackenzie Financial Corp increased its stake in Amer Sports by 1.1% during the 3rd quarter. Mackenzie Financial Corp now owns 48,745 shares of the company’s stock worth $1,694,000 after buying an additional 540 shares in the last quarter. Handelsbanken Fonder AB increased its stake in Amer Sports by 2.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 35,300 shares of the company’s stock worth $1,227,000 after buying an additional 700 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in Amer Sports by 484.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock worth $29,000 after buying an additional 703 shares in the last quarter. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Amer Sports Trading Up 1.2%

AS opened at $35.90 on Tuesday. Amer Sports, Inc. has a one year low of $28.92 and a one year high of $42.76. The stock has a market capitalization of $19.88 billion, a PE ratio of 44.88, a P/E/G ratio of 1.23 and a beta of 2.05. The business’s 50 day moving average price is $35.11 and its 200 day moving average price is $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 (NYSE:AS) last released its quarterly earnings data on Tuesday, May 19th. The company reported $0.38 EPS for the quarter, beating 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 firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the firm posted $0.27 earnings per share. The firm’s quarterly revenue was up 32.1% on a year-over-year basis. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. As a group, equities research analysts expect that Amer Sports, Inc. will post 1.22 EPS for the current year.

Insider Transactions at Amer Sports

In other Amer Sports news, CFO Andrew E. Page sold 105,230 shares of the company’s stock in a transaction 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 transaction, the chief financial officer directly owned 4,083 shares in the company, valued at $150,050.25. This represents a 96.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stuart Haselden sold 215,275 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $35.57, for a total value of $7,657,331.75. Following the transaction, the chief executive officer owned 215,275 shares in the company, valued at $7,657,331.75. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 860,705 shares of company stock valued at $30,156,939 over the last three months.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Robert W. Baird set a $51.00 target price on Amer Sports in a report on Wednesday, May 20th. Truist Financial boosted 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. Evercore boosted 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. Deutsche Bank Aktiengesellschaft set a $52.00 target price on Amer Sports in a report on Wednesday, May 20th. Finally, UBS Group boosted 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. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $48.19.

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).