Owlhouse Capital LP Sells 34,103 Shares of Amer Sports, Inc. $AS

Owlhouse Capital LP cut its stake in shares of Amer Sports, Inc. (NYSE:AS) by 26.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 94,397 shares of the company’s stock after selling 34,103 shares during the period. Amer Sports comprises about 4.1% of Owlhouse Capital LP’s holdings, making the stock its 13th largest position. Owlhouse Capital LP’s holdings in Amer Sports were worth $3,108,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Aspex Management HK Ltd increased its stake in Amer Sports by 27.9% during the 4th quarter. Aspex Management HK Ltd now owns 7,593,627 shares of the company’s stock valued at $283,622,000 after purchasing an additional 1,658,536 shares in the last quarter. Viking Global Investors LP lifted its position in Amer Sports by 63.5% in the 3rd quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock valued at $220,436,000 after acquiring an additional 2,462,832 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in Amer Sports by 1,306.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company’s stock valued at $194,759,000 after purchasing an additional 4,843,742 shares during the last quarter. Avala Global LP boosted its stake in Amer Sports by 38.8% during the 4th quarter. Avala Global LP now owns 4,637,149 shares of the company’s stock valued at $173,198,000 after purchasing an additional 1,297,200 shares during the last quarter. Finally, Morgan Stanley increased its holdings in shares of Amer Sports by 16.0% in the 4th quarter. Morgan Stanley now owns 3,707,204 shares of the company’s stock worth $138,464,000 after purchasing an additional 510,419 shares in the last quarter. Institutional investors own 40.25% of the company’s stock.

Amer Sports Stock Performance

Shares of NYSE AS opened at $34.02 on Monday. Amer Sports, Inc. has a 12-month low of $28.92 and a 12-month high of $42.76. The firm has a market capitalization of $18.84 billion, a price-to-earnings ratio of 42.53, a price-to-earnings-growth ratio of 1.18 and a beta of 2.07. The company has a current ratio of 1.66, a quick ratio of 0.82 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average of $34.94 and a 200 day moving average of $35.66.

Amer Sports (NYSE:AS) last released its quarterly earnings results on Tuesday, May 19th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.07. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.84 billion. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The company’s quarterly revenue was up 32.1% on a year-over-year basis. During the same period last year, the firm earned $0.27 earnings per share. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. On average, research analysts anticipate that Amer Sports, Inc. will post 1.22 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Wen-Chang (Victor) Chen sold 13,075 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $35.62, for a total value of $465,731.50. Following the transaction, the insider owned 149,821 shares of the company’s stock, valued at $5,336,624.02. This trade represents a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $7,657,331.75. Following the transaction, the chief executive officer directly owned 215,275 shares in the company, valued at approximately $7,657,331.75. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 833,580 shares of company stock valued at $29,200,266 over the last three months.

Analysts Set New Price Targets

Several research firms have issued reports on AS. Weiss Ratings restated a “hold (c+)” rating on shares of Amer Sports in a research note on Friday. Truist Financial lifted their target price on shares of Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. UBS Group boosted 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. Deutsche Bank Aktiengesellschaft set a $52.00 price target on Amer Sports in a report on Wednesday, May 20th. Finally, Robert W. Baird set a $51.00 price objective on Amer Sports in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $48.98.

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).