Keystone Investors PTE Ltd. Trims Stake in Amer Sports, Inc. $AS

Keystone Investors PTE Ltd. decreased its stake in shares of Amer Sports, Inc. (NYSE:AS) by 95.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,456 shares of the company’s stock after selling 412,714 shares during the period. Keystone Investors PTE Ltd.’s holdings in Amer Sports were worth $711,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC acquired a new stake in shares of Amer Sports during the first quarter valued at $565,000. Goldman Sachs Group Inc. grew its holdings in shares of Amer Sports by 44.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,173,674 shares of the company’s stock worth $31,372,000 after buying an additional 358,536 shares in the last quarter. Ethic Inc. acquired a new position in shares of Amer Sports in the second quarter valued at approximately $269,000. Amalgamated Bank lifted its stake in shares of Amer Sports by 135.3% during the second quarter. Amalgamated Bank now owns 7,651 shares of the company’s stock valued at $297,000 after buying an additional 4,400 shares during the period. Finally, Eleva Capital SAS purchased a new position in shares of Amer Sports during the second quarter valued at approximately $3,942,000. 40.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AS has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Amer Sports from $53.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, November 17th. Evercore lifted their price objective on Amer Sports from $50.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday. Nomura set a $39.80 target price on Amer Sports and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft set a $49.00 price target on Amer Sports in a report on Thursday, January 8th. Finally, Barclays initiated coverage on shares of Amer Sports in a report on Tuesday, December 9th. They set an “overweight” rating and a $49.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $47.12.

Amer Sports Stock Down 2.2%

Shares of NYSE:AS opened at $37.84 on Friday. The stock has a 50-day simple moving average of $38.13 and a 200-day simple moving average of $36.25. The stock has a market capitalization of $20.96 billion, a P/E ratio of 50.45, a PEG ratio of 1.54 and a beta of 2.86. Amer Sports, Inc. has a 1 year low of $20.21 and a 1 year high of $42.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.70 and a current ratio of 1.50.

Amer Sports (NYSE:AS) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. Amer Sports had a net margin of 6.51% and a return on equity of 9.74%. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the previous year, the company posted $0.17 earnings per share. Amer Sports’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. Equities analysts forecast that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

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).