Amer Sports, Inc. $AS Holdings Raised by Magnetar Financial LLC

Magnetar Financial LLC increased its stake in Amer Sports, Inc. (NYSE:AS) by 379.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,933 shares of the company’s stock after purchasing an additional 103,609 shares during the quarter. Magnetar Financial LLC’s holdings in Amer Sports were worth $4,550,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AS. SBI Securities Co. Ltd. raised its position in shares of Amer Sports by 146.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock worth $35,000 after buying an additional 533 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of Amer Sports by 2.0% in 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. Mitchell Capital Management Co. raised its stake in shares of Amer Sports by 1.3% in the 3rd quarter. Mitchell Capital Management Co. now owns 60,188 shares of the company’s stock worth $2,092,000 after buying an additional 799 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Amer Sports by 241.6% in the third quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock valued at $42,000 after buying an additional 848 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Amer Sports by 174.3% in the second quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock valued at $63,000 after buying an additional 1,011 shares during the period. Institutional investors own 40.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AS. Zacks Research lowered shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a report on Friday, February 20th. UBS Group raised their target price on shares of Amer Sports from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Barclays began coverage on Amer Sports in a research report on Tuesday, December 9th. They set an “overweight” rating and a $49.00 target price on the stock. Finally, Nomura set a $39.80 price target on Amer Sports and gave the company a “buy” rating in a research report on Tuesday, November 18th. Two 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 company presently has an average rating of “Buy” and an average target price of $47.12.

Amer Sports Trading Down 3.8%

NYSE AS opened at $33.37 on Thursday. The company has a current ratio of 1.50, a quick ratio of 0.76 and a debt-to-equity ratio of 0.25. Amer Sports, Inc. has a 1-year low of $20.21 and a 1-year high of $42.76. The firm’s fifty day simple moving average is $37.73 and its 200-day simple moving average is $36.09. The company has a market capitalization of $18.48 billion, a PE ratio of 44.49, a price-to-earnings-growth ratio of 1.37 and a beta of 2.80.

Amer Sports (NYSE:AS) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. Amer Sports had a return on equity of 9.74% and a net margin of 6.51%.The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter last year, the firm earned $0.17 earnings per share. The business’s revenue for the quarter was up 28.5% on a year-over-year basis. 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. As a group, sell-side analysts anticipate that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Amer Sports 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).