Fortress Investment Group LLC Has $6.81 Million Holdings in Amer Sports, Inc. $AS

Fortress Investment Group LLC cut its position in shares of Amer Sports, Inc. (NYSE:AS) by 21.2% in the third quarter, Holdings Channel reports. The firm owned 195,821 shares of the company’s stock after selling 52,741 shares during the period. Amer Sports accounts for 0.9% of Fortress Investment Group LLC’s investment portfolio, making the stock its 23rd largest holding. Fortress Investment Group LLC’s holdings in Amer Sports were worth $6,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in AS. Aspex Management HK Ltd bought a new stake in shares of Amer Sports in the 3rd quarter valued at approximately $206,244,000. Scopus Asset Management L.P. bought a new position in Amer Sports during the second quarter valued at approximately $108,562,000. Viking Global Investors LP raised its position in Amer Sports by 63.5% during the third 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. WT Asset Management Ltd lifted its stake in Amer Sports by 221.5% in the third quarter. WT Asset Management Ltd now owns 3,499,062 shares of the company’s stock valued at $121,592,000 after acquiring an additional 2,410,861 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in Amer Sports by 139.9% in the second quarter. Qube Research & Technologies Ltd now owns 3,887,480 shares of the company’s stock valued at $150,679,000 after acquiring an additional 2,267,066 shares during the last quarter. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Amer Sports Trading Down 0.1%

Amer Sports stock opened at $32.32 on Monday. Amer Sports, Inc. has a 52 week low of $20.21 and a 52 week high of $42.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.76 and a current ratio of 1.50. The firm has a market capitalization of $17.90 billion, a PE ratio of 43.10, a PEG ratio of 1.29 and a beta of 2.80. The business’s 50-day simple moving average is $37.53 and its 200-day simple moving average is $35.94.

Amer Sports (NYSE:AS) last announced its earnings results on Tuesday, February 24th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $1.99 billion. Amer Sports had a return on equity of 9.74% and a net margin of 6.51%.The firm’s revenue for the quarter was up 28.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 EPS. 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 research analysts forecast that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AS shares. Evercore increased their price target on shares of Amer Sports from $50.00 to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amer Sports in a research note on Monday, December 29th. JPMorgan Chase & Co. decreased their price objective on shares of Amer Sports from $53.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, November 17th. Deutsche Bank Aktiengesellschaft set a $49.00 target price on shares of Amer Sports in a research report on Thursday, January 8th. Finally, Wells Fargo & Company upped their target price on Amer Sports from $40.00 to $45.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $47.12.

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).