WT Asset Management Ltd Has $88.51 Million Stock Position in Amer Sports, Inc. $AS

WT Asset Management Ltd lessened its stake in shares of Amer Sports, Inc. (NYSE:AS) by 32.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,369,845 shares of the company’s stock after selling 1,129,217 shares during the period. Amer Sports makes up about 3.5% of WT Asset Management Ltd’s holdings, making the stock its 9th largest holding. WT Asset Management Ltd’s holdings in Amer Sports were worth $88,514,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Viking Global Investors LP boosted its stake in shares of Amer Sports by 63.5% during the 3rd quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock worth $220,436,000 after acquiring an additional 2,462,832 shares in the last quarter. Aspex Management HK Ltd bought a new stake in shares of Amer Sports during the 3rd quarter worth about $206,244,000. BNP Paribas Financial Markets boosted its stake in shares of Amer Sports by 57.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,991,563 shares of the company’s stock worth $138,707,000 after acquiring an additional 1,457,951 shares in the last quarter. Candlestick Capital Management LP boosted its stake in shares of Amer Sports by 24.5% during the 3rd quarter. Candlestick Capital Management LP now owns 3,568,381 shares of the company’s stock worth $124,001,000 after acquiring an additional 702,091 shares in the last quarter. Finally, Avala Global LP boosted its stake in shares of Amer Sports by 4.5% during the 3rd quarter. Avala Global LP now owns 3,339,949 shares of the company’s stock worth $116,063,000 after acquiring an additional 142,900 shares in the last quarter. Institutional investors own 40.25% of the company’s stock.

Amer Sports Price Performance

Shares of NYSE:AS opened at $35.81 on Friday. The business has a 50 day moving average price of $35.42 and a 200 day moving average price of $35.47. Amer Sports, Inc. has a twelve month low of $23.27 and a twelve month high of $42.76. The company has a market cap of $19.83 billion, a price-to-earnings ratio of 47.74, a PEG ratio of 1.43 and a beta of 2.81. The company has a quick ratio of 0.76, a current ratio of 1.50 and a debt-to-equity ratio of 0.25.

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. 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 the consensus estimate of $1.99 billion. During the same quarter in the prior year, the company earned $0.17 EPS. The firm’s revenue for the quarter 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. Research analysts predict that Amer Sports, Inc. will post 1.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AS. Truist Financial set a $49.00 price target on Amer Sports in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft set a $49.00 price target on Amer Sports in a research note on Thursday, January 8th. Zacks Research downgraded Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. UBS Group reiterated a “buy” rating on shares of Amer Sports in a research note on Friday, March 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Amer Sports in a research note on Friday, March 27th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $47.12.

Insider Activity at Amer Sports

In related news, CEO Stuart Haselden sold 11,438 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $36.26, for a total transaction of $414,741.88. Following the completion of the sale, the chief executive officer owned 15,275 shares in the company, valued at $553,871.50. This represents a 42.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrew E. Page sold 6,005 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $36.26, for a total value of $217,741.30. Following the sale, the chief financial officer owned 11,828 shares of the company’s stock, valued at approximately $428,883.28. The trade was a 33.67% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 27,125 shares of company stock valued at $956,673.

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).