WCM Investment Management LLC Lowers Stock Position in Amer Sports, Inc. $AS

WCM Investment Management LLC trimmed its holdings in Amer Sports, Inc. (NYSE:AS) by 29.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 137,320 shares of the company’s stock after selling 58,528 shares during the quarter. WCM Investment Management LLC’s holdings in Amer Sports were worth $4,258,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. 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 worth $194,759,000 after purchasing an additional 4,843,742 shares during the period. Scopus Asset Management L.P. acquired a new position in Amer Sports in the second quarter valued at $108,562,000. Viking Global Investors LP raised its holdings in shares of Amer Sports by 63.5% in the third quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock valued at $220,436,000 after buying an additional 2,462,832 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Amer Sports in the second quarter valued at about $87,287,000. Finally, Squarepoint Ops LLC boosted its stake in shares of Amer Sports by 5,847.1% during the fourth quarter. Squarepoint Ops LLC now owns 1,986,102 shares of the company’s stock worth $74,181,000 after buying an additional 1,952,706 shares during the period. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Analyst Upgrades and Downgrades

AS has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft set a $52.00 target price on Amer Sports in a research note on Wednesday, May 20th. Weiss Ratings raised Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Robert W. Baird set a $51.00 price target on Amer Sports in a research note on Wednesday, May 20th. UBS Group upped their price objective on Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Finally, Truist Financial increased their price objective on Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Amer Sports has an average rating of “Buy” and an average price target of $48.70.

Amer Sports Trading Down 0.5%

Shares of AS opened at $36.27 on Tuesday. Amer Sports, Inc. has a twelve month low of $28.92 and a twelve month high of $42.76. 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 market capitalization of $20.09 billion, a P/E ratio of 45.34, a PEG ratio of 1.27 and a beta of 2.07. The firm’s 50-day moving average is $34.87 and its two-hundred day moving average is $35.75.

Amer Sports (NYSE:AS) last posted its quarterly earnings results on Tuesday, May 19th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. The company had revenue of $1.95 billion during 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 revenue for the quarter was up 32.1% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. On average, research analysts predict that Amer Sports, Inc. will post 1.22 earnings per share for the current fiscal year.

Insider Transactions at Amer Sports

In other Amer Sports news, insider Wen-Chang (Victor) Chen sold 13,075 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $35.62, for a total transaction of $465,731.50. Following the sale, the insider directly owned 149,821 shares in the company, valued at approximately $5,336,624.02. The trade was a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jie (James) Zheng sold 500,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $34.42, for a total value of $17,210,000.00. Following the completion of the sale, the chief executive officer directly owned 1,262,385 shares in the company, valued at $43,451,291.70. This trade represents a 28.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 833,580 shares of company stock valued at $29,200,266.

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).