Amer Sports, Inc. $AS is Oxbow Capital Management HK Ltd’s 8th Largest Position

Oxbow Capital Management HK Ltd reduced its stake in shares of Amer Sports, Inc. (NYSE:AS) by 19.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,170,000 shares of the company’s stock after selling 286,902 shares during the quarter. Amer Sports comprises approximately 7.1% of Oxbow Capital Management HK Ltd’s portfolio, making the stock its 8th largest holding. Oxbow Capital Management HK Ltd’s holdings in Amer Sports were worth $40,658,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC purchased a new stake in Amer Sports in the 3rd quarter worth approximately $1,477,000. Fortress Investment Group LLC acquired a new stake in shares of Amer Sports during the 2nd quarter valued at $9,634,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Amer Sports during the 3rd quarter valued at $45,507,000. JPMorgan Chase & Co. grew its holdings in shares of Amer Sports by 9.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 684,783 shares of the company’s stock valued at $23,796,000 after acquiring an additional 58,350 shares in the last quarter. Finally, Navellier & Associates Inc. acquired a new position in shares of Amer Sports in the third quarter worth $4,218,000. 40.25% of the stock is owned by hedge funds and other institutional investors.

Amer Sports Stock Down 0.1%

AS stock opened at $32.32 on Friday. 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 company has a fifty day simple moving average of $37.53 and a 200 day simple moving average of $36.01. The firm has a market cap of $17.90 billion, a PE ratio of 43.10, a PEG ratio of 1.29 and a beta of 2.80.

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

Wall Street Analyst Weigh In

AS has been the subject of several recent research reports. Wells Fargo & Company increased their price objective on Amer Sports from $40.00 to $45.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Weiss Ratings restated a “hold (c)” rating on shares of Amer Sports in a research note on Monday, December 29th. Piper Sandler reaffirmed an “overweight” rating on shares of Amer Sports in a research report on Friday, February 20th. Evercore raised their price target on Amer Sports from $50.00 to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. Finally, Truist Financial set a $49.00 price target on Amer Sports in a report on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $47.12.

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).