Engineers Gate Manager LP Reduces Holdings in Amer Sports, Inc. $AS

Engineers Gate Manager LP lowered its stake in shares of Amer Sports, Inc. (NYSE:AS) by 26.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 636,241 shares of the company’s stock after selling 225,603 shares during the quarter. Engineers Gate Manager LP’s holdings in Amer Sports were worth $21,530,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AS. EverSource Wealth Advisors LLC grew its position in Amer Sports by 84.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock worth $25,000 after purchasing an additional 348 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Amer Sports by 10.6% during the second quarter. GAMMA Investing LLC now owns 4,223 shares of the company’s stock valued at $143,000 after buying an additional 405 shares during the last quarter. Federation des caisses Desjardins du Quebec increased its position in shares of Amer Sports by 10.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,466 shares of the company’s stock valued at $167,000 after acquiring an additional 405 shares during the period. TD Waterhouse Canada Inc. increased its position in shares of Amer Sports by 14.9% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 3,329 shares of the company’s stock valued at $114,000 after acquiring an additional 432 shares during the period. Finally, Mackenzie Financial Corp raised its stake in Amer Sports by 1.1% in the 3rd quarter. Mackenzie Financial Corp now owns 48,745 shares of the company’s stock worth $1,694,000 after acquiring an additional 540 shares during the last quarter. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Amer Sports Price Performance

NYSE:AS opened at $27.77 on Thursday. Amer Sports, Inc. has a one year low of $27.71 and a one year high of $42.76. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.80 and a current ratio of 1.76. The firm has a market cap of $15.38 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 0.92 and a beta of 1.99. The firm’s fifty day moving average is $33.49 and its two-hundred day moving average is $34.44.

Amer Sports (NYSE:AS) last released its quarterly earnings data on Tuesday, August 18th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. Amer Sports had a return on equity of 11.18% and a net margin of 7.35%.The company’s revenue was up 32.1% on a year-over-year basis. During the same quarter last year, the business posted $0.03 EPS. Amer Sports has set its FY 2026 guidance at 1.270-1.300 EPS and its Q3 2026 guidance at 0.310-0.330 EPS. Research analysts expect that Amer Sports, Inc. will post 1.29 EPS for the current year.

Insider Buying and Selling

In related news, CFO Andrew Page sold 2,022 shares of Amer Sports stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $28.63, for a total transaction of $57,889.86. Following the completion of the transaction, the chief financial officer directly owned 6,575 shares in the company, valued at approximately $188,242.25. This trade represents a 23.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Wall Street Analyst Weigh In

A number of analysts have commented on AS shares. Robert W. Baird set a $51.00 price target on Amer Sports in a research report on Wednesday, May 20th. Truist Financial cut their price objective on Amer Sports from $50.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Amer Sports in a report on Wednesday, August 19th. BMO Capital Markets assumed coverage on Amer Sports in a research report on Tuesday. They issued an “outperform” rating and a $38.00 target price on the stock. Finally, UBS Group reiterated a “buy” rating on shares of Amer Sports in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.34.

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).