OPTIMAS CAPITAL Ltd Invests $2.13 Million in Amer Sports, Inc. $AS

OPTIMAS CAPITAL Ltd purchased a new position in Amer Sports, Inc. (NYSE:AS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 55,000 shares of the company’s stock, valued at approximately $2,132,000. Amer Sports makes up about 2.2% of OPTIMAS CAPITAL Ltd’s portfolio, making the stock its 14th biggest holding.

Several other institutional investors have also modified their holdings of AS. Mackenzie Financial Corp increased its stake in shares of Amer Sports by 64.6% during the first quarter. Mackenzie Financial Corp now owns 48,205 shares of the company’s stock worth $1,289,000 after purchasing an additional 18,920 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Amer Sports by 54.8% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 240,438 shares of the company’s stock valued at $6,422,000 after acquiring an additional 85,158 shares during the last quarter. Scotia Capital Inc. lifted its position in shares of Amer Sports by 1.0% in the first quarter. Scotia Capital Inc. now owns 50,841 shares of the company’s stock valued at $1,359,000 after acquiring an additional 488 shares in the last quarter. ING Groep NV acquired a new stake in shares of Amer Sports in the first quarter worth approximately $2,053,000. Finally, West Michigan Advisors LLC acquired a new position in Amer Sports in the 1st quarter valued at $451,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

Amer Sports Price Performance

AS stock opened at $36.62 on Thursday. Amer Sports, Inc. has a 52-week low of $20.21 and a 52-week high of $42.36. The business has a fifty day moving average of $32.85 and a two-hundred day moving average of $35.81. The stock has a market cap of $20.28 billion, a price-to-earnings ratio of 66.58, a price-to-earnings-growth ratio of 1.02 and a beta of 2.97. The company has a quick ratio of 0.70, a current ratio of 1.51 and a debt-to-equity ratio of 0.24.

Amer Sports (NYSE:AS) last announced its quarterly earnings results on Tuesday, November 18th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Amer Sports had a net margin of 5.10% and a return on equity of 8.51%. The business’s revenue for the quarter was up 29.7% on a year-over-year basis. During the same period last year, the business earned $0.14 earnings per share. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. As a group, research analysts anticipate that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AS shares. UBS Group upped their target price on shares of Amer Sports from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Hsbc Global Res upgraded shares of Amer Sports from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 27th. HSBC set a $50.00 target price on Amer Sports and gave the stock a “buy” rating in a report on Tuesday, August 26th. Evercore ISI lifted their price objective on Amer Sports from $43.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 19th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amer Sports in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $44.06.

Amer Sports Profile

Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.