Pinnbrook Capital Management LP Purchases Shares of 232,743 Amer Sports, Inc. $AS

Pinnbrook Capital Management LP purchased a new stake in shares of Amer Sports, Inc. (NYSE:AS) in the 2nd quarter, Holdings Channel reports. The fund purchased 232,743 shares of the company’s stock, valued at approximately $9,021,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. SBI Securities Co. Ltd. grew its position in Amer Sports by 146.4% during the second quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock valued at $35,000 after buying an additional 533 shares during the period. Quarry LP bought a new position in Amer Sports in the first quarter worth approximately $34,000. GAMMA Investing LLC boosted its stake in shares of Amer Sports by 17.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,614 shares of the company’s stock worth $101,000 after acquiring an additional 387 shares during the last quarter. Colonial Trust Advisors purchased a new position in shares of Amer Sports during the 1st quarter worth $93,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Amer Sports during the 2nd quarter valued at $189,000. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Amer Sports Stock Up 0.1%

Shares of AS opened at $30.45 on Friday. The business’s 50 day moving average is $33.21 and its 200 day moving average is $35.24. The company has a current ratio of 1.60, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. Amer Sports, Inc. has a 12-month low of $18.56 and a 12-month high of $42.36. The company has a market capitalization of $16.87 billion, a PE ratio of 74.28, a price-to-earnings-growth ratio of 0.97 and a beta of 2.97.

Amer Sports (NYSE:AS) last posted its quarterly earnings results on Tuesday, August 19th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. Amer Sports had a return on equity of 6.87% and a net margin of 3.93%.The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the company posted $0.05 EPS. The firm’s revenue for the quarter was up 23.4% compared to the same quarter last year. Amer Sports has set its FY 2025 guidance at 0.770-0.820 EPS. Q3 2025 guidance at 0.200-0.220 EPS. Research analysts expect that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

AS has been the topic of a number of recent research reports. UBS Group raised their target price on Amer Sports from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Zacks Research raised Amer Sports from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Truist Financial started coverage on Amer Sports in a research report on Monday, October 27th. They set a “buy” rating and a $42.00 price objective on the stock. HSBC set a $50.00 target price on shares of Amer Sports and gave the stock a “buy” rating in a report on Tuesday, August 26th. Finally, The Goldman Sachs Group lifted their price target on shares of Amer Sports from $44.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $43.39.

About Amer Sports

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.