United Asset Strategies Inc. Acquires New Stake in Amer Sports, Inc. $AS

United Asset Strategies Inc. bought a new stake in shares of Amer Sports, Inc. (NYSE:AS) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 18,697 shares of the company’s stock, valued at approximately $616,000.

A number of other hedge funds have also recently made changes to their positions in AS. Kestra Advisory Services LLC purchased a new stake in shares of Amer Sports in the 4th quarter worth $27,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Amer Sports by 484.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock valued at $29,000 after buying an additional 703 shares during the period. Rockefeller Capital Management L.P. raised its holdings in shares of Amer Sports by 1,030.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock valued at $30,000 after acquiring an additional 742 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Amer Sports by 241.6% in the third quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock valued at $42,000 after acquiring an additional 848 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Amer Sports by 174.3% in the second quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock worth $63,000 after acquiring an additional 1,011 shares during the period. 40.25% of the stock is currently owned by institutional investors.

Insider Activity at Amer Sports

In other Amer Sports news, CEO Stuart Haselden sold 215,275 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $35.57, for a total transaction of $7,657,331.75. Following the completion of the sale, the chief executive officer directly owned 215,275 shares in the company, valued at approximately $7,657,331.75. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Wen-Chang (Victor) Chen sold 13,075 shares of the company’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 of the company’s stock, valued at $5,336,624.02. The trade was a 8.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 851,685 shares of company stock worth $29,856,753 over the last three months.

Wall Street Analyst Weigh In

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

Amer Sports Price Performance

Shares of NYSE AS opened at $34.04 on Wednesday. Amer Sports, Inc. has a 52 week low of $28.92 and a 52 week high of $42.76. The business’s 50 day moving average price is $34.94 and its 200 day moving average price is $35.94. The company has a quick ratio of 0.82, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The firm has a market cap of $18.85 billion, a P/E ratio of 42.55, a P/E/G ratio of 1.21 and a beta of 2.07.

Amer Sports (NYSE:AS) last announced its quarterly earnings results on Tuesday, May 19th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.07. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the firm earned $0.27 EPS. The firm’s revenue for the quarter was up 32.1% compared to the same quarter last year. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. On average, sell-side analysts expect that Amer Sports, Inc. will post 1.22 earnings per share for the current year.

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).