Pinnbrook Capital Management LP Buys New Stake in Amer Sports, Inc. $AS

Pinnbrook Capital Management LP bought a new stake in shares of Amer Sports, Inc. (NYSE:AS) during the 4th quarter, Holdings Channel.com reports. The firm bought 41,476 shares of the company’s stock, valued at approximately $1,549,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Viking Global Investors LP lifted its holdings in shares of Amer Sports by 63.5% during the 3rd quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock valued at $220,436,000 after acquiring an additional 2,462,832 shares in the last quarter. Aspex Management HK Ltd acquired a new position in shares of Amer Sports during the 3rd quarter valued at $206,244,000. BNP Paribas Financial Markets lifted its holdings in shares of Amer Sports by 57.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,991,563 shares of the company’s stock valued at $138,707,000 after acquiring an additional 1,457,951 shares in the last quarter. Candlestick Capital Management LP lifted its holdings in shares of Amer Sports by 24.5% during the 3rd quarter. Candlestick Capital Management LP now owns 3,568,381 shares of the company’s stock valued at $124,001,000 after acquiring an additional 702,091 shares in the last quarter. Finally, WT Asset Management Ltd lifted its holdings in shares of Amer Sports by 221.5% during the 3rd quarter. WT Asset Management Ltd now owns 3,499,062 shares of the company’s stock valued at $121,592,000 after acquiring an additional 2,410,861 shares in the last quarter. Institutional investors and hedge funds own 40.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AS. UBS Group lifted their target price on shares of Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday. Evercore boosted their price objective on shares of Amer Sports from $50.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Robert W. Baird set a $51.00 price objective on shares of Amer Sports in a report on Wednesday. Truist Financial boosted their price objective on shares of Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a report on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $48.19.

Insider Activity

In other news, CFO Andrew E. Page sold 6,005 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $36.26, for a total value of $217,741.30. Following the completion of the sale, the chief financial officer owned 11,828 shares of the company’s stock, valued at approximately $428,883.28. The trade was a 33.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Stuart Haselden sold 11,438 shares of the business’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $36.26, for a total transaction of $414,741.88. Following the completion of the sale, the chief executive officer directly owned 15,275 shares of the company’s stock, valued at $553,871.50. The trade was a 42.82% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 27,125 shares of company stock valued at $956,673 in the last three months.

Amer Sports Stock Performance

Shares of AS stock opened at $35.31 on Friday. Amer Sports, Inc. has a 12 month low of $28.92 and a 12 month high of $42.76. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 0.76. The firm has a market capitalization of $19.56 billion, a P/E ratio of 44.14, a P/E/G ratio of 1.37 and a beta of 2.16. The company’s fifty day moving average price is $34.24 and its two-hundred day moving average price is $35.86.

Amer Sports (NYSE:AS) last issued its quarterly earnings data on Tuesday, May 19th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the business posted $0.27 EPS. The firm’s revenue 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, research analysts anticipate that Amer Sports, Inc. will post 1.22 earnings per share for the current fiscal year.

About Amer Sports

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).