China Universal Asset Management Co. Ltd. Sells 28,161 Shares of Amer Sports, Inc. $AS

China Universal Asset Management Co. Ltd. lowered its holdings in Amer Sports, Inc. (NYSE:AS) by 25.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,140 shares of the company’s stock after selling 28,161 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in Amer Sports were worth $3,261,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AS. GAMMA Investing LLC grew its position in Amer Sports by 17.4% during the second quarter. GAMMA Investing LLC now owns 2,614 shares of the company’s stock valued at $101,000 after buying an additional 387 shares during the period. SBI Securities Co. Ltd. boosted its stake in Amer Sports by 146.4% in the second quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock valued at $35,000 after acquiring an additional 533 shares during the last quarter. Smartleaf Asset Management LLC boosted 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 valued at $63,000 after acquiring an additional 1,011 shares during the last quarter. Quarry LP bought a new position in shares of Amer Sports during the 1st quarter valued at approximately $34,000. Finally, Choreo LLC increased its stake in shares of Amer Sports by 21.4% during the 2nd quarter. Choreo LLC now owns 9,854 shares of the company’s stock worth $382,000 after purchasing an additional 1,740 shares during the last quarter. 40.25% of the stock is currently owned by institutional investors.

Amer Sports Stock Down 2.6%

AS stock opened at $38.34 on Friday. The stock has a 50-day simple moving average of $33.40 and a two-hundred day simple moving average of $36.09. Amer Sports, Inc. has a twelve month low of $20.21 and a twelve month high of $42.36. The firm has a market capitalization of $21.23 billion, a PE ratio of 69.71, a PEG ratio of 1.04 and a beta of 2.85. 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. Amer Sports had a net margin of 5.10% and a return on equity of 8.51%. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the firm posted $0.14 earnings per share. The company’s revenue for the quarter was up 29.7% on a year-over-year basis. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. On average, equities analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AS. Evercore ISI upped their price objective on Amer Sports from $43.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, November 19th. Citigroup restated a “buy” rating on shares of Amer Sports in a research note on Thursday, October 30th. JPMorgan Chase & Co. cut their price target on Amer Sports from $53.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, November 17th. Wall Street Zen cut Amer Sports from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. Finally, Hsbc Global Res raised shares of Amer Sports from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.34.

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.