Platinum Investment Management Ltd. Has $7.36 Million Stake in Amer Sports, Inc. $AS

Platinum Investment Management Ltd. trimmed its holdings in Amer Sports, Inc. (NYSE:AS) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,000 shares of the company’s stock after selling 10,000 shares during the period. Amer Sports accounts for 0.5% of Platinum Investment Management Ltd.’s holdings, making the stock its 28th largest position. Platinum Investment Management Ltd.’s holdings in Amer Sports were worth $7,364,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in Amer Sports by 17.4% in the second quarter. GAMMA Investing LLC now owns 2,614 shares of the company’s stock valued at $101,000 after purchasing an additional 387 shares in the last quarter. Scotia Capital Inc. raised its position in shares of Amer Sports by 1.0% in the 1st quarter. Scotia Capital Inc. now owns 50,841 shares of the company’s stock valued at $1,359,000 after buying an additional 488 shares in the last quarter. Signaturefd LLC raised its position in shares of Amer Sports by 19.1% in the 1st quarter. Signaturefd LLC now owns 4,925 shares of the company’s stock valued at $132,000 after buying an additional 789 shares in the last quarter. Quarry LP acquired a new position in shares of Amer Sports in the 1st quarter valued at approximately $34,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Amer Sports by 22.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,386 shares of the company’s stock valued at $331,000 after buying an additional 2,275 shares in the last quarter. 40.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AS has been the subject of several research analyst reports. Nomura Securities downgraded shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Robert W. Baird boosted their price target on Amer Sports from $45.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, September 19th. Zacks Research cut Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. JPMorgan Chase & Co. boosted their price target on Amer Sports from $46.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Finally, Hsbc Global Res raised Amer Sports from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.49.

Amer Sports Stock Performance

Amer Sports stock opened at $34.97 on Thursday. The business has a 50 day moving average of $37.47 and a 200-day moving average of $33.68. Amer Sports, Inc. has a 1 year low of $16.10 and a 1 year high of $42.36. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.60 and a quick ratio of 0.61. The company has a market capitalization of $19.37 billion, a P/E ratio of 85.29, a P/E/G ratio of 1.11 and a beta of 3.05.

Amer Sports (NYSE:AS) last released its quarterly earnings data on Tuesday, August 19th. The company reported $0.06 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the firm posted $0.05 earnings per share. The firm’s revenue 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. On average, equities research analysts predict that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

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.