Pinpoint Asset Management Singapore Pte. Ltd. Takes $749,000 Position in Amer Sports, Inc. $AS

Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Amer Sports, Inc. (NYSE:AS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,061 shares of the company’s stock, valued at approximately $749,000.

A number of other institutional investors have also modified their holdings of the business. Federation des caisses Desjardins du Quebec grew its position in shares of Amer Sports by 10.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,466 shares of the company’s stock valued at $167,000 after buying an additional 405 shares during the last quarter. Choreo LLC grew its position in shares of Amer Sports by 4.9% during the 4th quarter. Choreo LLC now owns 9,387 shares of the company’s stock valued at $354,000 after buying an additional 437 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Amer Sports by 1.1% during the 3rd quarter. Mackenzie Financial Corp now owns 48,745 shares of the company’s stock valued at $1,694,000 after buying an additional 540 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of Amer Sports by 2.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 35,300 shares of the company’s stock valued at $1,227,000 after buying an additional 700 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Amer Sports by 484.8% during the 3rd 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 last quarter. Institutional investors own 40.25% of the company’s stock.

Insider Activity

In related news, CEO Stuart Haselden sold 215,275 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were 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 of the company’s stock, valued at $7,657,331.75. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jie (James) Zheng sold 500,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $34.42, for a total transaction of $17,210,000.00. Following the sale, the chief executive officer directly owned 1,262,385 shares of the company’s stock, valued at approximately $43,451,291.70. This represents a 28.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 860,705 shares of company stock worth $30,156,939 in the last quarter.

Analyst Ratings Changes

A number of brokerages recently weighed in on AS. Piper Sandler reaffirmed an “overweight” rating on shares of Amer Sports in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on shares of Amer Sports in a research report on Wednesday, May 20th. Robert W. Baird set a $51.00 price objective on shares of Amer Sports in a research report on Wednesday, May 20th. Truist Financial boosted their price objective on shares of Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Finally, Evercore boosted their price objective on shares of Amer Sports from $50.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Two research 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 company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $48.19.

Amer Sports Price Performance

NYSE AS opened at $35.43 on Friday. Amer Sports, Inc. has a 52 week low of $28.92 and a 52 week high of $42.76. The company has a current ratio of 1.66, a quick ratio of 0.82 and a debt-to-equity ratio of 0.10. The stock has a market cap of $19.62 billion, a price-to-earnings ratio of 44.29, a price-to-earnings-growth ratio of 1.24 and a beta of 2.05. The company has a 50-day moving average price of $35.06 and a two-hundred day moving average price of $36.24.

Amer Sports (NYSE:AS) last posted its earnings results on Tuesday, May 19th. The company reported $0.38 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the firm earned $0.27 EPS. Amer Sports’s quarterly revenue was up 32.1% on a year-over-year basis. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. Analysts forecast that Amer Sports, Inc. will post 1.22 EPS 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).