Amer Sports, Inc. $AS Shares Sold by Platinum Investment Management Ltd.

Posted by Brenda Bartman on Jun 13th, 2026

Platinum Investment Management Ltd. cut its stake in shares of Amer Sports, Inc. (NYSE:AS – Free Report) by 11.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 160,000 shares of the company’s stock after selling 20,000 shares during the period. Amer Sports comprises approximately 1.4% of Platinum Investment Management Ltd.’s portfolio, making the stock its 19th largest holding. Platinum Investment Management Ltd.’s holdings in Amer Sports were worth $5,976,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aspex Management HK Ltd acquired a new position in Amer Sports in the third quarter valued at approximately $206,244,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Amer Sports during the third quarter worth approximately $2,519,000. JPMorgan Chase & Co. raised its stake in shares of Amer Sports by 9.3% during the third quarter. JPMorgan Chase & Co. now owns 684,783 shares of the company’s stock worth $23,796,000 after purchasing an additional 58,350 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Amer Sports by 130.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,015,491 shares of the company’s stock worth $112,629,000 after purchasing an additional 1,705,944 shares during the last quarter. Finally, WT Asset Management Ltd raised its position in Amer Sports by 221.5% in the third quarter. WT Asset Management Ltd now owns 3,499,062 shares of the company’s stock worth $121,592,000 after acquiring an additional 2,410,861 shares in the last quarter. 40.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AS has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft set a $52.00 target price on Amer Sports in a report on Wednesday, May 20th. Piper Sandler reiterated an “overweight” rating on shares of Amer Sports in a research report on Friday, February 20th. Evercore lifted their price objective on Amer Sports from $50.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Weiss Ratings raised Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, April 27th. Finally, Truist Financial lifted their price objective on Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Amer Sports presently has an average rating of “Buy” and an average price target of $48.19.

View Our Latest Research Report on Amer Sports

Insider Buying and Selling

In other news, 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 value of $465,731.50. Following the completion of the sale, the insider owned 149,821 shares in the company, valued at $5,336,624.02. This represents a 8.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jie (James) Zheng sold 500,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $34.42, for a total value of $17,210,000.00. Following the completion of the sale, the chief executive officer owned 1,262,385 shares of the company’s stock, valued at approximately $43,451,291.70. This trade represents a 28.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 860,705 shares of company stock worth $30,156,939.

Amer Sports Price Performance

AS stock opened at $35.43 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. Amer Sports, Inc. has a 52-week low of $28.92 and a 52-week high of $42.76. The stock’s 50 day moving average is $35.06 and its two-hundred day moving average is $36.24. The company has a market capitalization of $19.62 billion, a PE ratio of 44.29, a P/E/G ratio of 1.24 and a beta of 2.05.

Amer Sports (NYSE:AS – Get Free Report) last posted its quarterly earnings data on Tuesday, May 19th. The company reported $0.38 earnings per share (EPS) 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 in the previous year, the business earned $0.27 EPS. Amer Sports’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. Analysts predict that Amer Sports, Inc. will post 1.22 earnings per share for the current fiscal year.

Amer Sports Profile

(Free Report)

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).