Edgestream Partners L.P. Buys New Position in Amer Sports, Inc. $AS

Posted by Geri Gentry on Aug 4th, 2026

Edgestream Partners L.P. bought a new stake in shares of Amer Sports, Inc. (NYSE:AS – Free Report) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 37,049 shares of the company’s stock, valued at approximately $1,220,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AS. AQR Capital Management LLC bought a new stake in Amer Sports during the first quarter worth approximately $565,000. Goldman Sachs Group Inc. boosted its stake in Amer Sports by 44.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,173,674 shares of the company’s stock valued at $31,372,000 after buying an additional 358,536 shares in the last quarter. Legal & General Group Plc grew its holdings in Amer Sports by 103.2% during the second quarter. Legal & General Group Plc now owns 16,404 shares of the company’s stock worth $636,000 after acquiring an additional 8,330 shares during the period. American Century Companies Inc. bought a new stake in Amer Sports in the second quarter worth about $472,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Amer Sports by 276.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,364 shares of the company’s stock valued at $130,000 after acquiring an additional 2,470 shares during the last quarter. 40.25% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Wen-Chang (Victor) Chen sold 13,075 shares of the stock in a transaction dated 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 directly owned 149,821 shares of the company’s stock, valued at approximately $5,336,624.02. This represents a 8.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jie (James) Zheng sold 500,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $34.42, for a total value of $17,210,000.00. Following the sale, the chief executive officer owned 1,262,385 shares of the company’s stock, valued at $43,451,291.70. The trade was a 28.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 833,580 shares of company stock valued at $29,200,266 over the last ninety days.

Wall Street Analysts Forecast Growth

AS has been the subject of a number of research reports. Truist Financial raised their target price on shares of Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Amer Sports in a research report on Friday, July 24th. Robert W. Baird set a $51.00 price objective on Amer Sports in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft set a $52.00 target price on Amer Sports in a research report on Wednesday, May 20th. Finally, UBS Group increased their price target on Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Amer Sports currently has a consensus rating of “Buy” and an average price target of $48.70.

Check Out Our Latest Research Report on Amer Sports

Amer Sports Trading Up 2.1%

Amer Sports stock opened at $36.26 on Tuesday. Amer Sports, Inc. has a 52 week low of $28.92 and a 52 week high of $42.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 1.66. The firm has a market capitalization of $20.08 billion, a price-to-earnings ratio of 45.32, a P/E/G ratio of 1.24 and a beta of 2.05. The company has a 50 day moving average price of $35.09 and a 200 day moving average price of $35.54.

Amer Sports (NYSE:AS – Get Free Report) last announced its earnings results on Tuesday, May 19th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.07. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.84 billion. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The company’s revenue was up 32.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 EPS. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. Research analysts forecast that Amer Sports, Inc. will post 1.22 EPS for the current 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).