C WorldWide Group Holding A S increased its holdings in Amer Sports, Inc. (NYSE:AS – Free Report) by 41.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 296,653 shares of the company’s stock after buying an additional 86,327 shares during the period. C WorldWide Group Holding A S owned about 0.05% of Amer Sports worth $10,039,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the business. Kestra Advisory Services LLC acquired a new stake in shares of Amer Sports during the 4th quarter worth approximately $27,000. EverSource Wealth Advisors LLC grew its holdings in shares of Amer Sports by 84.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock worth $25,000 after acquiring an additional 348 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Amer Sports by 1,030.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock worth $30,000 after purchasing an additional 742 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of Amer Sports by 484.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock worth $29,000 after purchasing an additional 703 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Amer Sports by 241.6% during the third quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock valued at $42,000 after purchasing an additional 848 shares during the last quarter. Institutional investors own 40.25% of the company’s stock.
Amer Sports Stock Down 3.0%
NYSE:AS opened at $28.66 on Wednesday. The firm has a market capitalization of $15.87 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 0.95 and a beta of 1.99. Amer Sports, Inc. has a 1-year low of $28.09 and a 1-year high of $42.76. The company has a current ratio of 1.76, a quick ratio of 0.80 and a debt-to-equity ratio of 0.11. The business’s fifty day moving average price is $33.62 and its 200 day moving average price is $34.54.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Amer Sports from $59.00 to $64.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Barclays upped their price objective on shares of Amer Sports from $49.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Truist Financial decreased their target price on shares of Amer Sports from $50.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, August 19th. UBS Group restated a “buy” rating on shares of Amer Sports in a report on Wednesday, August 19th. Finally, Weiss Ratings downgraded shares of Amer Sports from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amer Sports currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.34.
Get Our Latest Analysis on Amer Sports
Insider Activity
In related news, CFO Andrew Page sold 2,022 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $28.63, for a total value of $57,889.86. Following the completion of the sale, the chief financial officer owned 6,575 shares of the company’s stock, valued at approximately $188,242.25. The trade was a 23.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
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).
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