Osaic Holdings Inc. Invests $2.90 Million in Amer Sports, Inc. $AS

Osaic Holdings Inc. bought a new stake in shares of Amer Sports, Inc. (NYSE:AS) in the 2nd quarter, HoldingsChannel reports. The firm bought 74,793 shares of the company’s stock, valued at approximately $2,898,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd increased its holdings in shares of Amer Sports by 139.9% in the second quarter. Qube Research & Technologies Ltd now owns 3,887,480 shares of the company’s stock valued at $150,679,000 after buying an additional 2,267,066 shares in the last quarter. Viking Global Investors LP boosted its stake in shares of Amer Sports by 64.8% during the 2nd quarter. Viking Global Investors LP now owns 3,880,649 shares of the company’s stock worth $150,414,000 after acquiring an additional 1,526,314 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Amer Sports by 32.5% in the 2nd quarter. Marshall Wace LLP now owns 3,747,775 shares of the company’s stock worth $145,264,000 after acquiring an additional 918,361 shares during the last quarter. Scopus Asset Management L.P. acquired a new stake in shares of Amer Sports during the second quarter worth $108,562,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Amer Sports by 244.5% during the second quarter. BNP Paribas Financial Markets now owns 2,533,612 shares of the company’s stock valued at $98,203,000 after purchasing an additional 1,798,170 shares during the last quarter. 40.25% of the stock is currently owned by institutional investors.

Amer Sports Stock Performance

Shares of AS opened at $38.38 on Friday. The company has a market capitalization of $21.26 billion, a PE ratio of 69.79, a PEG ratio of 1.03 and a beta of 2.85. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.70 and a current ratio of 1.51. The company’s 50 day moving average price is $34.63 and its 200 day moving average price is $36.17. Amer Sports, Inc. has a 52 week low of $20.21 and a 52 week high of $42.36.

Amer Sports (NYSE:AS) last issued its earnings results on Tuesday, November 18th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. Amer Sports had a net margin of 5.10% and a return on equity of 8.51%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the business posted $0.14 EPS. The company’s revenue for the quarter was up 29.7% on a year-over-year basis. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. Research analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AS has been the topic of a number of analyst reports. Nomura set a $39.80 price target on Amer Sports and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Bank of America lifted their target price on shares of Amer Sports from $45.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Nomura Securities upgraded shares of Amer Sports from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. Truist Financial assumed coverage on shares of Amer Sports in a research note on Monday, October 27th. They issued a “buy” rating and a $42.00 price objective for the company. Finally, Wall Street Zen downgraded shares of Amer Sports from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $44.73.

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).