Cinctive Capital Management LP Acquires New Holdings in Amer Sports, Inc. $AS

Cinctive Capital Management LP bought a new position in Amer Sports, Inc. (NYSE:AS) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 24,832 shares of the company’s stock, valued at approximately $863,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new stake in shares of Amer Sports in the 3rd quarter valued at $1,477,000. Fortress Investment Group LLC bought a new position in Amer Sports during the second quarter worth about $9,634,000. Massachusetts Financial Services Co. MA bought a new position in Amer Sports during the third quarter worth about $45,507,000. JPMorgan Chase & Co. grew its stake in Amer Sports by 9.3% in the third quarter. JPMorgan Chase & Co. now owns 684,783 shares of the company’s stock valued at $23,796,000 after acquiring an additional 58,350 shares during the period. Finally, Navellier & Associates Inc. acquired a new position in Amer Sports in the third quarter valued at about $4,218,000. 40.25% of the stock is owned by institutional investors.

Amer Sports Stock Up 3.8%

AS stock opened at $33.56 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.50 and a quick ratio of 0.76. The stock has a market capitalization of $18.58 billion, a P/E ratio of 44.74, a P/E/G ratio of 1.29 and a beta of 2.80. Amer Sports, Inc. has a fifty-two week low of $20.21 and a fifty-two week high of $42.76. The business has a 50-day moving average of $37.46 and a 200-day moving average of $35.89.

Amer Sports (NYSE:AS) last announced its earnings results on Tuesday, February 24th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $1.99 billion. Amer Sports had a return on equity of 9.74% and a net margin of 6.51%.Amer Sports’s revenue for the quarter was up 28.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.17 EPS. Amer Sports has set its FY 2026 guidance at 1.100-1.150 EPS and its Q1 2026 guidance at 0.280-0.300 EPS. On average, sell-side analysts anticipate that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AS has been the topic of a number of research analyst reports. Evercore raised their price target on Amer Sports from $50.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Zacks Research cut Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. UBS Group restated a “buy” rating on shares of Amer Sports in a report on Friday. JPMorgan Chase & Co. cut their price target on shares of Amer Sports from $53.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, November 17th. Finally, Deutsche Bank Aktiengesellschaft set a $49.00 price target on shares of Amer Sports in a report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Amer Sports presently has an average rating of “Buy” and an average price target of $47.12.

About Amer Sports

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).