Amer Sports, Inc. $AS Shares Sold by WCM Investment Management LLC

Key Points

• WCM Investment Management LLC reduced its stake in Amer Sports, Inc. by 24.2%, selling 44,963 shares in the 2nd quarter, leaving them with 140,555 shares valued at $5.532 million.
• Amer Sports reported a 23.4% year-over-year increase in revenue, totaling $1.24 billion for the quarter, and earnings per share rose to $0.06, surpassing analysts' expectations of $0.02.
• Several brokerages have upgraded their ratings for Amer Sports, with target prices ranging from $46.00 to $53.00, while the stock currently holds an average rating of "Moderate Buy" with a target price of $43.49.

WCM Investment Management LLC reduced its stake in Amer Sports, Inc. (NYSE:AS - Free Report) by 24.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,555 shares of the company's stock after selling 44,963 shares during the period. WCM Investment Management LLC's holdings in Amer Sports were worth $5,532,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AS. Friedenthal Financial acquired a new stake in Amer Sports in the 1st quarter valued at $985,000. Lecap Asset Management Ltd. acquired a new stake in Amer Sports in the 1st quarter valued at $2,594,000. Illinois Municipal Retirement Fund acquired a new stake in Amer Sports in the 1st quarter valued at $649,000. Vontobel Holding Ltd. acquired a new stake in Amer Sports in the 1st quarter valued at $245,000. Finally, Mainstream Capital Management LLC increased its holdings in Amer Sports by 148.6% in the 1st quarter. Mainstream Capital Management LLC now owns 16,850 shares of the company's stock valued at $450,000 after purchasing an additional 10,072 shares in the last quarter. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Amer Sports Stock Performance

Shares of AS stock opened at $30.57 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 1.60. The company's 50-day simple moving average is $36.32 and its 200-day simple moving average is $34.02. Amer Sports, Inc. has a one year low of $17.32 and a one year high of $42.36. The stock has a market capitalization of $16.93 billion, a price-to-earnings ratio of 74.56, a PEG ratio of 1.03 and a beta of 3.04.

Amer Sports (NYSE:AS - Get Free Report) last issued its earnings results on Tuesday, August 19th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.04. Amer Sports had a net margin of 3.93% and a return on equity of 6.87%. The firm had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter last year, the company posted $0.05 earnings per share. Amer Sports's revenue was up 23.4% on a year-over-year basis. Amer Sports has set its FY 2025 guidance at 0.770-0.820 EPS. Q3 2025 guidance at 0.200-0.220 EPS. Equities analysts anticipate that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on AS. Wall Street Zen upgraded Amer Sports from a "hold" rating to a "buy" rating in a report on Friday, September 5th. UBS Group raised their target price on Amer Sports from $50.00 to $52.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. raised their target price on Amer Sports from $46.00 to $53.00 and gave the company an "overweight" rating in a research note on Friday, September 19th. Bank of America raised their target price on Amer Sports from $45.00 to $46.00 and gave the company a "buy" rating in a research note on Friday, September 19th. Finally, Nomura Securities cut shares of Amer Sports from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $43.49.

Amer Sports Profile

Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.

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