CHURCHILL MANAGEMENT Corp Buys Shares of 16,698 Amer Sports, Inc. $AS

Key Points

• CHURCHILL MANAGEMENT Corp has acquired a new stake in Amer Sports, purchasing 16,698 shares valued at approximately $647,000.
• Multiple institutional investors significantly increased their positions in Amer Sports, including Citigroup, which grew its stake by 1,402.2%, now holding 441,628 shares worth $11.8 million.
• Amer Sports recently reported an earnings per share (EPS) of $0.06 for the last quarter, surpassing estimates, with revenue increasing 23.4% year-over-year to $1.24 billion.

CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Amer Sports, Inc. (NYSE:AS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 16,698 shares of the company's stock, valued at approximately $647,000.

Several other institutional investors have also recently made changes to their positions in AS. Citigroup Inc. grew its position in Amer Sports by 1,402.2% during the first quarter. Citigroup Inc. now owns 441,628 shares of the company's stock valued at $11,805,000 after buying an additional 412,229 shares during the period. Deutsche Bank AG boosted its stake in shares of Amer Sports by 25.9% during the 1st quarter. Deutsche Bank AG now owns 1,160,491 shares of the company's stock worth $31,020,000 after acquiring an additional 238,937 shares during the last quarter. Vontobel Holding Ltd. bought a new stake in shares of Amer Sports during the 1st quarter valued at $245,000. Handelsbanken Fonder AB increased its stake in shares of Amer Sports by 59.4% in the 1st quarter. Handelsbanken Fonder AB now owns 27,100 shares of the company's stock worth $724,000 after purchasing an additional 10,100 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in Amer Sports in the 1st quarter worth $995,000. Institutional investors own 40.25% of the company's stock.

Amer Sports Stock Performance

AS opened at $35.17 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 stock has a market capitalization of $19.48 billion, a price-to-earnings ratio of 85.79, a PEG ratio of 1.12 and a beta of 3.04. The company has a fifty day moving average of $37.44 and a 200 day moving average of $33.73. Amer Sports, Inc. has a fifty-two week low of $16.10 and a fifty-two week high of $42.36.

Amer Sports (NYSE:AS - Get Free Report) last released its quarterly earnings data on Tuesday, August 19th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. Amer Sports had a net margin of 3.93% and a return on equity of 6.87%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the firm earned $0.05 EPS. The business'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. As a group, sell-side analysts forecast that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AS. Wall Street Zen upgraded Amer Sports from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. JPMorgan Chase & Co. raised their target price on shares of Amer Sports from $46.00 to $53.00 and gave the stock an "overweight" rating in a research note on Friday, September 19th. UBS Group upped their price target on shares of Amer Sports from $50.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Citigroup raised their price objective on shares of Amer Sports from $42.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Finally, Bank of America upped their target price on shares of Amer Sports from $45.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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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