Exchange Traded Concepts LLC Buys Shares of 155,633 Amer Sports, Inc. $AS

Key Points

• Exchange Traded Concepts LLC acquired 155,633 shares of Amer Sports, Inc., valued at approximately $6.03 million, in the second quarter.
• Several hedge funds significantly increased their stakes in Amer Sports, including Trivest Advisors Ltd with a 47.9% increase.
• Amer Sports reported a 23.4% year-over-year revenue growth of $1.24 billion and exceeded EPS expectations with a quarterly result of $0.06.

Exchange Traded Concepts LLC acquired a new position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 155,633 shares of the company's stock, valued at approximately $6,032,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Voya Investment Management LLC purchased a new position in shares of Amer Sports during the first quarter worth about $210,000. Strs Ohio bought a new stake in Amer Sports during the 1st quarter valued at approximately $981,000. Goldman Sachs Group Inc. increased its stake in Amer Sports by 44.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,173,674 shares of the company's stock worth $31,372,000 after acquiring an additional 358,536 shares during the last quarter. Temasek Holdings Private Ltd purchased a new position in Amer Sports during the 1st quarter valued at $10,081,000. Finally, Tiger Pacific Capital LP bought a new position in shares of Amer Sports in the 1st quarter worth $8,316,000. 40.25% of the stock is owned by hedge funds and other institutional investors.

Amer Sports Trading Down 0.4%

Shares of NYSE:AS traded down $0.13 during trading on Tuesday, reaching $35.14. The stock had a trading volume of 956,237 shares, compared to its average volume of 4,081,704. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 1.60. Amer Sports, Inc. has a 52 week low of $15.00 and a 52 week high of $42.36. The firm's fifty day moving average is $38.03 and its 200 day moving average is $33.40. The stock has a market cap of $19.46 billion, a price-to-earnings ratio of 85.80, a P/E/G ratio of 1.23 and a beta of 3.30.

Amer Sports (NYSE:AS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.18 billion. Amer Sports had a net margin of 3.93% and a return on equity of 6.87%. The firm's revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 earnings per share. 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, equities analysts forecast that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AS. Wells Fargo & Company raised their target price on Amer Sports from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Monday. UBS Group upped their price objective on shares of Amer Sports from $50.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Robert W. Baird raised their target price on shares of Amer Sports from $45.00 to $46.00 and gave the stock an "outperform" rating in a report on Friday. Wall Street Zen upgraded shares of Amer Sports from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Finally, Zacks Research downgraded shares of Amer Sports from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "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.