FNY Investment Advisers LLC Invests $1.63 Million in Amer Sports, Inc. $AS

Key Points

• FNY Investment Advisers LLC invested approximately $1.63 million in Amer Sports, acquiring 42,030 shares in the second quarter of 2023.
• Institutional investors now own 40.25% of Amer Sports' stock, indicating strong interest from large investment firms.
• Amer Sports reported earnings that exceeded analysts' expectations, with a 23.4% year-over-year revenue increase and guidance for FY 2025 set between 0.770-0.820 EPS.

FNY Investment Advisers LLC acquired a new position in Amer Sports, Inc. (NYSE:AS - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 42,030 shares of the company's stock, valued at approximately $1,629,000.

Several other large investors have also bought and sold shares of AS. Mitchell Capital Management Co. purchased a new position in shares of Amer Sports during the 2nd quarter worth approximately $2,285,000. Vanguard Personalized Indexing Management LLC bought a new position in Amer Sports in the second quarter worth $397,000. Maryland State Retirement & Pension System bought a new position in Amer Sports in the second quarter worth $281,000. GGM Financials LLC purchased a new stake in shares of Amer Sports in the 2nd quarter worth about $14,550,000. Finally, Capricorn Fund Managers Ltd increased its stake in shares of Amer Sports by 22.4% in the 2nd quarter. Capricorn Fund Managers Ltd now owns 134,602 shares of the company's stock worth $5,217,000 after acquiring an additional 24,602 shares in the last quarter. 40.25% of the stock is owned by institutional investors.

Amer Sports Trading Up 0.0%

Shares of NYSE:AS opened at $30.87 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.60 and a quick ratio of 0.61. Amer Sports, Inc. has a 1 year low of $17.32 and a 1 year high of $42.36. The company has a market cap of $17.09 billion, a P/E ratio of 75.28, a PEG ratio of 0.99 and a beta of 3.04. The stock's fifty day moving average price is $35.94 and its 200-day moving average price is $34.18.

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

Analyst Ratings Changes

AS has been the topic of several research reports. Piper Sandler began coverage on shares of Amer Sports in a research note on Thursday, June 26th. They set an "overweight" rating and a $45.00 price objective on the stock. JPMorgan Chase & Co. boosted their price target on Amer Sports from $46.00 to $53.00 and gave the stock an "overweight" rating in a research report on Friday, September 19th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Amer Sports in a research report on Wednesday, October 8th. Citigroup lifted their price objective on Amer Sports from $42.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, September 19th. Finally, Hsbc Global Res raised Amer Sports from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 27th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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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