Massachusetts Financial Services Co. MA Acquires 1,705,944 Shares of Amer Sports, Inc. $AS

Key Points

• Massachusetts Financial Services Co. MA increased its stake in Amer Sports by 130.3% in Q4, acquiring 1,705,944 shares to hold 3,015,491 shares (about 0.54% of the company) valued at $112.63 million.
• Amer Sports beat quarterly expectations with $0.31 EPS vs. $0.27 consensus and $2.10 billion revenue (up 28.5% YoY), set FY2026 guidance of 1.100–1.150 EPS, and carries a consensus "Buy" rating with an average price target of $47.12.
• Insiders sold shares on April 2 (including the CEO and CFO), and insiders have disposed of 9,020 shares worth $300,186 in the last three months, materially reducing their holdings.

Massachusetts Financial Services Co. MA grew its position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 130.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,015,491 shares of the company's stock after acquiring an additional 1,705,944 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.54% of Amer Sports worth $112,629,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd increased its holdings in shares of Amer Sports by 484.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company's stock valued at $29,000 after acquiring an additional 703 shares in the last quarter. Financial Consulate Inc. bought a new stake in shares of Amer Sports during the third quarter valued at approximately $40,000. PNC Financial Services Group Inc. increased its holdings in shares of Amer Sports by 241.6% during the third quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company's stock valued at $42,000 after acquiring an additional 848 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of Amer Sports during the third quarter valued at approximately $44,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Amer Sports by 174.3% during the second quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company's stock valued at $63,000 after acquiring an additional 1,011 shares in the last quarter. Institutional investors own 40.25% of the company's stock.

Amer Sports Stock Down 0.0%

AS stock opened at $35.21 on Tuesday. The stock's fifty day simple moving average is $35.75 and its two-hundred day simple moving average is $35.38. The company has a current ratio of 1.50, a quick ratio of 0.76 and a debt-to-equity ratio of 0.25. Amer Sports, Inc. has a 1-year low of $21.06 and a 1-year high of $42.76. The stock has a market cap of $19.50 billion, a P/E ratio of 46.95, a P/E/G ratio of 1.40 and a beta of 2.81.

Amer Sports (NYSE:AS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. Amer Sports had a return on equity of 9.74% and a net margin of 6.51%.The business had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $1.99 billion. During the same quarter in the previous year, the firm earned $0.17 earnings per share. The business's revenue was up 28.5% on a year-over-year basis. 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. Analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AS. Zacks Research downgraded Amer Sports from a "strong-buy" rating to a "hold" rating in a report on Monday, January 19th. Piper Sandler reiterated an "overweight" rating on shares of Amer Sports in a report on Friday, February 20th. UBS Group reiterated a "buy" rating on shares of Amer Sports in a report on Friday, March 13th. Evercore upped their price target on Amer Sports from $50.00 to $51.00 and gave the stock an "outperform" rating in a report on Wednesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft set a $49.00 price target on Amer Sports in a report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $47.12.

Insider Buying and Selling at Amer Sports

In other Amer Sports news, CFO Andrew E. Page sold 2,052 shares of the business's stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $33.28, for a total value of $68,290.56. Following the transaction, the chief financial officer owned 4,083 shares of the company's stock, valued at approximately $135,882.24. The trade was a 33.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stuart Haselden sold 6,511 shares of the business's stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $33.28, for a total value of $216,686.08. Following the completion of the transaction, the chief executive officer directly owned 5,448 shares in the company, valued at approximately $181,309.44. This represents a 54.44% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 9,020 shares of company stock worth $300,186.

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).

Want to see what other hedge funds are holding AS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amer Sports, Inc. (NYSE:AS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.