Monashee Investment Management LLC Sells 55,000 Shares of Amer Sports, Inc. $AS

Key Points

• Monashee Investment Management LLC reduced its stake in Amer Sports, Inc. by 23.9% during the first quarter, selling 55,000 shares and now holding 175,000 shares valued at approximately $4.68 million.
• Several institutional investors have adjusted their positions in Amer Sports, with notable activity including Colonial Trust Advisors acquiring a new position worth $93,000 and Sterling Capital Management increasing their holdings by 55.9%.
• Amer Sports has recently received mixed ratings from analysts, with target price adjustments from various firms, including JPMorgan Chase, which raised its price target to $46.00 while maintaining an "overweight" rating.

Monashee Investment Management LLC lessened its holdings in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 23.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 175,000 shares of the company's stock after selling 55,000 shares during the quarter. Amer Sports makes up 0.6% of Monashee Investment Management LLC's portfolio, making the stock its 27th biggest position. Monashee Investment Management LLC's holdings in Amer Sports were worth $4,678,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Colonial Trust Advisors bought a new position in Amer Sports in the first quarter worth $93,000. Sterling Capital Management LLC raised its holdings in Amer Sports by 55.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock worth $97,000 after purchasing an additional 1,250 shares in the last quarter. Signaturefd LLC raised its holdings in Amer Sports by 19.1% in the first quarter. Signaturefd LLC now owns 4,925 shares of the company's stock worth $132,000 after purchasing an additional 789 shares in the last quarter. Keel Point LLC bought a new position in Amer Sports in the fourth quarter worth $234,000. Finally, Vontobel Holding Ltd. bought a new position in Amer Sports in the first quarter worth $245,000. Institutional investors own 40.25% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AS shares. JPMorgan Chase & Co. increased their target price on Amer Sports from $45.00 to $46.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Bank of America increased their price objective on Amer Sports from $42.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday. Wall Street Zen cut Amer Sports from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. KGI Securities set a $44.30 price target on shares of Amer Sports and gave the company an "outperform" rating in a report on Wednesday, June 25th. Finally, UBS Group raised their price target on shares of Amer Sports from $50.00 to $52.00 and gave the company a "buy" rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $40.29.

Amer Sports Trading Up 4.2%

Amer Sports stock opened at $37.2250 on Thursday. The business has a 50-day simple moving average of $37.85 and a two-hundred day simple moving average of $32.07. The company has a market cap of $20.62 billion, a P/E ratio of 90.79, a P/E/G ratio of 1.41 and a beta of 3.31. Amer Sports, Inc. has a 52-week low of $13.16 and a 52-week high of $40.21. The company has a quick ratio of 0.80, a current ratio of 1.66 and a debt-to-equity ratio of 0.24.

Amer Sports (NYSE:AS - Get Free Report) last released its quarterly earnings results on Tuesday, August 19th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.18 billion. Amer Sports had a return on equity of 7.14% and a net margin of 3.93%.The business's quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the previous year, the company posted $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. Analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current year.

About Amer Sports

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.

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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.