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 trimmed its stake in Amer Sports, Inc. (NYSE:AS - Free Report) by 23.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 175,000 shares of the company's stock after selling 55,000 shares during the period. Amer Sports makes up approximately 0.6% of Monashee Investment Management LLC's portfolio, making the stock its 27th biggest holding. Monashee Investment Management LLC's holdings in Amer Sports were worth $4,678,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Colonial Trust Advisors bought a new position in Amer Sports during the first quarter valued at approximately $93,000. Sterling Capital Management LLC grew its position in Amer Sports by 55.9% during the fourth quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock valued at $97,000 after acquiring an additional 1,250 shares during the last quarter. Signaturefd LLC grew its position in Amer Sports by 19.1% during the first quarter. Signaturefd LLC now owns 4,925 shares of the company's stock valued at $132,000 after acquiring an additional 789 shares during the last quarter. Keel Point LLC bought a new position in Amer Sports during the fourth quarter valued at approximately $234,000. Finally, Vontobel Holding Ltd. bought a new position in Amer Sports during the first quarter valued at approximately $245,000. 40.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AS shares. Robert W. Baird increased their price target on shares of Amer Sports from $44.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. The Goldman Sachs Group increased their price objective on Amer Sports from $44.00 to $45.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Citigroup reissued a "buy" rating and set a $42.00 price objective (up previously from $30.00) on shares of Amer Sports in a research note on Wednesday, May 21st. UBS Group increased their price objective on Amer Sports from $50.00 to $52.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Finally, Piper Sandler began coverage on Amer Sports in a research note on Thursday, June 26th. They set an "overweight" rating and a $45.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Amer Sports currently has an average rating of "Moderate Buy" and a consensus target price of $40.29.

Amer Sports Trading Down 0.8%

AS stock traded down $0.33 on Tuesday, reaching $40.36. The company's stock had a trading volume of 3,401,594 shares, compared to its average volume of 4,069,709. The business has a fifty day simple moving average of $38.02 and a two-hundred day simple moving average of $32.25. Amer Sports, Inc. has a 12-month low of $13.16 and a 12-month high of $42.36. The firm has a market cap of $22.35 billion, a PE ratio of 98.42, a PEG ratio of 1.39 and a beta of 3.31. 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 (NYSE:AS - Get Free Report) last announced 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. 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%.The company's revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter last year, the firm posted $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, research analysts forecast that Amer Sports, Inc. will post 0.46 EPS for the current year.

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.