Platinum Investment Management Ltd. Has $7.36 Million Stock Position in Amer Sports, Inc. $AS

Key Points

• Platinum Investment Management Ltd. reduced its holdings in Amer Sports, Inc. by 5.0%, owning 190,000 shares worth approximately $7.36 million as of the end of the second quarter.
• A number of large investors, including GAMMA Investing LLC and SG Americas Securities LLC, have significantly increased their stakes in Amer Sports during the first quarter, showing growing institutional interest in the company.
• Amer Sports posted quarterly earnings of $0.06 EPS, exceeding estimates, and set a FY 2025 guidance of 0.770-0.820 EPS, contributing to a consensus analyst rating of "Moderate Buy."

Platinum Investment Management Ltd. decreased its holdings in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 5.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 190,000 shares of the company's stock after selling 10,000 shares during the quarter. Amer Sports makes up about 0.5% of Platinum Investment Management Ltd.'s investment portfolio, making the stock its 28th biggest holding. Platinum Investment Management Ltd.'s holdings in Amer Sports were worth $7,364,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of Amer Sports by 2,965.3% during the 1st quarter. GAMMA Investing LLC now owns 59,528 shares of the company's stock worth $1,591,000 after buying an additional 57,586 shares during the last quarter. Annex Advisory Services LLC acquired a new position in Amer Sports during the first quarter valued at approximately $8,491,000. SG Americas Securities LLC boosted its position in Amer Sports by 14,640.1% during the first quarter. SG Americas Securities LLC now owns 1,418,001 shares of the company's stock valued at $37,903,000 after purchasing an additional 1,408,381 shares during the last quarter. Handelsbanken Fonder AB boosted its position in Amer Sports by 59.4% during the first quarter. Handelsbanken Fonder AB now owns 27,100 shares of the company's stock valued at $724,000 after purchasing an additional 10,100 shares during the last quarter. Finally, Friedenthal Financial acquired a new position in Amer Sports during the first quarter valued at approximately $985,000. Institutional investors and hedge funds own 40.25% of the company's stock.

Amer Sports Trading Up 0.6%

Shares of AS stock opened at $34.97 on Thursday. The company has a market capitalization of $19.37 billion, a PE ratio of 85.29, a price-to-earnings-growth ratio of 1.11 and a beta of 3.05. The firm has a 50 day moving average price of $37.47 and a two-hundred day moving average price of $33.68. The company has a quick ratio of 0.61, a current ratio of 1.60 and a debt-to-equity ratio of 0.24. Amer Sports, Inc. has a 12-month low of $16.10 and a 12-month high of $42.36.

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 for the quarter, topping the consensus estimate of $0.02 by $0.04. The business had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.18 billion. Amer Sports had a return on equity of 6.87% and a net margin of 3.93%.The firm's revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period last year, the firm 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. As a group, analysts predict that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on AS. Bank of America increased their price objective on Amer Sports from $45.00 to $46.00 and gave the company a "buy" rating in a report on Friday, September 19th. Morgan Stanley set a $41.00 price target on shares of Amer Sports and gave the company a "positive" rating in a research note on Monday, September 22nd. HSBC set a $50.00 target price on shares of Amer Sports and gave the company a "buy" rating in a research note on Tuesday, August 26th. UBS Group raised their target price on shares of Amer Sports from $50.00 to $52.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Finally, Wells Fargo & Company raised their price objective on Amer Sports from $35.00 to $38.00 and gave the company an "equal weight" rating in a research report on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $43.49.

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.

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