Amer Sports, Inc. $AS is FountainVest China Capital Partners GP3 Ltd.'s Largest Position

FountainVest China Capital Partners GP3 Ltd. reduced its position in Amer Sports, Inc. (NYSE:AS - Free Report) by 50.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,099,348 shares of the company's stock after selling 35,000,000 shares during the period. Amer Sports comprises about 82.7% of FountainVest China Capital Partners GP3 Ltd.'s portfolio, making the stock its biggest holding. FountainVest China Capital Partners GP3 Ltd. owned about 6.16% of Amer Sports worth $1,321,691,000 at the end of the most recent reporting period.How Did Peter Thiel-Backed Crypto Exchange Bullish's IPO Go?A number of other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of Amer Sports in the first quarter worth about $34,000. SBI Securities Co. Ltd. increased its stake in shares of Amer Sports by 146.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 897 shares of the company's stock valued at $35,000 after purchasing an additional 533 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Amer Sports by 174.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company's stock worth $63,000 after purchasing an additional 1,011 shares during the period. Colonial Trust Advisors acquired a new position in Amer Sports in the 1st quarter worth about $93,000. Finally, GAMMA Investing LLC boosted its position in Amer Sports by 17.4% during the second quarter. GAMMA Investing LLC now owns 2,614 shares of the company's stock worth $101,000 after purchasing an additional 387 shares in the last quarter. 40.25% of the stock is owned by hedge funds and other institutional investors. Amer Sports Price PerformanceShares of NYSE AS opened at $38.34 on Monday. The firm has a 50-day simple moving average of $33.40 and a 200-day simple moving average of $36.08. The company has a quick ratio of 0.70, a current ratio of 1.51 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $21.23 billion, a price-to-earnings ratio of 69.71, a price-to-earnings-growth ratio of 1.04 and a beta of 2.84. Amer Sports, Inc. has a 52 week low of $20.21 and a 52 week high of $42.36. Lululemon Slips as Rivals Rally: 3 Stocks to WatchAmer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings data on Tuesday, November 18th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.08. The company had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.73 billion. Amer Sports had a net margin of 5.10% and a return on equity of 8.51%. Amer Sports's revenue was up 29.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.14 EPS. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. On average, equities analysts predict that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year. Analyst Ratings ChangesAS has been the subject of several research analyst reports. Truist Financial initiated coverage on Amer Sports in a research note on Monday, October 27th. They set a "buy" rating and a $42.00 target price for the company. Bank of America upped their price objective on shares of Amer Sports from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. Zacks Research downgraded shares of Amer Sports from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 18th. JPMorgan Chase & Co. cut their target price on shares of Amer Sports from $53.00 to $50.00 and set an "overweight" rating for the company in a research note on Monday, November 17th. Finally, Hsbc Global Res upgraded shares of Amer Sports from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $44.34.Amer Sports: The New ONON and DECK of Consumer Discretionary?View Our Latest Stock Analysis on ASAmer Sports Company Profile (Free Report)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.Further ReadingFive stocks we like better than Amer SportsTrading Halts ExplainedDave & Buster’s Reversal Is in PLAY After Double-Bottom BreakoutWhat is a Stock Market Index and How Do You Use Them?3 Finance Stocks to Buy on Rising 10-Year Treasury RatesWhich Wall Street Analysts are the Most Accurate?Disney's $1 Billion Deal Brings Its Magic to OpenAIWant 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.Should You Invest $1,000 in Amer Sports Right Now?Before you consider Amer Sports, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amer Sports wasn't on the list.While Amer Sports currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here