GSA Capital Partners LLP Acquires Shares of 131,468 Amer Sports, Inc. (NYSE:AS)

GSA Capital Partners LLP purchased a new position in Amer Sports, Inc. (NYSE:AS - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 131,468 shares of the company's stock, valued at approximately $2,097,000.

Several other hedge funds have also recently made changes to their positions in the business. Hood River Capital Management LLC boosted its stake in shares of Amer Sports by 32.9% during the 2nd quarter. Hood River Capital Management LLC now owns 3,896,784 shares of the company's stock worth $48,983,000 after purchasing an additional 965,625 shares during the period. Point72 Hong Kong Ltd increased its stake in shares of Amer Sports by 557.7% in the 2nd quarter. Point72 Hong Kong Ltd now owns 3,274,519 shares of the company's stock valued at $41,161,000 after purchasing an additional 2,776,619 shares in the last quarter. Point72 Asset Management L.P. boosted its position in Amer Sports by 308.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,106,202 shares of the company's stock valued at $39,045,000 after buying an additional 2,345,420 shares during the period. WCM Investment Management LLC lifted its position in shares of Amer Sports by 29.9% during the 3rd quarter. WCM Investment Management LLC now owns 1,330,092 shares of the company's stock worth $21,787,000 after purchasing an additional 306,001 shares during the last quarter. Finally, WT Asset Management Ltd grew its stake in shares of Amer Sports by 104.4% during the third quarter. WT Asset Management Ltd now owns 1,251,181 shares of the company's stock worth $19,956,000 after purchasing an additional 638,939 shares in the last quarter. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Amer Sports Stock Down 1.4 %

Shares of NYSE:AS traded down $0.27 during midday trading on Wednesday, hitting $19.70. The company had a trading volume of 1,644,190 shares, compared to its average volume of 1,679,631. Amer Sports, Inc. has a 12 month low of $10.11 and a 12 month high of $20.68. The firm has a fifty day simple moving average of $16.99 and a 200 day simple moving average of $14.62. The company has a quick ratio of 0.81, a current ratio of 1.87 and a debt-to-equity ratio of 0.58.

Amer Sports (NYSE:AS - Get Free Report) last announced its earnings results on Tuesday, August 20th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.11. Amer Sports had a negative return on equity of 0.63% and a negative net margin of 2.79%. The company had revenue of $993.80 million for the quarter, compared to analyst estimates of $947.59 million. The business's revenue was up 16.0% on a year-over-year basis. As a group, equities research analysts expect that Amer Sports, Inc. will post 0.44 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on AS. Wells Fargo & Company cut Amer Sports from an "overweight" rating to an "equal weight" rating and upped their target price for the company from $17.00 to $19.00 in a research report on Monday, October 14th. UBS Group boosted their price target on shares of Amer Sports from $19.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Evercore ISI reiterated an "outperform" rating and issued a $21.00 price objective on shares of Amer Sports in a research report on Wednesday, August 21st. Citigroup increased their target price on shares of Amer Sports from $19.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Nomura Securities upgraded shares of Amer Sports to a "strong-buy" rating in a report on Tuesday, September 24th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $19.57.

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.