Trexquant Investment LP Acquires New Stake in Amer Sports, Inc. (NYSE:AS)

Trexquant Investment LP bought a new position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 181,357 shares of the company's stock, valued at approximately $5,071,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new position in Amer Sports in the third quarter valued at about $25,000. West Branch Capital LLC grew its holdings in Amer Sports by 14,285.7% during the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock valued at $28,000 after purchasing an additional 1,000 shares during the period. Kieckhefer Group LLC purchased a new stake in Amer Sports in the fourth quarter worth $42,000. GAMMA Investing LLC raised its stake in shares of Amer Sports by 61.8% in the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company's stock valued at $54,000 after buying an additional 742 shares during the period. Finally, Quarry LP purchased a new position in shares of Amer Sports during the 3rd quarter valued at $61,000. Hedge funds and other institutional investors own 40.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AS shares. Morgan Stanley increased their price target on shares of Amer Sports from $19.00 to $27.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Wells Fargo & Company lifted their target price on shares of Amer Sports from $25.00 to $28.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Sanford C. Bernstein started coverage on shares of Amer Sports in a report on Thursday, February 13th. They issued an "outperform" rating and a $38.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Amer Sports from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Finally, UBS Group upped their target price on shares of Amer Sports from $37.00 to $42.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $32.64.

Amer Sports Trading Down 9.9 %

AS traded down $2.38 on Thursday, hitting $21.74. 1,655,095 shares of the company were exchanged, compared to its average volume of 2,420,828. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. The firm has a fifty day simple moving average of $28.21 and a two-hundred day simple moving average of $25.37. The stock has a market capitalization of $12.04 billion, a PE ratio of -155.42, a price-to-earnings-growth ratio of 0.72 and a beta of 2.66. Amer Sports, Inc. has a 12 month low of $10.11 and a 12 month high of $34.00.

Amer Sports (NYSE:AS - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.17. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The firm had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.60 billion. The company's revenue was up 23.2% compared to the same quarter last year. Sell-side analysts expect that Amer Sports, Inc. will post 0.46 earnings per share 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.