Y Intercept Hong Kong Ltd purchased a new position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,258 shares of the company's stock, valued at approximately $467,000.
Other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC bought a new position in shares of Amer Sports during the 3rd quarter worth approximately $49,000. Quarry LP bought a new position in Amer Sports during the third quarter worth $61,000. CWM LLC acquired a new position in shares of Amer Sports in the third quarter valued at $73,000. Amalgamated Bank acquired a new stake in shares of Amer Sports during the 2nd quarter worth about $83,000. Finally, Quantinno Capital Management LP bought a new stake in shares of Amer Sports during the 3rd quarter worth about $180,000. Institutional investors and hedge funds own 40.25% of the company's stock.
Amer Sports Stock Performance
AS stock remained flat at $27.65 during midday trading on Monday. 2,631,059 shares of the company traded hands, compared to its average volume of 1,916,282. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. The firm has a market cap of $15.11 billion and a price-to-earnings ratio of -193.14. The company's fifty day moving average price is $21.18 and its two-hundred day moving average price is $16.12. Amer Sports, Inc. has a 1-year low of $10.11 and a 1-year high of $28.00.
Wall Street Analysts Forecast Growth
AS has been the subject of a number of recent research reports. Citigroup boosted their target price on shares of Amer Sports from $19.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. TD Cowen increased their target price on shares of Amer Sports from $23.00 to $29.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. JPMorgan Chase & Co. raised their target price on shares of Amer Sports from $19.00 to $26.00 and gave the stock an "overweight" rating in a report on Wednesday, November 20th. HSBC cut Amer Sports from a "buy" rating to a "hold" rating and set a $30.00 price target for the company. in a research note on Monday. Finally, Robert W. Baird lifted their price objective on Amer Sports from $24.00 to $30.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $24.07.
Check Out Our Latest Stock Analysis on Amer Sports
Amer 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.
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