809,200 Shares in Amer Sports, Inc. (NYSE:AS) Bought by Woodson Capital Management LP

Woodson Capital Management LP acquired a new stake in shares of Amer Sports, Inc. (NYSE:AS - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 809,200 shares of the company's stock, valued at approximately $12,907,000. Amer Sports makes up 2.5% of Woodson Capital Management LP's investment portfolio, making the stock its 18th largest position. Woodson Capital Management LP owned approximately 0.16% of Amer Sports at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of AS. Signaturefd LLC bought a new position in Amer Sports in the 3rd quarter valued at approximately $49,000. CWM LLC acquired a new stake in shares of Amer Sports during the 3rd quarter valued at $73,000. Dnca Finance bought a new stake in Amer Sports during the 2nd quarter worth $81,000. Amalgamated Bank acquired a new position in Amer Sports in the 2nd quarter worth about $83,000. Finally, Walleye Capital LLC acquired a new position in Amer Sports in the 3rd quarter worth about $274,000. Institutional investors and hedge funds own 40.25% of the company's stock.

Amer Sports Trading Up 1.8 %

AS traded up $0.46 during midday trading on Friday, reaching $26.33. 1,542,039 shares of the company were exchanged, compared to its average volume of 1,761,926. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. Amer Sports, Inc. has a one year low of $10.11 and a one year high of $26.85. The company's fifty day moving average price is $18.98 and its 200 day moving average price is $15.30.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AS. UBS Group lifted their price target on shares of Amer Sports from $24.00 to $27.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Morgan Stanley raised their price objective on Amer Sports from $15.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 20th. Nomura Securities upgraded shares of Amer Sports to a "strong-buy" rating in a report on Tuesday, September 24th. TD Cowen increased their price objective on shares of Amer Sports from $21.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $26.00 target price (up previously from $25.00) on shares of Amer Sports in a research note on Wednesday, November 20th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.43.

Amer Sports Profile

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.