Aigen Investment Management LP Takes Position in Amer Sports, Inc. (NYSE:AS)

Aigen Investment Management LP bought a new position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,550 shares of the company's stock, valued at approximately $379,000.

Several other hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. acquired a new position in Amer Sports during the third quarter worth about $25,000. West Branch Capital LLC boosted its stake in shares of Amer Sports by 14,285.7% during the 4th quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock worth $28,000 after acquiring an additional 1,000 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in shares of Amer Sports in the 4th quarter worth approximately $42,000. GAMMA Investing LLC increased its stake in Amer Sports by 61.8% in the 4th quarter. GAMMA Investing LLC now owns 1,942 shares of the company's stock valued at $54,000 after purchasing an additional 742 shares in the last quarter. Finally, Quarry LP purchased a new position in Amer Sports in the 3rd quarter valued at approximately $61,000. 40.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AS shares. Wells Fargo & Company upped their target price on Amer Sports from $25.00 to $28.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Citigroup raised their target price on shares of Amer Sports from $24.00 to $36.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Robert W. Baird upped their price target on shares of Amer Sports from $24.00 to $30.00 and gave the company an "outperform" rating in a report on Monday, December 9th. The Goldman Sachs Group increased their price target on shares of Amer Sports from $28.00 to $31.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Finally, HSBC downgraded Amer Sports from a "buy" rating to a "hold" rating and set a $30.00 price objective for the company. in a research report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $32.64.

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Amer Sports Trading Up 4.4 %

NYSE AS traded up $1.14 during trading hours on Tuesday, hitting $26.74. 7,250,798 shares of the company's stock were exchanged, compared to its average volume of 3,398,229. The business's 50 day moving average is $30.05 and its 200-day moving average is $23.46. 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 12-month low of $10.11 and a 12-month high of $34.00. The firm has a market capitalization of $14.61 billion and a P/E ratio of -190.95.

Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.60 billion. Amer Sports's revenue was up 23.2% on a year-over-year basis. As a group, analysts anticipate that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Amer Sports Company 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.