Marshall Wace LLP Grows Stock Position in Amer Sports, Inc. (NYSE:AS)

Marshall Wace LLP increased its position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 262.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,316,167 shares of the company's stock after buying an additional 2,401,302 shares during the period. Marshall Wace LLP owned about 0.61% of Amer Sports worth $92,720,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in AS. FMR LLC raised its holdings in shares of Amer Sports by 250.7% in the 4th quarter. FMR LLC now owns 26,414,511 shares of the company's stock valued at $738,550,000 after purchasing an additional 18,881,504 shares in the last quarter. Brilliance Asset Management Ltd. boosted its position in Amer Sports by 5.1% during the 4th quarter. Brilliance Asset Management Ltd. now owns 4,073,061 shares of the company's stock valued at $113,883,000 after acquiring an additional 196,380 shares in the last quarter. WT Asset Management Ltd increased its holdings in shares of Amer Sports by 188.2% in the 4th quarter. WT Asset Management Ltd now owns 3,606,363 shares of the company's stock valued at $100,834,000 after acquiring an additional 2,355,182 shares during the period. Trivest Advisors Ltd bought a new position in shares of Amer Sports in the 4th quarter worth $39,913,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Amer Sports during the 4th quarter worth $37,518,000. 40.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on AS. The Goldman Sachs Group decreased their price target on shares of Amer Sports from $33.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday. Morgan Stanley upped their price objective on shares of Amer Sports from $19.00 to $27.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. upped their price target on shares of Amer Sports from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. 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 research report on Wednesday, February 26th. Finally, UBS Group boosted their price target on Amer Sports from $37.00 to $42.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $32.36.

Amer Sports Stock Performance

AS stock traded up $0.66 during midday trading on Tuesday, hitting $22.32. 720,528 shares of the stock traded hands, compared to its average volume of 2,472,657. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. Amer Sports, Inc. has a 1-year low of $10.11 and a 1-year high of $34.00. The stock's fifty day simple moving average is $26.81 and its 200-day simple moving average is $25.77. The firm has a market cap of $12.36 billion, a P/E ratio of -159.42, a PEG ratio of 0.72 and a beta of 2.66.

Amer Sports (NYSE:AS - Get Free Report) last announced its earnings results 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 positive return on equity of 3.15% and a negative net margin of 0.74%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.60 billion. Amer Sports's revenue was up 23.2% on a year-over-year basis. On average, 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.