Amer Sports, Inc. (NYSE:AS) Shares Acquired by State Street Corp

State Street Corp boosted its holdings in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 65.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 884,526 shares of the company's stock after acquiring an additional 348,877 shares during the quarter. State Street Corp owned about 0.18% of Amer Sports worth $14,108,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FMR LLC grew its position in Amer Sports by 71.2% during the 3rd quarter. FMR LLC now owns 7,533,007 shares of the company's stock worth $120,151,000 after purchasing an additional 3,133,312 shares during the last quarter. Hood River Capital Management LLC increased its position in Amer Sports by 32.9% in the 2nd quarter. Hood River Capital Management LLC now owns 3,896,784 shares of the company's stock valued at $48,983,000 after acquiring an additional 965,625 shares during the period. Point72 Hong Kong Ltd raised its stake in Amer Sports by 557.7% during the 2nd quarter. Point72 Hong Kong Ltd now owns 3,274,519 shares of the company's stock valued at $41,161,000 after acquiring an additional 2,776,619 shares during the last quarter. Point72 Asset Management L.P. grew its stake in shares of Amer Sports by 308.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,106,202 shares of the company's stock valued at $39,045,000 after purchasing an additional 2,345,420 shares during the last quarter. Finally, WCM Investment Management LLC lifted its position in Amer Sports by 29.9% in the third quarter. WCM Investment Management LLC now owns 1,330,092 shares of the company's stock valued at $21,787,000 after purchasing an additional 306,001 shares during the period. Hedge funds and other institutional investors own 40.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AS. Morgan Stanley lifted their price target on Amer Sports from $15.00 to $19.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 20th. Nomura Securities raised shares of Amer Sports to a "strong-buy" rating in a research note on Tuesday, September 24th. TD Cowen boosted their price objective on shares of Amer Sports from $23.00 to $29.00 and gave the stock a "buy" rating in a report on Monday, December 9th. JPMorgan Chase & Co. increased their target price on shares of Amer Sports from $19.00 to $26.00 and gave the company an "overweight" rating in a report on Wednesday, November 20th. Finally, Robert W. Baird boosted their price target on Amer Sports from $24.00 to $30.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.14.

Amer Sports Trading Up 0.8 %

AS traded up $0.22 during trading on Wednesday, hitting $28.78. The company's stock had a trading volume of 636,797 shares, compared to its average volume of 1,926,592. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $29.43. The stock has a market cap of $15.72 billion and a PE ratio of -205.56. The firm's 50 day moving average price is $22.49 and its 200-day moving average price is $16.76. 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 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.