Amer Sports, Inc. (NYSE:AS) Short Interest Update

Amer Sports, Inc. (NYSE:AS - Get Free Report) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 13,100,000 shares, an increase of 47.5% from the February 28th total of 8,880,000 shares. Currently, 12.1% of the company's stock are sold short. Based on an average daily trading volume, of 3,150,000 shares, the short-interest ratio is currently 4.2 days.

Hedge Funds Weigh In On Amer Sports

Several large investors have recently modified their holdings of AS. West Branch Capital LLC boosted its holdings in Amer Sports by 14,285.7% in the 4th quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock worth $28,000 after buying an additional 1,000 shares during the period. Kieckhefer Group LLC bought a new position in shares of Amer Sports in the fourth quarter worth $42,000. JPMorgan Chase & Co. purchased a new position in shares of Amer Sports in the third quarter valued at $25,000. GAMMA Investing LLC grew its position in shares of Amer Sports by 61.8% in the fourth 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, Sterling Capital Management LLC raised its stake in shares of Amer Sports by 55.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock valued at $97,000 after purchasing an additional 1,250 shares during the period. Hedge funds and other institutional investors own 40.25% of the company's stock.

Amer Sports Stock Performance

Amer Sports stock traded down $3.48 during trading on Thursday, hitting $24.88. The stock had a trading volume of 1,102,738 shares, compared to its average volume of 2,294,142. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. The stock's 50 day moving average is $29.45 and its two-hundred day moving average is $25.05. Amer Sports has a 1 year low of $10.11 and a 1 year high of $34.00. The stock has a market cap of $13.78 billion and a price-to-earnings ratio of -181.96.

Remove Ads

Amer Sports (NYSE:AS - Get Free Report) last posted its quarterly 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 company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.60 billion. The business's revenue was up 23.2% compared to the same quarter last year. As a group, analysts predict that Amer Sports will post 0.46 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on AS shares. Wells Fargo & Company raised their price objective on Amer Sports from $25.00 to $28.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. UBS Group raised their price target on shares of Amer Sports from $37.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. TD Cowen upped their price objective on shares of Amer Sports from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Evercore ISI increased their price objective on shares of Amer Sports from $26.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Finally, Robert W. Baird boosted their target price on Amer Sports from $24.00 to $30.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $32.64.

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.