Brilliance Asset Management Ltd. boosted its position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 5.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,073,061 shares of the company's stock after acquiring an additional 196,380 shares during the quarter. Amer Sports accounts for approximately 25.7% of Brilliance Asset Management Ltd.'s investment portfolio, making the stock its biggest position. Brilliance Asset Management Ltd. owned 0.75% of Amer Sports worth $113,883,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. West Branch Capital LLC boosted its stake in 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 purchasing an additional 1,000 shares during the period. Kieckhefer Group LLC acquired a new position in Amer Sports in the 4th quarter valued at about $42,000. JPMorgan Chase & Co. acquired a new stake in Amer Sports during the 3rd quarter worth approximately $25,000. GAMMA Investing LLC grew its stake in shares of 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 during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Amer Sports in the fourth quarter valued at approximately $104,000. Hedge funds and other institutional investors own 40.25% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently issued reports on AS. Morgan Stanley boosted their price target on shares of Amer Sports from $19.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. Hsbc Global Res cut Amer Sports from a "strong-buy" rating to a "hold" rating in a report on Monday, December 16th. The Goldman Sachs Group lifted their price target on Amer Sports from $28.00 to $31.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Robert W. Baird increased their price objective on Amer Sports from $24.00 to $30.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Finally, Sanford C. Bernstein began coverage on shares of Amer Sports in a research report on Thursday, February 13th. They set an "outperform" rating and a $38.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.64.
Read Our Latest Research Report on Amer Sports
Amer Sports Trading Down 1.4 %
AS stock traded down $0.38 during midday trading on Monday, hitting $26.17. The stock had a trading volume of 1,680,094 shares, compared to its average volume of 3,328,821. The company's 50-day moving average price is $29.64 and its 200 day moving average price is $24.85. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. The firm has a market cap of $14.49 billion and a PE ratio of -186.89. Amer Sports, Inc. has a 12-month low of $10.11 and a 12-month high of $34.00.
Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, meeting analysts' consensus estimates 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. The company's quarterly revenue was up 23.2% on a year-over-year basis. On average, equities research analysts predict that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.
About Amer Sports
(
Free Report)
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.
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