Amundi Sells 31,690 Shares of Amer Sports, Inc. (NYSE:AS)

Amundi trimmed its position in Amer Sports, Inc. (NYSE:AS - Free Report) by 24.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 98,566 shares of the company's stock after selling 31,690 shares during the quarter. Amundi's holdings in Amer Sports were worth $3,009,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of AS. JPMorgan Chase & Co. acquired a new stake in Amer Sports during the 3rd quarter worth approximately $25,000. West Branch Capital LLC grew its position in Amer Sports by 14,285.7% during the fourth 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 in the last quarter. Kieckhefer Group LLC bought a new position in Amer Sports during the 4th quarter worth $42,000. GAMMA Investing LLC raised its holdings 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 acquiring an additional 742 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Amer Sports during the 3rd quarter valued at $61,000. 40.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on AS shares. UBS Group raised their price target on Amer Sports from $37.00 to $42.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Hsbc Global Res cut shares of Amer Sports from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 16th. The Goldman Sachs Group upped their price target on shares of Amer Sports from $28.00 to $31.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Evercore ISI upped their price objective on Amer Sports from $26.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised 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. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $32.64.

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Amer Sports Trading Down 0.2 %

Shares of NYSE:AS traded down $0.07 during trading on Thursday, reaching $29.11. The stock had a trading volume of 2,011,674 shares, compared to its average volume of 2,206,972. Amer Sports, Inc. has a 52 week low of $10.11 and a 52 week high of $34.00. The firm's fifty day moving average is $29.85 and its 200 day moving average is $24.07. The stock has a market cap of $16.12 billion and a price-to-earnings ratio of -207.92. 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 (NYSE:AS - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, hitting analysts' consensus estimates of $0.17. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.60 billion. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. Amer Sports's revenue was up 23.2% on a year-over-year basis. As a group, equities analysts forecast 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.