AXQ Capital LP Acquires Shares of 9,889 Amer Sports, Inc. (NYSE:AS)

AXQ Capital LP purchased a new position in Amer Sports, Inc. (NYSE:AS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 9,889 shares of the company's stock, valued at approximately $276,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new stake in Amer Sports during the 3rd quarter valued at about $25,000. West Branch Capital LLC grew its holdings in shares of Amer Sports by 14,285.7% during the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock valued at $28,000 after buying an additional 1,000 shares during the last quarter. Kieckhefer Group LLC bought a new stake in shares of Amer Sports during the fourth quarter valued at approximately $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 worth $54,000 after acquiring an additional 742 shares during the last quarter. Finally, Quarry LP bought a new position in Amer Sports in the 3rd quarter valued at approximately $61,000. Hedge funds and other institutional investors own 40.25% of the company's stock.

Amer Sports Price Performance

Shares of AS traded down $0.52 during mid-day trading on Thursday, reaching $27.46. The stock had a trading volume of 2,252,897 shares, compared to its average volume of 2,224,388. The business has a fifty day moving average of $29.76 and a 200 day moving average of $24.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. The firm has a market cap of $15.21 billion and a price-to-earnings ratio of -196.14. Amer Sports, Inc. has a 12 month low of $10.11 and a 12 month high of $34.00.

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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 the consensus estimate of $0.17. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.60 billion. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The company's quarterly revenue was up 23.2% compared to the same quarter last year. Equities analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on AS. Citigroup lifted their target price on Amer Sports from $24.00 to $36.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Evercore ISI lifted their price objective on Amer Sports from $26.00 to $30.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. TD Cowen upped their target price on shares of Amer Sports from $29.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Wells Fargo & Company lifted their price target on shares of Amer Sports from $25.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Finally, Sanford C. Bernstein assumed coverage on shares of Amer Sports in a research report on Thursday, February 13th. They set an "outperform" rating and a $38.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, eight 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 stock has a consensus rating of "Moderate Buy" and a consensus price target of $32.64.

Amer Sports 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.