Barclays PLC Has $51,000 Holdings in Amer Sports, Inc. (NYSE:AS)

Barclays PLC lowered its stake in Amer Sports, Inc. (NYSE:AS - Free Report) by 89.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,164 shares of the company's stock after selling 26,854 shares during the quarter. Barclays PLC's holdings in Amer Sports were worth $51,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AS. Signaturefd LLC acquired a new position in Amer Sports in the third quarter worth approximately $49,000. Quarry LP acquired a new stake in shares of Amer Sports during the third quarter worth $61,000. CWM LLC acquired a new stake in shares of Amer Sports during the third quarter worth $73,000. Amalgamated Bank purchased a new stake in shares of Amer Sports during the second quarter valued at $83,000. Finally, Quantinno Capital Management LP acquired a new position in shares of Amer Sports in the 3rd quarter valued at $180,000. 40.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AS has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Amer Sports from $20.00 to $25.00 and gave the company an "equal weight" rating in a research note on Friday, December 20th. Evercore ISI upped their price target on shares of Amer Sports from $26.00 to $30.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. UBS Group lifted their price objective on shares of Amer Sports from $27.00 to $37.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Citigroup increased their target price on Amer Sports from $24.00 to $36.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Robert W. Baird lifted their price target on Amer Sports from $24.00 to $30.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $26.50.

Amer Sports Stock Up 1.2 %

Shares of AS traded up $0.37 during midday trading on Friday, hitting $30.90. The stock had a trading volume of 3,050,048 shares, compared to its average volume of 3,176,941. The company has a 50 day simple moving average of $25.37 and a two-hundred day simple moving average of $18.07. 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 $16.88 billion and a price-to-earnings ratio of -220.70. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $31.32.

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.