Charles Schwab Investment Management Inc. bought a new position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,111 shares of the company's stock, valued at approximately $283,000.
Other large 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% in the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock valued at $28,000 after acquiring an additional 1,000 shares during the last quarter. Kieckhefer Group LLC acquired a new position in shares of Amer Sports in the 4th quarter valued at $42,000. JPMorgan Chase & Co. bought a new position in shares of Amer Sports in the 3rd quarter worth $25,000. GAMMA Investing LLC grew its stake in shares of Amer Sports by 61.8% during the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company's stock worth $54,000 after purchasing an additional 742 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in Amer Sports in the fourth quarter valued at about $104,000. Institutional investors and hedge funds own 40.25% of the company's stock.
Analysts Set New Price Targets
AS has been the topic of a number of recent analyst reports. Robert W. Baird raised their target price on Amer Sports from $24.00 to $30.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Evercore ISI lifted their price objective on shares of Amer Sports from $26.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Wells Fargo & Company boosted their price objective on shares of Amer Sports from $25.00 to $28.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Citigroup lifted their price target on shares of Amer Sports from $24.00 to $36.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Finally, UBS Group boosted their price target on shares of Amer Sports from $37.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $32.64.
Read Our Latest Stock Report on AS
Amer Sports Stock Down 13.2 %
Shares of Amer Sports stock traded down $3.76 during trading on Thursday, reaching $24.60. The stock had a trading volume of 8,584,249 shares, compared to its average volume of 2,324,744. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $13.63 billion and a price-to-earnings ratio of -175.72. The stock has a fifty day moving average price of $29.45 and a two-hundred day moving average price of $25.05. Amer Sports, Inc. has a 52 week low of $10.11 and a 52 week high of $34.00.
Amer Sports (NYSE:AS - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, meeting 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 firm had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.60 billion. The company's revenue was up 23.2% compared to the same quarter last year. Sell-side analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.
Amer Sports Profile
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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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