China Universal Asset Management Co. Ltd. Purchases 18,600 Shares of Amer Sports, Inc. (NYSE:AS)

China Universal Asset Management Co. Ltd. lifted its position in Amer Sports, Inc. (NYSE:AS - Free Report) by 15.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 135,570 shares of the company's stock after acquiring an additional 18,600 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in Amer Sports were worth $3,791,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake 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 buying an additional 742 shares during the period. West Branch Capital LLC boosted its holdings in shares of 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 buying an additional 1,000 shares during the period. Kieckhefer Group LLC bought a new stake in shares of Amer Sports during the 4th quarter worth $42,000. JPMorgan Chase & Co. bought a new stake in shares of Amer Sports during the 3rd quarter worth $25,000. Finally, Signaturefd LLC bought a new stake in Amer Sports in the 3rd quarter valued at $49,000. 40.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AS has been the subject of a number of research reports. Wells Fargo & Company increased their price target on shares of Amer Sports from $20.00 to $25.00 and gave the company an "equal weight" rating in a report on Friday, December 20th. UBS Group raised their price objective on shares of Amer Sports from $27.00 to $37.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. Robert W. Baird raised their price objective on shares of Amer Sports from $24.00 to $30.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Evercore ISI lifted their price target on shares of Amer Sports from $26.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Finally, TD Cowen lifted their price objective on shares of Amer Sports from $29.00 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.07.

Amer Sports Stock Up 0.4 %

AS traded up $0.14 during trading on Wednesday, reaching $31.80. 1,163,486 shares of the stock were exchanged, compared to its average volume of 2,623,394. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $34.00. The stock has a market cap of $17.38 billion and a P/E ratio of -227.31. The stock's 50 day moving average price is $28.76 and its two-hundred day moving average price is $20.39. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62.

About Amer Sports

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.