Dakota Wealth Management Takes $1.08 Million Position in Amer Sports, Inc. (NYSE:AS)

Dakota Wealth Management bought a new stake in shares of Amer Sports, Inc. (NYSE:AS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 38,732 shares of the company's stock, valued at approximately $1,083,000.

Several other hedge funds also recently modified their holdings of AS. JPMorgan Chase & Co. acquired a new position in Amer Sports in the third quarter valued at about $25,000. Kieckhefer Group LLC acquired a new stake in shares of Amer Sports in the 4th quarter valued at approximately $42,000. Signaturefd LLC bought a new position in Amer Sports during the 3rd quarter worth approximately $49,000. GAMMA Investing LLC grew its holdings in Amer Sports by 61.8% during the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company's stock valued at $54,000 after purchasing an additional 742 shares during the period. Finally, Quarry LP bought a new stake in Amer Sports in the third quarter valued at approximately $61,000. Institutional investors own 40.25% of the company's stock.

Analyst Ratings Changes

AS has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of Amer Sports from $24.00 to $36.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. The Goldman Sachs Group boosted their target price on Amer Sports from $28.00 to $31.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. raised their price target on Amer Sports from $19.00 to $26.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. Evercore ISI increased their target price on Amer Sports from $26.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Finally, Hsbc Global Res lowered shares of Amer Sports from a "strong-buy" rating to a "hold" rating in a research note on Monday, December 16th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $27.07.

Amer Sports Stock Down 0.8 %

NYSE AS traded down $0.24 during trading hours on Friday, hitting $30.62. 1,950,320 shares of the company traded hands, compared to its average volume of 2,715,281. 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 business's 50-day moving average is $27.50 and its 200-day moving average is $19.27. The stock has a market capitalization of $16.73 billion and a price-to-earnings ratio of -218.72. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $31.60.

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.