Dymon Asia Capital Singapore PTE. LTD. Invests $2.15 Million in Amer Sports, Inc. (NYSE:AS)

Dymon Asia Capital Singapore PTE. LTD. purchased a new position in Amer Sports, Inc. (NYSE:AS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 77,000 shares of the company's stock, valued at approximately $2,153,000. Amer Sports makes up approximately 0.5% of Dymon Asia Capital Singapore PTE. LTD.'s portfolio, making the stock its 12th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in the company. West Branch Capital LLC lifted its stake in Amer Sports by 14,285.7% during the 4th 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 in the last quarter. Kieckhefer Group LLC purchased a new stake in shares of Amer Sports during the 4th quarter worth approximately $42,000. JPMorgan Chase & Co. bought a new stake in shares of Amer Sports in the third quarter valued at $25,000. GAMMA Investing LLC lifted its position in shares of Amer Sports by 61.8% during 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 last quarter. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in Amer Sports during the fourth quarter valued at about $104,000. Institutional investors and hedge funds own 40.25% of the company's stock.

Amer Sports Stock Down 0.7 %

Shares of NYSE AS traded down $0.16 during midday trading on Wednesday, hitting $22.49. The stock had a trading volume of 843,460 shares, compared to its average volume of 2,454,402. The company has a market cap of $12.46 billion, a P/E ratio of -160.63, a PEG ratio of 0.72 and a beta of 2.66. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. The business's 50 day moving average is $27.46 and its 200-day moving average is $25.56. 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 issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The firm had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.60 billion. The company's revenue for the quarter was up 23.2% compared to the same quarter last year. As a group, analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Sanford C. Bernstein started coverage on Amer Sports in a report on Thursday, February 13th. They set an "outperform" rating and a $38.00 target price for the company. Citigroup increased their target price 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. Morgan Stanley lifted their price target on Amer Sports from $19.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. Wells Fargo & Company upped their price objective on shares of Amer Sports from $25.00 to $28.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Finally, TD Cowen lifted their price objective on Amer Sports from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Four 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $32.64.

Amer Sports Company 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.