12,771 Shares in Amer Sports, Inc. (NYSE:AS) Purchased by Element Capital Management LLC

Element Capital Management LLC acquired a new position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 12,771 shares of the company's stock, valued at approximately $357,000. Amer Sports makes up 3.5% of Element Capital Management LLC's portfolio, making the stock its 4th biggest position.

Several other large investors have also recently modified their holdings of the company. West Branch Capital LLC increased its position in shares of Amer Sports by 14,285.7% during the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock worth $28,000 after purchasing an additional 1,000 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in Amer Sports in the fourth quarter valued at about $42,000. JPMorgan Chase & Co. purchased a new stake in Amer Sports in the third quarter valued at about $25,000. GAMMA Investing LLC boosted its holdings in Amer Sports by 61.8% in the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company's stock worth $54,000 after acquiring an additional 742 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Amer Sports during the fourth quarter worth about $104,000. Institutional investors own 40.25% of the company's stock.

Amer Sports Stock Performance

AS stock traded up $0.46 during midday trading on Monday, hitting $29.35. 2,022,216 shares of the stock traded hands, compared to its average volume of 2,218,979. Amer Sports, Inc. has a 1-year low of $10.11 and a 1-year high of $34.00. 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 stock's fifty day simple moving average is $29.78 and its 200-day simple moving average is $24.46. The firm has a market cap of $16.26 billion and a P/E ratio of -209.66.

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Amer Sports (NYSE:AS - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, meeting analysts' consensus estimates of $0.17. The firm had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.60 billion. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The firm's revenue for the quarter was up 23.2% compared to the same quarter last year. On average, analysts expect that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. UBS Group lifted their target price on shares of Amer Sports from $37.00 to $42.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. HSBC downgraded shares of Amer Sports from a "buy" rating to a "hold" rating and set a $30.00 price objective for the company. in a research note on Monday, December 16th. Sanford C. Bernstein assumed coverage on Amer Sports in a research report on Thursday, February 13th. They issued an "outperform" rating and a $38.00 target price on the stock. Citigroup lifted their price target on Amer Sports from $24.00 to $36.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group increased their price objective on Amer Sports from $28.00 to $31.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.