EntryPoint Capital LLC Invests $556,000 in Amer Sports, Inc. (NYSE:AS)

EntryPoint Capital LLC bought a new position in Amer Sports, Inc. (NYSE:AS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 19,870 shares of the company's stock, valued at approximately $556,000.

A number of other hedge funds have also added to or reduced their stakes in AS. GAMMA Investing LLC boosted its position 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 valued at $54,000 after buying an additional 742 shares during the last quarter. 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. Signaturefd LLC grew its stake in shares of Amer Sports by 35.0% in the 4th quarter. Signaturefd LLC now owns 4,136 shares of the company's stock worth $116,000 after acquiring an additional 1,073 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in shares of Amer Sports in the fourth quarter valued at about $42,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Amer Sports during the third quarter valued at about $25,000. Institutional investors and hedge funds own 40.25% of the company's stock.

Amer Sports Price Performance

Shares of NYSE:AS traded down $0.90 on Friday, hitting $26.57. The company's stock had a trading volume of 5,617,497 shares, compared to its average volume of 2,283,499. 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 company has a market capitalization of $14.72 billion and a PE ratio of -189.79. The company has a 50-day simple moving average of $29.64 and a 200 day simple moving average of $24.77.

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Amer Sports (NYSE:AS - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.60 billion. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. Amer Sports's revenue was up 23.2% on a year-over-year basis. Sell-side analysts forecast that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AS. TD Cowen upped their price objective on shares of Amer Sports from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Hsbc Global Res downgraded Amer Sports from a "strong-buy" rating to a "hold" rating in a research note on Monday, December 16th. Robert W. Baird boosted their target price on shares of Amer Sports from $24.00 to $30.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. UBS Group boosted their price objective on Amer Sports from $37.00 to $42.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Finally, Citigroup increased their target price 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. Four equities research 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. According to data from MarketBeat, Amer Sports presently has a consensus rating of "Moderate Buy" and an average price target of $32.64.

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.