Amer Sports, Inc. (NYSE:AS) Shares Bought by Fmr LLC

FMR LLC increased its position in Amer Sports, Inc. (NYSE:AS - Free Report) by 71.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,533,007 shares of the company's stock after purchasing an additional 3,133,312 shares during the quarter. FMR LLC owned approximately 1.49% of Amer Sports worth $120,151,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AS. GSA Capital Partners LLP purchased a new stake in shares of Amer Sports in the 3rd quarter worth approximately $2,097,000. WCM Investment Management LLC lifted its holdings in Amer Sports by 29.9% during the third quarter. WCM Investment Management LLC now owns 1,330,092 shares of the company's stock worth $21,787,000 after buying an additional 306,001 shares during the period. WT Asset Management Ltd lifted its holdings in Amer Sports by 104.4% during the third quarter. WT Asset Management Ltd now owns 1,251,181 shares of the company's stock worth $19,956,000 after buying an additional 638,939 shares during the period. China Universal Asset Management Co. Ltd. increased its holdings in shares of Amer Sports by 47.2% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 116,970 shares of the company's stock valued at $1,866,000 after acquiring an additional 37,500 shares during the period. Finally, Signaturefd LLC bought a new position in shares of Amer Sports in the 3rd quarter worth $49,000. 40.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AS. The Goldman Sachs Group raised their price objective on Amer Sports from $19.00 to $21.00 and gave the company a "buy" rating in a research report on Monday, October 21st. UBS Group lifted their price objective on shares of Amer Sports from $24.00 to $27.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. increased their target price on shares of Amer Sports from $19.00 to $26.00 and gave the company an "overweight" rating in a research report on Wednesday, November 20th. Evercore ISI reaffirmed an "outperform" rating and issued a $26.00 price target (up from $25.00) on shares of Amer Sports in a report on Wednesday, November 20th. Finally, TD Cowen increased their price objective on Amer Sports from $21.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Four research 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 company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $21.43.

Amer Sports Stock Performance

AS traded down $0.69 during trading on Thursday, reaching $24.90. 17,215,671 shares of the company's stock were exchanged, compared to its average volume of 1,857,660. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. Amer Sports, Inc. has a 1 year low of $10.11 and a 1 year high of $26.85. The company's fifty day simple moving average is $20.03 and its 200-day simple moving average is $15.65. The stock has a market capitalization of $12.58 billion and a P/E ratio of -177.84.

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.