Geode Capital Management LLC Has $4.50 Million Stake in Amer Sports, Inc. (NYSE:AS)

Geode Capital Management LLC lowered its holdings in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 53.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 282,015 shares of the company's stock after selling 319,833 shares during the quarter. Geode Capital Management LLC owned 0.06% of Amer Sports worth $4,498,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AS. Signaturefd LLC acquired a new position in Amer Sports in the 3rd quarter worth $49,000. Quarry LP bought a new stake in shares of Amer Sports in the third quarter valued at about $61,000. CWM LLC acquired a new position in shares of Amer Sports during the third quarter worth about $73,000. Amalgamated Bank bought a new position in shares of Amer Sports during the second quarter worth about $83,000. Finally, Quantinno Capital Management LP acquired a new stake in Amer Sports in the 3rd quarter valued at approximately $180,000. Institutional investors own 40.25% of the company's stock.

Amer Sports Stock Performance

AS traded up $0.34 on Monday, reaching $29.83. The company had a trading volume of 3,788,832 shares, compared to its average volume of 3,579,283. The stock has a market cap of $16.30 billion and a P/E ratio of -213.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. Amer Sports, Inc. has a fifty-two week low of $10.11 and a fifty-two week high of $31.32. The company's fifty day moving average is $24.13 and its 200 day moving average is $17.55.

Wall Street Analysts Forecast Growth

AS has been the subject of a number of recent research reports. Wells Fargo & Company upped their price target on Amer Sports from $20.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Friday, December 20th. Hsbc Global Res cut shares of Amer Sports from a "strong-buy" rating to a "hold" rating in a report on Monday, December 16th. Morgan Stanley lifted their price target on shares of Amer Sports from $15.00 to $19.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 20th. UBS Group raised their price target on Amer Sports from $27.00 to $37.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Finally, TD Cowen upped their price objective on Amer Sports from $23.00 to $29.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $25.14.

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.