Greenwoods Asset Management Hong Kong Ltd. acquired a new position in Amer Sports, Inc. (NYSE:AS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 772,805 shares of the company's stock, valued at approximately $21,608,000. Amer Sports comprises about 0.7% of Greenwoods Asset Management Hong Kong Ltd.'s portfolio, making the stock its 20th biggest position. Greenwoods Asset Management Hong Kong Ltd. owned about 0.14% of Amer Sports as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of 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 during the period. West Branch Capital LLC lifted its holdings 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 worth $28,000 after purchasing an additional 1,000 shares in the last quarter. Kieckhefer Group LLC bought a new position in Amer Sports in the 4th quarter worth about $42,000. JPMorgan Chase & Co. purchased a new position in Amer Sports during the 3rd quarter valued at about $25,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Amer Sports during the fourth quarter valued at about $104,000. 40.25% of the stock is currently owned by institutional investors.
Amer Sports Price Performance
Shares of Amer Sports stock traded up $1.14 during trading on Tuesday, hitting $26.74. 7,251,048 shares of the stock traded hands, compared to its average volume of 3,399,781. The firm's fifty day moving average is $30.05 and its 200-day moving average is $23.46. The stock has a market cap of $14.61 billion and a price-to-earnings ratio of -190.95. Amer Sports, Inc. has a 52 week low of $10.11 and a 52 week high of $34.00. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58.
Amer Sports (NYSE:AS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, meeting analysts' consensus estimates of $0.17. The business had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.60 billion. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The firm's revenue was up 23.2% compared to the same quarter last year. Research analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on AS. Wells Fargo & Company raised 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 report on Wednesday, February 26th. The Goldman Sachs Group raised their price target on shares of Amer Sports from $28.00 to $31.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. UBS Group upped their price target on shares of Amer Sports from $37.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. TD Cowen lifted their price objective on Amer Sports from $29.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Finally, Sanford C. Bernstein initiated coverage on Amer Sports in a research report on Thursday, February 13th. They set an "outperform" rating and a $38.00 target price for the company. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $32.64.
Check Out Our Latest Stock Report on AS
Amer Sports Company Profile
(
Free Report)
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.
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