Handelsbanken Fonder AB Purchases New Position in Amer Sports, Inc. (NYSE:AS)

Handelsbanken Fonder AB 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 fund bought 17,000 shares of the company's stock, valued at approximately $475,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. JPMorgan Chase & Co. purchased a new stake in Amer Sports during the third quarter worth about $25,000. West Branch Capital LLC raised its holdings in shares of Amer Sports by 14,285.7% in 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 during the period. Kieckhefer Group LLC purchased a new position in Amer Sports in the fourth quarter valued at approximately $42,000. GAMMA Investing LLC grew its stake in shares of Amer Sports by 61.8% during the 4th 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. Finally, Quarry LP purchased a new stake in Amer Sports in the 3rd quarter worth about $61,000. Hedge funds and other institutional investors own 40.25% of the company's stock.

Amer Sports Trading Down 2.3 %

Shares of NYSE AS traded down $0.67 during trading hours on Thursday, hitting $28.78. The company's stock had a trading volume of 797,515 shares, compared to its average volume of 3,109,322. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. The stock has a market cap of $15.72 billion and a price-to-earnings ratio of -205.41. The business has a 50-day simple moving average of $30.15 and a 200-day simple moving average of $23.11. Amer Sports, Inc. has a 12 month low of $10.11 and a 12 month high of $34.00.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Amer Sports from $33.00 to $34.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. HSBC lowered 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 started coverage on Amer Sports in a research report on Thursday, February 13th. They set an "outperform" rating and a $38.00 target price on the stock. Morgan Stanley lifted their price target on Amer Sports from $19.00 to $27.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company increased their price objective on Amer Sports from $25.00 to $28.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Amer Sports has a consensus rating of "Moderate Buy" and a consensus target price of $31.50.

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.