9,836 Shares in Amer Sports, Inc. (NYSE:AS) Acquired by Magnetar Financial LLC

Magnetar Financial LLC acquired a new stake in Amer Sports, Inc. (NYSE:AS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 9,836 shares of the company's stock, valued at approximately $275,000.

Other hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its position in Amer Sports by 734.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 80,760 shares of the company's stock valued at $1,288,000 after buying an additional 71,086 shares in the last quarter. Woodson Capital Management LP acquired a new position in shares of Amer Sports during the third quarter valued at approximately $12,907,000. XTX Topco Ltd bought a new stake in Amer Sports during the third quarter worth approximately $609,000. Public Employees Retirement System of Ohio acquired a new stake in Amer Sports in the third quarter worth approximately $337,000. Finally, State Street Corp boosted its stake in Amer Sports by 65.1% during the 3rd quarter. State Street Corp now owns 884,526 shares of the company's stock valued at $14,108,000 after purchasing an additional 348,877 shares in the last quarter. 40.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on AS. Wells Fargo & Company boosted their price objective on Amer Sports from $25.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Citigroup raised their price objective on shares of Amer Sports from $24.00 to $36.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Robert W. Baird boosted their target price on shares of Amer Sports from $24.00 to $30.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. TD Cowen raised their target price on shares of Amer Sports from $29.00 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Finally, UBS Group upped their price target on Amer Sports from $37.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $32.64.

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Amer Sports Stock Down 1.9 %

NYSE:AS traded down $0.52 during trading hours on Thursday, hitting $27.46. 2,252,897 shares of the company's stock traded hands, compared to its average volume of 2,224,388. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $34.00. The firm has a market cap of $15.21 billion and a P/E ratio of -196.14. 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's fifty day moving average price is $29.76 and its two-hundred day moving average price is $24.59.

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

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.