OPTIMAS CAPITAL Ltd bought a new stake in shares of Amer Sports, Inc. (NYSE:AS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 159,800 shares of the company's stock, valued at approximately $4,468,000. Amer Sports comprises about 6.0% of OPTIMAS CAPITAL Ltd's investment portfolio, making the stock its 4th largest holding.
Several other institutional investors have also modified their holdings of AS. FMR LLC lifted its holdings in Amer Sports by 71.2% in the 3rd quarter. FMR LLC now owns 7,533,007 shares of the company's stock valued at $120,151,000 after acquiring an additional 3,133,312 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings 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 acquiring an additional 71,086 shares during the last quarter. Walleye Capital LLC acquired a new stake in Amer Sports in the 3rd quarter valued at about $274,000. Woodson Capital Management LP acquired a new stake in Amer Sports in the 3rd quarter valued at about $12,907,000. Finally, Verition Fund Management LLC acquired a new stake in Amer Sports in the 3rd quarter valued at about $301,000. Institutional investors own 40.25% of the company's stock.
Amer Sports Stock Performance
AS traded down $0.23 during trading on Friday, hitting $28.94. The stock had a trading volume of 2,001,867 shares, compared to its average volume of 2,216,022. The company has a 50 day moving average price of $29.78 and a 200-day moving average price of $24.21. The firm has a market cap of $16.03 billion and a price-to-earnings ratio of -206.67. Amer Sports, Inc. has a one year low of $10.11 and a one year high of $34.00. 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 (NYSE:AS - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, meeting analysts' consensus estimates of $0.17. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.60 billion. Amer Sports's revenue was up 23.2% on a year-over-year basis. As a group, research analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on AS shares. The Goldman Sachs Group upped their target price on Amer Sports from $28.00 to $31.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Sanford C. Bernstein started coverage on Amer Sports in a report on Thursday, February 13th. They issued an "outperform" rating and a $38.00 price objective on the stock. Robert W. Baird increased their price objective on Amer Sports from $24.00 to $30.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Morgan Stanley increased their price objective on Amer Sports from $19.00 to $27.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Finally, TD Cowen increased their price objective on Amer Sports from $29.00 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $32.64.
Read Our Latest Stock Report on Amer Sports
Amer Sports Company Profile
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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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