Proficio Capital Partners LLC bought a new stake in shares of Amer Sports, Inc. (NYSE:AS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 22,088 shares of the company's stock, valued at approximately $618,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in AS. West Branch Capital LLC lifted its holdings in Amer Sports by 14,285.7% in the 4th quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock valued at $28,000 after acquiring an additional 1,000 shares during the last quarter. Kieckhefer Group LLC bought a new stake in shares of Amer Sports in the 4th quarter worth approximately $42,000. JPMorgan Chase & Co. acquired a new stake in Amer Sports during the third quarter valued at approximately $25,000. GAMMA Investing LLC grew its position in 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 buying an additional 742 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Amer Sports in the fourth quarter valued at $104,000. 40.25% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
AS has been the topic of a number of recent research reports. Sanford C. Bernstein initiated coverage on Amer Sports in a report on Thursday, February 13th. They issued an "outperform" rating and a $38.00 target price on the stock. HSBC lowered shares of Amer Sports from a "buy" rating to a "hold" rating and set a $30.00 price objective on the stock. in a research note on Monday, December 16th. Hsbc Global Res lowered Amer Sports from a "strong-buy" rating to a "hold" rating in a report on Monday, December 16th. 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. Finally, JPMorgan Chase & Co. boosted 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. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.64.
View Our Latest Research Report on AS
Amer Sports Stock Performance
Shares of NYSE:AS traded down $0.52 during midday trading on Thursday, hitting $27.46. The company's stock had a trading volume of 2,252,897 shares, compared to its average volume of 3,319,088. 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 50 day simple moving average is $29.76 and its 200 day simple moving average is $24.59. The stock has a market capitalization of $15.21 billion and a price-to-earnings ratio of -196.14. Amer Sports, Inc. has a fifty-two week low of $10.11 and a fifty-two week high of $34.00.
Amer Sports (NYSE:AS - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $1.60 billion. The business's revenue for the quarter was up 23.2% compared to the same quarter last year. As a group, research analysts anticipate that Amer Sports, Inc. will post 0.46 earnings per share for the current year.
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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