Public Employees Retirement System of Ohio Acquires Shares of 21,134 Amer Sports, Inc. (NYSE:AS)

Public Employees Retirement System of Ohio purchased a new stake in shares of Amer Sports, Inc. (NYSE:AS - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 21,134 shares of the company's stock, valued at approximately $337,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC bought a new position in shares of Amer Sports in the third quarter worth about $49,000. Quarry LP purchased a new position in Amer Sports during the third quarter valued at approximately $61,000. CWM LLC bought a new position in shares of Amer Sports in the third quarter worth approximately $73,000. Amalgamated Bank purchased a new stake in shares of Amer Sports in the second quarter worth $83,000. Finally, Quantinno Capital Management LP bought a new stake in shares of Amer Sports during the 3rd quarter valued at $180,000. Hedge funds and other institutional investors own 40.25% of the company's stock.

Amer Sports Trading Up 2.5 %

Shares of Amer Sports stock traded up $0.68 on Friday, reaching $28.18. The company had a trading volume of 1,871,834 shares, compared to its average volume of 1,930,344. The firm's 50-day moving average price is $22.09 and its two-hundred day moving average price is $16.57. Amer Sports, Inc. has a 1 year low of $10.11 and a 1 year high of $29.43. The firm has a market cap of $15.40 billion and a price-to-earnings ratio of -201.27. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77.

Wall Street Analysts Forecast Growth

AS has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Amer Sports from $19.00 to $26.00 and gave the stock an "overweight" rating in a report on Wednesday, November 20th. Hsbc Global Res cut Amer Sports from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 16th. Robert W. Baird boosted their price target on Amer Sports from $24.00 to $30.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Wells Fargo & Company increased their price objective on shares of Amer Sports from $20.00 to $25.00 and gave the company an "equal weight" rating in a report on Friday. Finally, The Goldman Sachs Group boosted their target price on shares of Amer Sports from $24.00 to $28.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Amer Sports currently has an average rating of "Moderate Buy" and a consensus target price of $25.14.

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.