Quantbot Technologies LP purchased a new stake in shares of Amer Sports, Inc. (NYSE:AS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,730 shares of the company's stock, valued at approximately $328,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its holdings 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 period. West Branch Capital LLC increased its stake in shares of Amer Sports by 14,285.7% during the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock valued at $28,000 after purchasing an additional 1,000 shares in the last quarter. Signaturefd LLC boosted its position in shares of Amer Sports by 35.0% in the 4th quarter. Signaturefd LLC now owns 4,136 shares of the company's stock worth $116,000 after purchasing an additional 1,073 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in shares of Amer Sports in the 4th quarter worth approximately $42,000. Finally, JPMorgan Chase & Co. bought a new position in Amer Sports during the 3rd quarter valued at approximately $25,000. Institutional investors own 40.25% of the company's stock.
Amer Sports Stock Performance
Shares of NYSE AS traded down $0.05 during midday trading on Tuesday, hitting $26.68. 1,366,408 shares of the company's stock traded hands, compared to its average volume of 2,291,390. 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 capitalization of $14.78 billion and a price-to-earnings ratio of -190.70. The firm has a fifty day moving average of $29.58 and a 200 day moving average of $24.94. Amer Sports, Inc. has a 1 year low of $10.11 and a 1 year high of $34.00.
Amer Sports (NYSE:AS - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share 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 for the quarter, compared to the consensus estimate of $1.60 billion. The firm's revenue was up 23.2% compared to the same quarter last year. On average, analysts forecast that Amer Sports, Inc. will post 0.46 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on AS shares. Robert W. Baird increased their target price on Amer Sports from $24.00 to $30.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Sanford C. Bernstein began coverage on shares of Amer Sports in a research note on Thursday, February 13th. They set an "outperform" rating and a $38.00 price objective for the company. Citigroup upped their target price on shares of Amer Sports from $24.00 to $36.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Hsbc Global Res cut Amer Sports from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 16th. Finally, Morgan Stanley lifted their target price on Amer Sports from $19.00 to $27.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $32.64.
View Our Latest Research Report on AS
Amer Sports Profile
(
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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