Rhumbline Advisers Sells 19,287 Shares of Amer Sports, Inc. (NYSE:AS)

Rhumbline Advisers decreased its position in Amer Sports, Inc. (NYSE:AS - Free Report) by 27.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,788 shares of the company's stock after selling 19,287 shares during the quarter. Rhumbline Advisers' holdings in Amer Sports were worth $1,420,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AS. GAMMA Investing LLC increased its stake in shares of Amer Sports by 61.8% in the 4th quarter. GAMMA Investing LLC now owns 1,942 shares of the company's stock worth $54,000 after acquiring an additional 742 shares in the last quarter. West Branch Capital LLC grew its holdings in Amer Sports by 14,285.7% in the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock worth $28,000 after purchasing an additional 1,000 shares during the period. Kieckhefer Group LLC bought a new position in shares of Amer Sports during the fourth quarter valued at approximately $42,000. JPMorgan Chase & Co. purchased a new position in shares of Amer Sports during the third quarter valued at approximately $25,000. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Amer Sports during the fourth quarter valued at approximately $104,000. Hedge funds and other institutional investors own 40.25% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Citigroup upped their price target on Amer Sports from $24.00 to $36.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. The Goldman Sachs Group increased their target price on Amer Sports from $28.00 to $31.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Hsbc Global Res downgraded shares of Amer Sports from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 16th. HSBC cut shares of Amer Sports from a "buy" rating to a "hold" rating and set a $30.00 target price for the company. in a report on Monday, December 16th. Finally, Sanford C. Bernstein assumed coverage on shares of Amer Sports in a report on Thursday, February 13th. They set an "outperform" rating and a $38.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $32.64.

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Amer Sports Stock Performance

Amer Sports stock traded down $1.40 during mid-day trading on Friday, reaching $26.89. 6,418,549 shares of the stock traded hands, compared to its average volume of 3,230,244. Amer Sports, Inc. has a 12-month low of $10.11 and a 12-month high of $34.00. The business's 50-day moving average is $30.11 and its 200-day moving average is $23.24. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. The stock has a market capitalization of $14.69 billion and a PE ratio of -192.03.

Amer Sports (NYSE:AS - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.60 billion. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The company's revenue was up 23.2% compared to the same quarter last year. As a group, sell-side analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

About Amer Sports

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.