Amer Sports, Inc. (NYSE:AS) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its holdings in Amer Sports, Inc. (NYSE:AS - Free Report) by 341.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 246,901 shares of the company's stock after acquiring an additional 190,951 shares during the period. Russell Investments Group Ltd.'s holdings in Amer Sports were worth $6,903,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of AS. JPMorgan Chase & Co. acquired a new stake in Amer Sports during the third quarter worth about $25,000. West Branch Capital LLC grew its position 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 acquiring an additional 1,000 shares during the period. Kieckhefer Group LLC acquired a new stake in Amer Sports during the fourth quarter worth $42,000. GAMMA Investing LLC lifted 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 valued at $54,000 after purchasing an additional 742 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Amer Sports during the 4th quarter worth $104,000. 40.25% of the stock is owned by hedge funds and other institutional investors.

Amer Sports Stock Down 1.2 %

Amer Sports stock traded down $0.26 during midday trading on Friday, reaching $22.14. The company's stock had a trading volume of 3,180,606 shares, compared to its average volume of 2,469,624. The company has a market cap of $12.26 billion, a P/E ratio of -158.12, a P/E/G ratio of 0.72 and a beta of 2.66. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. The business has a 50-day simple moving average of $27.13 and a 200-day simple moving average of $25.58. 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 quarterly earnings data on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, meeting analysts' consensus estimates of $0.17. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.60 billion. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The business's revenue was up 23.2% on a year-over-year basis. On average, research analysts expect that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on AS shares. The Goldman Sachs Group increased their target price on shares of Amer Sports from $28.00 to $31.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. UBS Group upped their price target on Amer Sports from $37.00 to $42.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Citigroup lifted their price objective on Amer Sports from $24.00 to $36.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Morgan Stanley increased their target price on Amer Sports from $19.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. Finally, 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 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $32.64.

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.