Sciencast Management LP lifted its holdings in Amer Sports, Inc. (NYSE:AS - Free Report) by 173.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,122 shares of the company's stock after purchasing an additional 21,028 shares during the period. Sciencast Management LP's holdings in Amer Sports were worth $926,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new position in Amer Sports during the third quarter valued at $25,000. West Branch Capital LLC lifted its stake 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 buying an additional 1,000 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in Amer Sports in the 4th quarter worth about $42,000. GAMMA Investing LLC increased its stake in Amer Sports by 61.8% during the 4th quarter. GAMMA Investing LLC now owns 1,942 shares of the company's stock worth $54,000 after buying an additional 742 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Amer Sports during the third quarter valued at approximately $61,000. Institutional investors and hedge funds own 40.25% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently issued reports on AS. Evercore ISI lifted their price target on Amer Sports from $26.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Hsbc Global Res lowered shares of Amer Sports from a "strong-buy" rating to a "hold" rating in a report on Monday, December 16th. Robert W. Baird increased their target price on shares of Amer Sports from $24.00 to $30.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Sanford C. Bernstein started coverage on shares of Amer Sports in a research report on Thursday, February 13th. They set an "outperform" rating and a $38.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price objective on shares of Amer Sports from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Four equities research 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $32.64.
Read Our Latest Research Report on AS
Amer Sports Trading Down 1.9 %
Shares of NYSE AS traded down $0.52 during midday trading on Thursday, reaching $27.46. 2,252,897 shares of the stock were exchanged, compared to its average volume of 2,224,388. The stock has a market capitalization of $15.21 billion and a P/E ratio of -196.14. 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 company has a 50 day simple moving average of $29.76 and a 200 day simple moving average of $24.59. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $34.00.
Amer Sports (NYSE:AS - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The company had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.60 billion. The company's revenue for the quarter was up 23.2% on a year-over-year basis. As a group, equities analysts expect that Amer Sports, Inc. will post 0.46 earnings per share for the current year.
About Amer Sports
(
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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