Sei Investments Co. Purchases New Position in Amer Sports, Inc. (NYSE:AS)

Sei Investments Co. bought a new stake in Amer Sports, Inc. (NYSE:AS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 45,396 shares of the company's stock, valued at approximately $1,269,000.

Other institutional investors have also made changes to their positions in the company. WT Asset Management Ltd boosted its position in Amer Sports by 188.2% during the fourth quarter. WT Asset Management Ltd now owns 3,606,363 shares of the company's stock valued at $100,834,000 after purchasing an additional 2,355,182 shares during the last quarter. Trivest Advisors Ltd purchased a new stake in shares of Amer Sports during the 4th quarter worth about $39,913,000. Greenwoods Asset Management Hong Kong Ltd. purchased a new stake in shares of Amer Sports during the 4th quarter worth about $21,608,000. GAM Holding AG acquired a new stake in shares of Amer Sports during the 4th quarter valued at about $13,460,000. Finally, State Street Corp grew its stake in shares of Amer Sports by 65.1% in the 3rd quarter. State Street Corp now owns 884,526 shares of the company's stock valued at $14,108,000 after buying an additional 348,877 shares in the last quarter. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Amer Sports Stock Performance

Shares of AS stock traded up $0.13 during trading hours on Friday, reaching $22.17. 4,376,529 shares of the company's stock were exchanged, compared to its average volume of 2,460,601. Amer Sports, Inc. has a fifty-two week low of $10.11 and a fifty-two week high of $34.00. 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 stock has a market capitalization of $12.28 billion, a P/E ratio of -158.31, a P/E/G ratio of 0.72 and a beta of 2.66. The business has a fifty day moving average price of $27.84 and a 200-day moving average price of $25.47.

Amer Sports (NYSE:AS - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, meeting 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 firm had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.60 billion. The firm's revenue was up 23.2% on a year-over-year basis. Analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on AS. UBS Group raised their price objective on shares of Amer Sports from $37.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. TD Cowen raised their price target on shares of Amer Sports from $29.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. HSBC cut shares of Amer Sports from a "buy" rating to a "hold" rating and set a $30.00 price objective for the company. in a report on Monday, December 16th. Wells Fargo & Company raised their target price on Amer Sports from $25.00 to $28.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Finally, Morgan Stanley boosted their price target on Amer Sports from $19.00 to $27.00 and gave the stock an "equal weight" rating in a research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $32.64.

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.