SG Americas Securities LLC bought a new position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,620 shares of the company's stock, valued at approximately $269,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. West Branch Capital LLC raised its holdings in Amer Sports by 14,285.7% during 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 in the last quarter. Kieckhefer Group LLC acquired a new position in Amer Sports in the fourth quarter worth approximately $42,000. JPMorgan Chase & Co. acquired a new position in Amer Sports in the third quarter worth approximately $25,000. GAMMA Investing LLC grew its position 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 last quarter. Finally, Signaturefd LLC acquired a new position in Amer Sports in the third quarter worth approximately $49,000. Institutional investors own 40.25% of the company's stock.
Wall Street Analyst Weigh In
AS has been the topic of several recent research reports. The Goldman Sachs Group lifted their price target on shares of Amer Sports from $28.00 to $31.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. TD Cowen lifted their price objective on shares of Amer Sports from $29.00 to $33.00 and gave the stock a "buy" rating in a research 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 on the stock. in a research report on Monday, December 16th. Evercore ISI lifted their price objective on shares of Amer Sports from $26.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Finally, Robert W. Baird lifted their price objective on shares of Amer Sports from $24.00 to $30.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Amer Sports currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.07.
View Our Latest Report on AS
Amer Sports Price Performance
Shares of AS stock traded down $1.67 on Friday, hitting $30.90. The company's stock had a trading volume of 2,366,713 shares, compared to its average volume of 2,408,095. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. Amer Sports, Inc. has a fifty-two week low of $10.11 and a fifty-two week high of $34.00. The firm's fifty day moving average price is $29.10 and its 200-day moving average price is $20.69.
Amer Sports Company Profile
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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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