Symmetry Investments LP Takes Position in Amer Sports, Inc. (NYSE:AS)

Symmetry Investments LP bought a new stake in Amer Sports, Inc. (NYSE:AS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 119,300 shares of the company's stock, valued at approximately $3,336,000.

A number of other institutional investors have also modified their holdings of the business. Element Capital Management LLC purchased a new stake in shares of Amer Sports during the fourth quarter worth approximately $357,000. State Street Corp increased its stake in 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 during the period. GAM Holding AG purchased a new position in Amer Sports during the 4th quarter worth $13,460,000. Renaissance Capital LLC lifted its stake in shares of Amer Sports by 116.2% in the 4th quarter. Renaissance Capital LLC now owns 135,697 shares of the company's stock worth $3,794,000 after acquiring an additional 72,936 shares during the period. Finally, Pamalican Asset Management Ltd acquired a new position in shares of Amer Sports during the fourth quarter worth about $20,970,000. 40.25% of the stock is owned by institutional investors and hedge funds.

Amer Sports Trading Up 2.6 %

Shares of AS opened at $22.23 on Wednesday. The stock's fifty day simple moving average is $26.63 and its 200 day simple moving average is $25.75. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $34.00. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $12.31 billion, a P/E ratio of -158.77, a price-to-earnings-growth ratio of 0.72 and a beta of 2.66.

Amer Sports (NYSE:AS - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.17. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The business had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.60 billion. The company's revenue was up 23.2% compared to the same quarter last year. On average, equities research analysts forecast that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on AS. Wells Fargo & Company lifted their price objective on Amer Sports from $25.00 to $28.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. The Goldman Sachs Group dropped their target price on shares of Amer Sports from $33.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday. Morgan Stanley increased their price target on shares of Amer Sports from $19.00 to $27.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 21st. UBS Group increased their target price on Amer Sports from $37.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upped their price objective on Amer Sports from $33.00 to $34.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Four equities 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $32.36.

Amer Sports 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.

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