Trivest Advisors Ltd Invests $39.91 Million in Amer Sports, Inc. (NYSE:AS)

Trivest Advisors Ltd acquired a new position in Amer Sports, Inc. (NYSE:AS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,427,500 shares of the company's stock, valued at approximately $39,913,000. Amer Sports accounts for approximately 1.8% of Trivest Advisors Ltd's portfolio, making the stock its 22nd largest holding. Trivest Advisors Ltd owned approximately 0.26% of Amer Sports at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its position in shares of Amer Sports by 734.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 80,760 shares of the company's stock valued at $1,288,000 after purchasing an additional 71,086 shares in the last quarter. Woodson Capital Management LP bought a new position in Amer Sports during the third quarter valued at approximately $12,907,000. XTX Topco Ltd bought a new position in Amer Sports during the third quarter valued at approximately $609,000. Public Employees Retirement System of Ohio bought a new position in Amer Sports during the third quarter valued at approximately $337,000. Finally, State Street Corp raised its position in shares of Amer Sports by 65.1% in the third quarter. State Street Corp now owns 884,526 shares of the company's stock valued at $14,108,000 after purchasing an additional 348,877 shares during the period. Institutional investors own 40.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AS shares. Morgan Stanley boosted their price objective on shares of Amer Sports from $19.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. Hsbc Global Res lowered shares of Amer Sports from a "strong-buy" rating to a "hold" rating in a report on Monday, December 16th. Wells Fargo & Company upped their target price on shares of 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 upped 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. Finally, Robert W. Baird upped their price target 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. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amer Sports currently has an average rating of "Moderate Buy" and a consensus target price of $32.64.

Amer Sports Stock Down 0.8 %

NYSE AS traded down $0.23 during trading hours on Friday, reaching $28.94. 2,001,867 shares of the company's stock were exchanged, compared to its average volume of 2,219,772. The company has a market capitalization of $16.03 billion and a price-to-earnings ratio of -206.67. Amer Sports, Inc. has a one year low of $10.11 and a one year high of $34.00. The company's 50-day moving average is $29.78 and its two-hundred day moving average is $24.36. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62.

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 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 the consensus estimate of $1.60 billion. The business's revenue was up 23.2% on a year-over-year basis. On average, analysts forecast that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

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.