Walleye Capital LLC increased its stake in Amer Sports, Inc. (NYSE:AS - Free Report) by 1,128.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,646 shares of the company's stock after buying an additional 193,498 shares during the period. Walleye Capital LLC's holdings in Amer Sports were worth $5,890,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Element Capital Management LLC purchased a new stake in shares of Amer Sports in the 4th quarter worth about $357,000. Public Employees Retirement System of Ohio purchased a new stake in Amer Sports in the third quarter worth about $337,000. State Street Corp increased its stake in shares of Amer Sports by 65.1% during 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 in the last quarter. GAM Holding AG bought a new stake in shares of Amer Sports in the 4th quarter worth approximately $13,460,000. Finally, Renaissance Capital LLC grew 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 buying an additional 72,936 shares during the last quarter. 40.25% of the stock is currently owned by hedge funds and other institutional investors.
Amer Sports Stock Performance
Shares of AS stock traded up $0.67 on Tuesday, reaching $22.33. The stock had a trading volume of 605,069 shares, compared to its average volume of 3,652,019. 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, Inc. has a 1 year low of $10.11 and a 1 year high of $34.00. The stock has a market cap of $12.37 billion, a P/E ratio of -159.49, a price-to-earnings-growth ratio of 0.72 and a beta of 2.66. The company has a 50 day simple moving average of $26.81 and a 200 day simple moving average of $25.77.
Amer Sports (NYSE:AS - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.17. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.60 billion. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. Amer Sports's quarterly revenue was up 23.2% on a year-over-year basis. Equities research analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research firms have commented on AS. Citigroup boosted their target price on Amer Sports from $24.00 to $36.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. TD Cowen raised their price objective on shares of Amer Sports from $29.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. upped their target price on shares of Amer Sports from $33.00 to $34.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. The Goldman Sachs Group reduced their price target on shares of Amer Sports from $33.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Morgan Stanley upped their price objective on Amer Sports from $19.00 to $27.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 21st. Four 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. According to data from MarketBeat, Amer Sports presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.36.
Check Out Our Latest Report on AS
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.
See Also
Before you consider Amer Sports, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amer Sports wasn't on the list.
While Amer Sports currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
