WCM Investment Management LLC Has $21.79 Million Stock Holdings in Amer Sports, Inc. (NYSE:AS)

WCM Investment Management LLC increased its position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 29.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,330,092 shares of the company's stock after purchasing an additional 306,001 shares during the period. WCM Investment Management LLC owned 0.26% of Amer Sports worth $21,787,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. WT Asset Management Ltd increased its holdings in Amer Sports by 104.4% in the third quarter. WT Asset Management Ltd now owns 1,251,181 shares of the company's stock valued at $19,956,000 after buying an additional 638,939 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its holdings in Amer Sports by 47.2% in the third quarter. China Universal Asset Management Co. Ltd. now owns 116,970 shares of the company's stock valued at $1,866,000 after buying an additional 37,500 shares during the last quarter. Signaturefd LLC purchased a new position in shares of Amer Sports during the third quarter worth about $49,000. Seven Grand Managers LLC grew its holdings in shares of Amer Sports by 566.7% during the third quarter. Seven Grand Managers LLC now owns 100,000 shares of the company's stock worth $1,595,000 after purchasing an additional 85,000 shares during the last quarter. Finally, Creative Planning purchased a new position in shares of Amer Sports during the third quarter worth about $656,000. Hedge funds and other institutional investors own 40.25% of the company's stock.

Analyst Ratings Changes

AS has been the topic of several research reports. Nomura Securities raised Amer Sports to a "strong-buy" rating in a report on Tuesday, September 24th. TD Cowen increased their target price on shares of Amer Sports from $17.00 to $21.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. UBS Group increased their target price on shares of Amer Sports from $19.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. The Goldman Sachs Group raised their price objective on shares of Amer Sports from $19.00 to $21.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Finally, Wells Fargo & Company downgraded shares of Amer Sports from an "overweight" rating to an "equal weight" rating and raised their price objective for the company from $17.00 to $19.00 in a research report on Monday, October 14th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $19.21.

Amer Sports Trading Up 6.2 %

Shares of AS traded up $1.21 during mid-day trading on Monday, reaching $20.58. 2,266,531 shares of the company's stock were exchanged, compared to its average volume of 1,679,207. The company has a current ratio of 1.87, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The company has a 50-day simple moving average of $16.72 and a two-hundred day simple moving average of $14.55. Amer Sports, Inc. has a 52-week low of $10.11 and a 52-week high of $20.65.

Amer Sports (NYSE:AS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.11. The business had revenue of $993.80 million during the quarter, compared to analysts' expectations of $947.59 million. Amer Sports had a negative net margin of 2.79% and a negative return on equity of 0.63%. The firm's revenue for the quarter was up 16.0% on a year-over-year basis. As a group, sell-side analysts predict that Amer Sports, Inc. will post 0.44 EPS for the current fiscal year.

About Amer Sports

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.