XTX Topco Ltd purchased a new position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 38,192 shares of the company's stock, valued at approximately $609,000.
Other large investors also recently made changes to their positions in the company. Signaturefd LLC purchased a new position in shares of Amer Sports during the 3rd quarter worth $49,000. Quarry LP purchased a new position in shares of Amer Sports during the 3rd quarter worth $61,000. CWM LLC purchased a new position in shares of Amer Sports in the 3rd quarter worth $73,000. Amalgamated Bank purchased a new position in shares of Amer Sports in the 2nd quarter worth $83,000. Finally, Quantinno Capital Management LP purchased a new position in shares of Amer Sports in the 3rd quarter worth $180,000. Hedge funds and other institutional investors own 40.25% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the company. Evercore ISI increased their target price on Amer Sports from $26.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday. JPMorgan Chase & Co. increased their target price on Amer Sports from $19.00 to $26.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. TD Cowen raised their price objective on Amer Sports from $23.00 to $29.00 and gave the company a "buy" rating in a research report on Monday. UBS Group raised their price objective on Amer Sports from $24.00 to $27.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Finally, Robert W. Baird raised their price objective on Amer Sports from $24.00 to $30.00 and gave the company an "outperform" rating in a research report on Monday. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $23.07.
Check Out Our Latest Research Report on Amer Sports
Amer Sports Stock Performance
AS stock traded up $0.77 during midday trading on Friday, reaching $27.65. The company had a trading volume of 2,827,309 shares, compared to its average volume of 1,913,013. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average price of $20.97 and a 200 day moving average price of $16.02. Amer Sports, Inc. has a fifty-two week low of $10.11 and a fifty-two week high of $27.79. The firm has a market capitalization of $15.11 billion and a PE ratio of -197.49.
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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