Monashee Investment Management LLC Invests $6.43 Million in Amer Sports, Inc. (NYSE:AS)

Monashee Investment Management LLC bought a new position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 230,000 shares of the company's stock, valued at approximately $6,431,000. Amer Sports accounts for 0.9% of Monashee Investment Management LLC's portfolio, making the stock its 13th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in shares of Amer Sports during the 3rd quarter valued at about $167,000. Sanctuary Advisors LLC bought a new stake in Amer Sports during the third quarter valued at approximately $168,000. JPMorgan Chase & Co. bought a new stake in shares of Amer Sports during the 3rd quarter valued at $25,000. GAMMA Investing LLC grew its stake in shares of Amer Sports by 61.8% during the 4th quarter. GAMMA Investing LLC now owns 1,942 shares of the company's stock valued at $54,000 after acquiring an additional 742 shares during the period. Finally, Kieckhefer Group LLC bought a new position in shares of Amer Sports in the fourth quarter worth approximately $42,000. 40.25% of the stock is owned by hedge funds and other institutional investors.

Amer Sports Stock Performance

Shares of AS traded up $1.45 during mid-day trading on Friday, reaching $25.70. 3,489,372 shares of the company's stock were exchanged, compared to its average volume of 2,529,989. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. The stock has a market capitalization of $14.23 billion, a PE ratio of -183.56, a price-to-earnings-growth ratio of 0.72 and a beta of 2.76. Amer Sports, Inc. has a 52-week low of $10.11 and a 52-week high of $34.00. The business's fifty day simple moving average is $25.73 and its 200-day simple moving average is $26.00.

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

Analyst Ratings Changes

A number of research firms recently issued reports on AS. The Goldman Sachs Group decreased their price target on shares of Amer Sports from $33.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Citigroup lowered their price objective on shares of Amer Sports from $36.00 to $30.00 and set a "buy" rating for the company in a research report on Monday. Sanford C. Bernstein initiated coverage on shares of Amer Sports in a research report on Thursday, February 13th. They issued an "outperform" rating and a $38.00 price target for the company. JPMorgan Chase & Co. boosted their target price on shares of Amer Sports from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Finally, Wells Fargo & Company lowered their target price on shares of Amer Sports from $28.00 to $24.00 and set an "equal weight" rating for the company in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amer Sports presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.45.

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.