Amer Sports, Inc. (NYSE:AS) Shares Bought by Seven Grand Managers LLC

Seven Grand Managers LLC increased its position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 200.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 300,000 shares of the company's stock after acquiring an additional 200,000 shares during the period. Amer Sports comprises 3.8% of Seven Grand Managers LLC's holdings, making the stock its 9th largest holding. Seven Grand Managers LLC owned approximately 0.05% of Amer Sports worth $8,388,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. West Branch Capital LLC boosted its stake in shares of Amer Sports by 14,285.7% in the 4th quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock valued at $28,000 after purchasing an additional 1,000 shares in the last quarter. Signaturefd LLC lifted its stake in Amer Sports by 35.0% in the 4th quarter. Signaturefd LLC now owns 4,136 shares of the company's stock valued at $116,000 after purchasing an additional 1,073 shares during the last quarter. Sterling Capital Management LLC boosted its position in Amer Sports by 55.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock valued at $97,000 after buying an additional 1,250 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Amer Sports during the third quarter worth $25,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Amer Sports during the fourth quarter worth $104,000. Institutional investors and hedge funds own 40.25% of the company's stock.

Amer Sports Stock Down 1.5%

Shares of NYSE AS opened at $30.83 on Friday. The company's 50 day moving average price is $25.69 and its 200-day moving average price is $26.63. 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 52-week low of $10.11 and a 52-week high of $34.00. The company has a market capitalization of $17.08 billion, a P/E ratio of -220.20, a price-to-earnings-growth ratio of 0.72 and a beta of 2.76.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AS. Citigroup cut their price objective on Amer Sports from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Sanford C. Bernstein began coverage on Amer Sports in a research note on Thursday, February 13th. They set an "outperform" rating and a $38.00 price target on the stock. The Goldman Sachs Group reduced their price target on Amer Sports from $33.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley raised their price objective on shares of Amer Sports from $19.00 to $27.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. Finally, Wells Fargo & Company boosted their target price on shares of Amer Sports from $24.00 to $25.00 and gave the stock an "equal weight" rating in a report on Wednesday. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $31.55.

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.

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