Brown Advisory Inc. Has $144.55 Million Stock Position in Amer Sports, Inc. (NYSE:AS)

Brown Advisory Inc. reduced its holdings in Amer Sports, Inc. (NYSE:AS - Free Report) by 14.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,169,988 shares of the company's stock after selling 889,808 shares during the period. Brown Advisory Inc. owned approximately 0.95% of Amer Sports worth $144,553,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. FMR LLC lifted its position in shares of Amer Sports by 250.7% in the 4th quarter. FMR LLC now owns 26,414,511 shares of the company's stock worth $738,550,000 after acquiring an additional 18,881,504 shares during the period. Marshall Wace LLP increased its holdings in Amer Sports by 262.5% in the 4th quarter. Marshall Wace LLP now owns 3,316,167 shares of the company's stock valued at $92,720,000 after buying an additional 2,401,302 shares during the period. WT Asset Management Ltd raised its stake in shares of Amer Sports by 188.2% in the 4th quarter. WT Asset Management Ltd now owns 3,606,363 shares of the company's stock valued at $100,834,000 after buying an additional 2,355,182 shares in the last quarter. Oxbow Capital Management HK Ltd bought a new position in shares of Amer Sports during the 4th quarter worth about $41,940,000. Finally, Trivest Advisors Ltd acquired a new position in Amer Sports in the fourth quarter worth about $39,913,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. UBS Group increased their target price on Amer Sports from $37.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Wells Fargo & Company dropped their price objective on Amer Sports from $28.00 to $24.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. The Goldman Sachs Group lowered their target price on shares of 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 stock an "equal weight" rating in a report on Tuesday, January 21st. Finally, Sanford C. Bernstein initiated coverage on Amer Sports in a report on Thursday, February 13th. They set an "outperform" rating and a $38.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Amer Sports presently has a consensus rating of "Moderate Buy" and an average price target of $31.45.

Amer Sports Trading Down 0.6 %

Shares of NYSE:AS traded down $0.15 during trading on Tuesday, hitting $25.58. 3,787,088 shares of the company's stock were exchanged, compared to its average volume of 2,552,114. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. The firm has a market cap of $14.16 billion, a P/E ratio of -182.67, a PEG ratio of 0.72 and a beta of 2.76. The firm has a 50-day moving average price of $25.58 and a two-hundred day moving average price of $26.15. Amer Sports, Inc. has a 1-year low of $10.11 and a 1-year high of $34.00.

Amer Sports (NYSE:AS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. The business 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%. Amer Sports's quarterly revenue was up 23.2% compared to the same quarter last year. Equities analysts predict that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

Amer Sports Company 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.