Amer Sports, Inc. (NYSE:AS) Shares Sold by Scotia Capital Inc.

Scotia Capital Inc. cut its holdings in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 50.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,353 shares of the company's stock after selling 51,833 shares during the quarter. Scotia Capital Inc.'s holdings in Amer Sports were worth $1,408,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new position in shares of Amer Sports during the third quarter worth about $25,000. West Branch Capital LLC lifted its position in Amer Sports by 14,285.7% during the 4th quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock worth $28,000 after acquiring an additional 1,000 shares in the last quarter. Kieckhefer Group LLC purchased a new position in Amer Sports in the 4th quarter worth approximately $42,000. GAMMA Investing LLC raised its stake in shares of Amer Sports by 61.8% during the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company's stock valued at $54,000 after purchasing an additional 742 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Amer Sports during the fourth quarter worth $104,000. 40.25% of the stock is owned by institutional investors and hedge funds.

Amer Sports Stock Performance

Shares of NYSE:AS traded down $0.26 during trading on Friday, reaching $22.14. 3,180,606 shares of the company's stock traded hands, compared to its average volume of 2,472,901. The stock has a market capitalization of $12.26 billion, a P/E ratio of -158.12, a price-to-earnings-growth ratio of 0.72 and a beta of 2.66. Amer Sports, Inc. has a 12 month low of $10.11 and a 12 month high of $34.00. The company has a 50 day moving average of $26.98 and a 200-day moving average of $25.62. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77.

Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly 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 positive return on equity of 3.15% and a negative net margin of 0.74%. The business had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.60 billion. The firm's revenue was up 23.2% compared to the same quarter last year. On average, equities analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Amer Sports from $28.00 to $31.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. TD Cowen lifted their target price on Amer Sports from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Morgan Stanley raised their price objective on Amer Sports from $19.00 to $27.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. 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 objective on the stock. Finally, UBS Group increased their target price on Amer Sports from $37.00 to $42.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $32.64.

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.