Amer Sports, Inc. (NYSE:AS) Stock Holdings Lifted by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. boosted its position in Amer Sports, Inc. (NYSE:AS - Free Report) by 12.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,105,151 shares of the company's stock after acquiring an additional 121,962 shares during the quarter. Balyasny Asset Management L.P. owned 0.20% of Amer Sports worth $30,900,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in AS. GAMMA Investing LLC lifted its position 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 worth $54,000 after buying an additional 742 shares during the last quarter. West Branch Capital LLC increased its stake in 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 buying an additional 1,000 shares during the period. Signaturefd LLC raised its holdings in Amer Sports by 35.0% during the fourth quarter. Signaturefd LLC now owns 4,136 shares of the company's stock worth $116,000 after purchasing an additional 1,073 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Amer Sports by 55.9% in the 4th 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 during the period. Finally, Kieckhefer Group LLC purchased a new stake in shares of Amer Sports during the 4th quarter worth $42,000. Hedge funds and other institutional investors own 40.25% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on AS. JPMorgan Chase & Co. increased their price objective on shares of Amer Sports from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Citigroup lowered their price target on Amer Sports from $36.00 to $30.00 and set a "buy" rating for the company in a report on Monday, April 28th. Wells Fargo & Company cut their price objective on shares of Amer Sports from $28.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. UBS Group lifted their target price on Amer Sports from $37.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Finally, Morgan Stanley boosted their price objective on shares of Amer Sports from $19.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $31.45.

Amer Sports Stock Down 1.5 %

Shares of AS stock traded down $0.41 during mid-day trading on Friday, reaching $26.99. 2,069,044 shares of the company were exchanged, compared to its average volume of 2,576,348. The company has a market capitalization of $14.95 billion, a P/E ratio of -192.77, a P/E/G ratio of 0.72 and a beta of 2.76. The business's 50 day simple moving average is $25.43 and its 200 day simple moving average is $26.28. 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 fifty-two week low of $10.11 and a fifty-two week high of $34.00.

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