Anomaly Capital Management LP Invests $32.40 Million in Amer Sports, Inc. (NYSE:AS)

Anomaly Capital Management LP acquired a new position in Amer Sports, Inc. (NYSE:AS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,158,718 shares of the company's stock, valued at approximately $32,398,000. Amer Sports makes up approximately 1.0% of Anomaly Capital Management LP's investment portfolio, making the stock its 27th largest holding. Anomaly Capital Management LP owned about 0.21% of Amer Sports as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of AS. JPMorgan Chase & Co. bought a new stake in Amer Sports during the third quarter valued at about $25,000. West Branch Capital LLC grew its position in shares of Amer Sports by 14,285.7% during the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock worth $28,000 after purchasing an additional 1,000 shares in the last quarter. Kieckhefer Group LLC bought a new stake in Amer Sports during the 4th quarter valued at approximately $42,000. GAMMA Investing LLC lifted its holdings in Amer Sports by 61.8% in the 4th quarter. GAMMA Investing LLC now owns 1,942 shares of the company's stock worth $54,000 after purchasing an additional 742 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its stake in Amer Sports by 55.9% in the 4th quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock worth $97,000 after purchasing an additional 1,250 shares during the period. 40.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AS shares. Citigroup raised their price objective on Amer Sports from $24.00 to $36.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Sanford C. Bernstein assumed coverage on Amer Sports in a report on Thursday, February 13th. They issued an "outperform" rating and a $38.00 target price for the company. Morgan Stanley increased their price target on Amer Sports from $19.00 to $27.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. Wells Fargo & Company lifted their price objective on shares of Amer Sports from $25.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. raised 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. Four investment 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 MarketBeat, Amer Sports has a consensus rating of "Moderate Buy" and an average target price of $32.36.

Amer Sports Stock Up 0.4 %

Shares of NYSE AS traded up $0.10 during mid-day trading on Friday, reaching $24.18. 1,919,345 shares of the company were exchanged, compared to its average volume of 2,524,722. Amer Sports, Inc. has a 1 year low of $10.11 and a 1 year high of $34.00. The firm has a 50-day moving average of $26.20 and a 200 day moving average of $25.91. The stock has a market cap of $13.39 billion, a price-to-earnings ratio of -172.70, a P/E/G ratio of 0.72 and a beta of 2.66. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58.

Amer Sports (NYSE:AS - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate 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 analyst estimates of $1.60 billion. The firm's revenue was up 23.2% on a year-over-year basis. On average, research analysts expect 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.