Boothbay Fund Management LLC Raises Stake in Amer Sports, Inc. (NYSE:AS)

Boothbay Fund Management LLC grew its stake in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 772.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 275,127 shares of the company's stock after buying an additional 243,586 shares during the quarter. Boothbay Fund Management LLC owned 0.05% of Amer Sports worth $7,693,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in AS. Virtu Financial LLC purchased a new stake in shares of Amer Sports during the 3rd quarter valued at $167,000. Sanctuary Advisors LLC bought a new position in shares of Amer Sports during the 3rd quarter valued at $168,000. JPMorgan Chase & Co. bought a new position in shares of Amer Sports during the 3rd quarter valued at $25,000. GAMMA Investing LLC grew its holdings 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 valued at $54,000 after purchasing an additional 742 shares during the last quarter. Finally, Kieckhefer Group LLC bought a new position in shares of Amer Sports during the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 40.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AS shares. Wells Fargo & Company reduced their target price 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. JPMorgan Chase & Co. increased their target price on shares of Amer Sports from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Sanford C. Bernstein assumed coverage on shares of Amer Sports in a report on Thursday, February 13th. They set an "outperform" rating and a $38.00 target price on the stock. TD Cowen raised their price target on shares of Amer Sports from $29.00 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Finally, Morgan Stanley raised their price target 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. Four research 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.45.

Amer Sports Trading Up 1.3 %

Shares of NYSE:AS traded up $0.32 on Thursday, hitting $24.57. The company had a trading volume of 608,779 shares, compared to its average volume of 3,622,964. The firm's 50-day simple moving average is $25.89 and its two-hundred day simple moving average is $25.92. Amer Sports, Inc. has a 1 year low of $10.11 and a 1 year high of $34.00. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $13.61 billion, a price-to-earnings ratio of -174.66, a P/E/G ratio of 0.72 and a beta of 2.66.

Amer Sports (NYSE:AS - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, hitting 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 firm had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.60 billion. The firm's quarterly revenue was up 23.2% on a year-over-year basis. Equities analysts anticipate that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

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.