Divisadero Street Capital Management LP Has $6.15 Million Holdings in Amer Sports, Inc. (NYSE:AS)

Divisadero Street Capital Management LP lessened its stake in Amer Sports, Inc. (NYSE:AS - Free Report) by 49.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 220,000 shares of the company's stock after selling 215,000 shares during the quarter. Divisadero Street Capital Management LP's holdings in Amer Sports were worth $6,151,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of AS. JPMorgan Chase & Co. bought a new stake in Amer Sports in the third quarter valued at $25,000. West Branch Capital LLC raised its holdings in shares of Amer Sports by 14,285.7% in the 4th 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 acquired a new stake in shares of Amer Sports during the 4th quarter valued at $42,000. GAMMA Investing LLC boosted its position in shares of Amer Sports by 61.8% in 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 period. Finally, Sterling Capital Management LLC boosted its holdings in shares of Amer Sports by 55.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock worth $97,000 after buying an additional 1,250 shares during the period. Institutional investors and hedge funds own 40.25% of the company's stock.

Amer Sports Stock Down 1.5 %

Shares of AS stock traded down $0.41 on Friday, hitting $26.99. The company's stock had a trading volume of 2,069,044 shares, compared to its average volume of 2,581,760. The stock has a market capitalization of $14.95 billion, a price-to-earnings ratio of -192.77, a P/E/G ratio of 0.72 and a beta of 2.76. Amer Sports, Inc. has a fifty-two week low of $10.11 and a fifty-two week high of $34.00. The firm's fifty day moving average price is $25.43 and its 200-day moving average price is $26.34. 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. The company had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.60 billion. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The company's quarterly revenue was up 23.2% compared to the same quarter last year. Research analysts anticipate that Amer Sports, Inc. will post 0.46 EPS for the current year.

Wall Street Analyst Weigh In

AS has been the subject of a number of research analyst reports. Citigroup reduced their target price on Amer Sports from $36.00 to $30.00 and set a "buy" rating for the company in a report on Monday, April 28th. Sanford C. Bernstein began coverage on Amer Sports in a research report on Thursday, February 13th. They set an "outperform" rating and a $38.00 price objective for the company. The Goldman Sachs Group dropped their target price on Amer Sports from $33.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. raised their price target 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. Finally, Wells Fargo & Company dropped 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 research note on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.45.

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.