209,043 Shares in Amer Sports, Inc. (NYSE:AS) Acquired by EAM Global Investors LLC

EAM Global Investors LLC purchased a new position in Amer Sports, Inc. (NYSE:AS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 209,043 shares of the company's stock, valued at approximately $5,845,000. Amer Sports comprises approximately 1.0% of EAM Global Investors LLC's portfolio, making the stock its 21st largest position.

Other hedge funds have also modified their holdings of the company. Element Capital Management LLC acquired a new stake in Amer Sports during the 4th quarter worth approximately $357,000. Public Employees Retirement System of Ohio acquired a new position in Amer Sports in the third quarter valued at $337,000. State Street Corp grew its stake in Amer Sports by 65.1% during the 3rd quarter. State Street Corp now owns 884,526 shares of the company's stock worth $14,108,000 after buying an additional 348,877 shares during the last quarter. GAM Holding AG acquired a new position in shares of Amer Sports in the 4th quarter valued at $13,460,000. Finally, Renaissance Capital LLC raised its holdings in shares of Amer Sports by 116.2% in the fourth quarter. Renaissance Capital LLC now owns 135,697 shares of the company's stock valued at $3,794,000 after buying an additional 72,936 shares during the last quarter. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AS has been the subject of a number of recent analyst reports. Citigroup raised their target price on Amer Sports from $24.00 to $36.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. The Goldman Sachs Group lifted their price objective on Amer Sports from $28.00 to $31.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Morgan Stanley increased their price target on Amer Sports from $19.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. TD Cowen boosted their target price on shares of Amer Sports from $29.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Finally, Sanford C. Bernstein initiated coverage on Amer Sports in a research note on Thursday, February 13th. They set an "outperform" rating and a $38.00 price target for the company. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $32.64.

Amer Sports Stock Down 4.7 %

NYSE:AS traded down $1.05 during trading hours on Monday, hitting $21.11. 749,572 shares of the company's stock traded hands, compared to its average volume of 2,470,314. The stock's fifty day moving average price is $26.98 and its two-hundred day moving average price is $25.74. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $34.00. The firm has a market cap of $11.69 billion, a P/E ratio of -150.77, a P/E/G ratio of 0.72 and a beta of 2.66. 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 (NYSE:AS - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.60 billion. The company's revenue for the quarter 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 fiscal 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.