GAMMA Investing LLC lifted its position in Amer Sports, Inc. (NYSE:AS - Free Report) by 2,965.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,528 shares of the company's stock after buying an additional 57,586 shares during the period. GAMMA Investing LLC's holdings in Amer Sports were worth $1,591,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Sterling Capital Management LLC grew 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 worth $97,000 after acquiring an additional 1,250 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Amer Sports by 35.0% in the 4th quarter. Signaturefd LLC now owns 4,136 shares of the company's stock worth $116,000 after acquiring an additional 1,073 shares during the last quarter. Mainstream Capital Management LLC acquired a new position in shares of Amer Sports in the 4th quarter worth $190,000. Keel Point LLC acquired a new position in shares of Amer Sports in the 4th quarter worth $234,000. Finally, Choreo LLC acquired a new position in shares of Amer Sports in the 4th quarter worth $250,000. Institutional investors own 40.25% of the company's stock.
Amer Sports Stock Up 0.6%
NYSE:AS traded up $0.20 during trading hours on Wednesday, hitting $36.26. 2,548,863 shares of the company's stock traded hands, compared to its average volume of 3,053,989. The stock's fifty day moving average price is $30.60 and its two-hundred day moving average price is $29.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.80 and a current ratio of 1.66. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $39.17. The firm has a market cap of $20.08 billion, a P/E ratio of 98.00, a P/E/G ratio of 1.35 and a beta of 3.64.
Amer Sports (NYSE:AS - Get Free Report) last issued its earnings results on Tuesday, May 20th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.12. Amer Sports had a return on equity of 7.21% and a net margin of 3.70%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company posted $0.08 earnings per share. The business's quarterly revenue was up 24.5% compared to the same quarter last year. On average, research analysts expect that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on AS shares. UBS Group restated a "buy" rating and issued a $50.00 target price (up from $37.00) on shares of Amer Sports in a report on Wednesday, May 21st. Wells Fargo & Company set a $35.00 target price on Amer Sports and gave the stock an "equal weight" rating in a report on Wednesday, May 21st. Wall Street Zen raised Amer Sports from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. TD Securities upped their price target on Amer Sports from $30.00 to $41.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, Citigroup reissued a "buy" rating and set a $42.00 price target (up from $30.00) on shares of Amer Sports in a research report on Wednesday, May 21st. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $36.67.
Get Our Latest Analysis on Amer Sports
Amer Sports Company Profile
(
Free Report)
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.
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