GAMMA Investing LLC Has $1.59 Million Stock Position in Amer Sports, Inc. (NYSE:AS)

GAMMA Investing LLC boosted its position in Amer Sports, Inc. (NYSE:AS - Free Report) by 2,965.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,528 shares of the company's stock after purchasing an additional 57,586 shares during the period. GAMMA Investing LLC's holdings in Amer Sports were worth $1,591,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Mackenzie Financial Corp acquired a new stake in shares of Amer Sports during the fourth quarter valued at approximately $819,000. Voloridge Investment Management LLC acquired a new stake in shares of Amer Sports in the fourth quarter worth $18,641,000. Woodline Partners LP purchased a new position in shares of Amer Sports during the fourth quarter valued at $14,135,000. Woodson Capital Management LP raised its position in Amer Sports by 29.8% during the fourth quarter. Woodson Capital Management LP now owns 1,050,000 shares of the company's stock valued at $29,358,000 after buying an additional 240,800 shares during the period. Finally, Vident Advisory LLC purchased a new stake in Amer Sports in the 4th quarter worth about $19,791,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Amer Sports Stock Performance

Shares of Amer Sports stock traded up $1.05 on Monday, reaching $37.29. The stock had a trading volume of 280,101 shares, compared to its average volume of 3,024,464. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. The business's 50-day moving average price is $29.79 and its two-hundred day moving average price is $29.06. The stock has a market cap of $20.66 billion, a P/E ratio of -266.15, a price-to-earnings-growth ratio of 0.72 and a beta of 3.64. Amer Sports, Inc. has a fifty-two week low of $10.11 and a fifty-two week high of $39.17.

Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.12. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company posted $0.08 earnings per share. Amer Sports's quarterly revenue was up 24.5% on a year-over-year basis. On average, sell-side analysts forecast that Amer Sports, Inc. will post 0.46 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on AS shares. The Goldman Sachs Group boosted their price target on shares of Amer Sports from $28.00 to $44.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. raised their price target on Amer Sports from $33.00 to $34.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Wall Street Zen raised Amer Sports from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. UBS Group restated a "buy" rating and issued a $50.00 price objective (up previously from $37.00) on shares of Amer Sports in a report on Wednesday, May 21st. Finally, Morgan Stanley raised their price objective on shares of Amer Sports from $28.00 to $33.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 21st. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $36.67.

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.