Amer Sports, Inc. (NYSE:AS) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in Amer Sports, Inc. (NYSE:AS - Free Report) by 14,640.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,418,001 shares of the company's stock after acquiring an additional 1,408,381 shares during the quarter. SG Americas Securities LLC owned about 0.26% of Amer Sports worth $37,903,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AS. Choreo LLC purchased a new stake in shares of Amer Sports during the fourth quarter worth about $250,000. GAM Holding AG acquired a new stake in Amer Sports during the 4th quarter valued at approximately $13,460,000. Handelsbanken Fonder AB acquired a new stake in Amer Sports during the 4th quarter valued at approximately $475,000. Proficio Capital Partners LLC purchased a new stake in Amer Sports during the 4th quarter worth approximately $618,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in shares of Amer Sports in the 4th quarter valued at approximately $283,000. Institutional investors and hedge funds own 40.25% of the company's stock.

Analyst Upgrades and Downgrades

AS has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their price target on shares of Amer Sports from $28.00 to $44.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. raised their price objective 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. Sanford C. Bernstein initiated coverage on shares of Amer Sports in a research report on Thursday, February 13th. They issued an "outperform" rating and a $38.00 target price for the company. Morgan Stanley upped their target price on shares of Amer Sports from $28.00 to $33.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 21st. Finally, Wall Street Zen upgraded Amer Sports from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $36.67.

Amer Sports Stock Performance

AS stock traded down $1.22 during midday trading on Friday, reaching $36.19. The company had a trading volume of 4,981,094 shares, compared to its average volume of 3,026,490. The firm has a market capitalization of $20.04 billion, a PE ratio of -258.49, a P/E/G ratio of 0.72 and a beta of 3.64. The stock has a 50 day moving average price of $29.48 and a 200 day moving average price of $28.94. Amer Sports, Inc. has a fifty-two week low of $10.11 and a fifty-two week high of $39.17. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58.

Amer Sports (NYSE:AS - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.12. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the firm posted $0.08 EPS. The business's revenue for the quarter was up 24.5% compared to the same quarter last year. Analysts anticipate that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

About Amer Sports

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.