Ameriprise Financial Inc. Has $295,000 Stock Holdings in Amer Sports, Inc. (NYSE:AS)

Ameriprise Financial Inc. reduced its stake in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 42.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,534 shares of the company's stock after selling 7,619 shares during the quarter. Ameriprise Financial Inc.'s holdings in Amer Sports were worth $295,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its stake in Amer Sports by 55.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock valued at $97,000 after acquiring an additional 1,250 shares in the last quarter. Signaturefd LLC lifted its holdings in Amer Sports by 35.0% in the fourth quarter. Signaturefd LLC now owns 4,136 shares of the company's stock worth $116,000 after purchasing an additional 1,073 shares during the period. Mainstream Capital Management LLC bought a new position in Amer Sports in the 4th quarter valued at about $190,000. Keel Point LLC acquired a new position in Amer Sports during the 4th quarter valued at about $234,000. Finally, Choreo LLC acquired a new stake in shares of Amer Sports in the 4th quarter worth approximately $250,000. 40.25% of the stock is owned by institutional investors and hedge funds.

Amer Sports Stock Up 0.4%

Amer Sports stock traded up $0.15 during trading hours on Friday, hitting $37.53. The company had a trading volume of 4,035,654 shares, compared to its average volume of 2,966,571. Amer Sports, Inc. has a fifty-two week low of $10.11 and a fifty-two week high of $38.51. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. The firm has a market capitalization of $20.79 billion, a P/E ratio of -268.05, a price-to-earnings-growth ratio of 0.72 and a beta of 3.64. The firm's fifty day moving average is $28.24 and its 200-day moving average is $28.44.

Amer Sports (NYSE:AS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The company reported $0.27 EPS for the quarter, beating 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 analysts' expectations of $1.38 billion. During the same period in the previous year, the company posted $0.08 EPS. Amer Sports's revenue was up 24.5% on a year-over-year basis. On average, research analysts forecast that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

Wall Street Analyst Weigh In

AS has been the subject of several recent analyst reports. Sanford C. Bernstein began coverage on shares of Amer Sports in a report on Thursday, February 13th. They issued an "outperform" rating and a $38.00 price objective for the company. JPMorgan Chase & Co. increased their price target on Amer Sports from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. The Goldman Sachs Group boosted their price objective on Amer Sports from $28.00 to $44.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Wall Street Zen raised Amer Sports from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Finally, TD Securities lifted their target price on Amer Sports from $30.00 to $41.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Amer Sports has a consensus rating of "Moderate Buy" and an average price target of $36.67.

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.