Amer Sports, Inc. (NYSE:AS) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. cut its holdings in Amer Sports, Inc. (NYSE:AS - Free Report) by 19.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,143,373 shares of the company's stock after selling 1,026,615 shares during the quarter. Brown Advisory Inc. owned 0.75% of Amer Sports worth $110,752,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its holdings in shares of Amer Sports by 55.9% during the fourth quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock valued at $97,000 after purchasing an additional 1,250 shares in the last quarter. Signaturefd LLC raised its position in 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 buying an additional 1,073 shares during the last quarter. Keel Point LLC purchased a new position in Amer Sports in the 4th quarter worth about $234,000. Vontobel Holding Ltd. bought a new position in Amer Sports during the 1st quarter valued at about $245,000. Finally, Magnetar Financial LLC purchased a new stake in shares of Amer Sports during the 4th quarter valued at about $275,000. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. TD Securities boosted their price objective on shares of Amer Sports from $30.00 to $41.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. The Goldman Sachs Group boosted their target price on shares of Amer Sports from $28.00 to $44.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Piper Sandler assumed coverage on Amer Sports in a research note on Thursday, June 26th. They issued an "overweight" rating and a $45.00 price target on the stock. Wall Street Zen upgraded Amer Sports from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Finally, UBS Group reissued a "buy" rating and issued a $50.00 target price (up from $37.00) on shares of Amer Sports in a research report on Wednesday, May 21st. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $37.81.

Amer Sports Stock Up 0.0%

NYSE AS traded up $0.01 on Friday, hitting $38.15. The stock had a trading volume of 1,871,847 shares, compared to its average volume of 3,176,126. The business's fifty day moving average price is $35.62 and its 200 day moving average price is $30.53. The stock has a market cap of $21.13 billion, a price-to-earnings ratio of 103.11, a price-to-earnings-growth ratio of 1.56 and a beta of 3.36. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 0.80. Amer Sports, Inc. has a 52-week low of $10.11 and a 52-week high of $40.21.

Amer Sports (NYSE:AS - Get Free Report) last announced its earnings results on Tuesday, May 20th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate 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 period in the previous year, the business earned $0.08 EPS. The firm's revenue for the quarter was up 24.5% on a year-over-year basis. Equities research analysts anticipate that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

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.