Amer Sports, Inc. (NYSE:AS) Shares Bought by Mainstream Capital Management LLC

Mainstream Capital Management LLC raised its holdings in Amer Sports, Inc. (NYSE:AS - Free Report) by 148.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,850 shares of the company's stock after purchasing an additional 10,072 shares during the period. Mainstream Capital Management LLC's holdings in Amer Sports were worth $450,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sterling Capital Management LLC lifted its position in shares of 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 buying an additional 1,250 shares in the last quarter. Signaturefd LLC grew its position in shares of Amer Sports by 35.0% in the fourth quarter. Signaturefd LLC now owns 4,136 shares of the company's stock valued at $116,000 after purchasing an additional 1,073 shares during the period. Keel Point LLC acquired a new stake in shares of Amer Sports in the fourth quarter valued at about $234,000. Vontobel Holding Ltd. purchased a new stake in shares of Amer Sports during the first quarter worth about $245,000. Finally, Magnetar Financial LLC purchased a new stake in shares of Amer Sports during the fourth quarter worth about $275,000. 40.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AS has been the topic of a number of research reports. TD Securities raised their price target on shares of Amer Sports from $30.00 to $41.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Wells Fargo & Company set a $35.00 target price on Amer Sports and gave the company an "equal weight" rating in a research report on Wednesday, May 21st. UBS Group reaffirmed a "buy" rating and issued a $50.00 price target (up from $37.00) on shares of Amer Sports in a research note on Wednesday, May 21st. KGI Securities set a $44.30 price target on Amer Sports and gave the stock an "outperform" rating in a research report on Wednesday, June 25th. Finally, The Goldman Sachs Group increased their price objective on Amer Sports from $28.00 to $44.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.81.

Amer Sports Trading Up 1.8%

Shares of AS traded up $0.68 during midday trading on Friday, reaching $38.87. The company had a trading volume of 1,634,734 shares, compared to its average volume of 3,163,300. Amer Sports, Inc. has a 1-year low of $10.11 and a 1-year high of $40.21. The company has a quick ratio of 0.80, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. The firm has a 50 day simple moving average of $34.26 and a 200-day simple moving average of $30.20. The stock has a market cap of $21.52 billion, a PE ratio of 105.04, a price-to-earnings-growth ratio of 1.59 and a beta of 3.36.

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, beating analysts' consensus estimates of $0.15 by $0.12. Amer Sports had a net margin of 3.70% and a return on equity of 7.21%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the firm posted $0.08 earnings per share. Amer Sports's quarterly revenue was up 24.5% on a year-over-year basis. Research analysts forecast that Amer Sports, Inc. will post 0.46 EPS for the current fiscal 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.