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

Millennium Management LLC lifted its stake in Amer Sports, Inc. (NYSE:AS - Free Report) by 139.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 959,212 shares of the company's stock after buying an additional 559,317 shares during the quarter. Millennium Management LLC owned approximately 0.18% of Amer Sports worth $26,820,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AS. JPMorgan Chase & Co. bought a new position in shares of Amer Sports in the third quarter worth about $25,000. West Branch Capital LLC grew its holdings in shares of Amer Sports by 14,285.7% in the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock worth $28,000 after purchasing an additional 1,000 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of Amer Sports by 55.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock worth $97,000 after purchasing an additional 1,250 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Amer Sports in the fourth quarter worth about $104,000. Finally, Signaturefd LLC grew its holdings in shares of 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 last quarter. Hedge funds and other institutional investors own 40.25% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AS shares. Wall Street Zen upgraded shares of Amer Sports from a "hold" rating to a "buy" rating in a report on Saturday. TD Securities increased their target price on shares of Amer Sports from $30.00 to $41.00 and gave the stock a "buy" rating in a report on Wednesday. Citigroup reiterated a "buy" rating and set a $42.00 target price (up from $30.00) on shares of Amer Sports in a report on Wednesday. UBS Group restated a "buy" rating and issued a $50.00 price target (up from $37.00) on shares of Amer Sports in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on shares of Amer Sports from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amer Sports currently has an average rating of "Moderate Buy" and an average price target of $36.67.

Amer Sports Stock Performance

Shares of Amer Sports stock traded down $0.38 during midday trading on Friday, hitting $37.12. The company had a trading volume of 2,969,817 shares, compared to its average volume of 2,790,506. The stock has a market cap of $20.56 billion, a price-to-earnings ratio of -265.09, a PEG ratio of 0.72 and a beta of 2.76. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. The company has a fifty day simple moving average of $26.62 and a 200 day simple moving average of $27.46. Amer Sports, Inc. has a 12-month low of $10.11 and a 12-month high of $38.42.

Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the firm posted $0.08 EPS. Amer Sports's revenue was up 24.5% on a year-over-year basis. As a group, analysts predict that Amer Sports, Inc. will post 0.46 earnings per share 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.