Vident Advisory LLC bought a new stake in Amer Sports, Inc. (NYSE:AS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 707,837 shares of the company's stock, valued at approximately $19,791,000. Vident Advisory LLC owned approximately 0.13% of Amer Sports as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Element Capital Management LLC purchased a new position in shares of Amer Sports in the fourth quarter valued at $357,000. GAM Holding AG purchased a new position in shares of Amer Sports in the fourth quarter valued at $13,460,000. Renaissance Capital LLC grew its holdings in shares of Amer Sports by 116.2% in the fourth quarter. Renaissance Capital LLC now owns 135,697 shares of the company's stock valued at $3,794,000 after purchasing an additional 72,936 shares in the last quarter. Pamalican Asset Management Ltd purchased a new position in shares of Amer Sports in the fourth quarter valued at $20,970,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of Amer Sports in the fourth quarter valued at $283,000. 40.25% of the stock is owned by hedge funds and other institutional investors.
Amer Sports Trading Up 1.4%
Shares of NYSE:AS traded up $0.51 on Thursday, hitting $37.51. 6,653,127 shares of the company's stock were exchanged, compared to its average volume of 2,776,289. 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 business's 50 day simple moving average is $26.26 and its two-hundred day simple moving average is $27.08. The stock has a market capitalization of $20.77 billion, a price-to-earnings ratio of -267.91, a price-to-earnings-growth ratio of 0.72 and a beta of 2.76. 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 released its quarterly earnings data on Tuesday, May 20th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.12. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.38 billion. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The firm's quarterly revenue was up 24.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 earnings per share. Analysts anticipate that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.
Wall Street Analyst Weigh In
AS has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Amer Sports from $33.00 to $34.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Sanford C. Bernstein initiated coverage on shares of Amer Sports in a research note on Thursday, February 13th. They set an "outperform" rating and a $38.00 price objective for the company. Wells Fargo & Company lifted their price objective on shares of Amer Sports from $25.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Wednesday. UBS Group lifted their price objective on shares of Amer Sports from $37.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, The Goldman Sachs Group lifted their price objective on shares of Amer Sports from $28.00 to $44.00 and gave the stock a "buy" rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $36.67.
Read Our Latest Report on AS
Amer Sports Profile
(
Free Report)
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.
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