Hood River Capital Management LLC Makes New Investment in Amer Sports, Inc. (NYSE:AS)

Hood River Capital Management LLC purchased a new stake in Amer Sports, Inc. (NYSE:AS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 183,225 shares of the company's stock, valued at approximately $5,123,000.

Other large investors have also made changes to their positions in the company. State Street Corp grew its position in Amer Sports by 65.1% in the third quarter. State Street Corp now owns 884,526 shares of the company's stock worth $14,108,000 after acquiring an additional 348,877 shares during the period. Virtu Financial LLC purchased a new position in Amer Sports in the third quarter worth approximately $167,000. Sanctuary Advisors LLC purchased a new position in Amer Sports in the third quarter worth approximately $168,000. JPMorgan Chase & Co. purchased a new position in Amer Sports in the third quarter worth approximately $25,000. Finally, GAMMA Investing LLC grew its position in Amer Sports by 61.8% in the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company's stock worth $54,000 after acquiring an additional 742 shares during the period. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Amer Sports Stock Performance

AS stock traded up $0.14 on Tuesday, reaching $24.40. 444,840 shares of the company were exchanged, compared to its average volume of 2,515,220. Amer Sports, Inc. has a 12 month low of $10.11 and a 12 month high of $34.00. The stock's fifty day moving average price is $26.07 and its 200 day moving average price is $25.94. The firm has a market capitalization of $13.51 billion, a PE ratio of -173.92, a PEG ratio of 0.72 and a beta of 2.66. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77.

Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.60 billion. The business's revenue for the quarter was up 23.2% compared to the same quarter last year. On average, research analysts anticipate that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group raised their price target on Amer Sports from $37.00 to $42.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. The Goldman Sachs Group cut their price objective on shares of Amer Sports from $33.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley upped their price objective on shares of Amer Sports from $19.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Sanford C. Bernstein assumed coverage on shares of Amer Sports in a research note on Thursday, February 13th. They set an "outperform" rating and a $38.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price target 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. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $31.82.

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.