Interval Partners LP Increases Stock Position in Amer Sports, Inc. (NYSE:AS)

Interval Partners LP raised its holdings in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 90.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 717,019 shares of the company's stock after purchasing an additional 339,919 shares during the period. Interval Partners LP owned 0.13% of Amer Sports worth $20,048,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC grew its position in shares of Amer Sports by 61.8% in the 4th quarter. GAMMA Investing LLC now owns 1,942 shares of the company's stock worth $54,000 after buying an additional 742 shares during the last quarter. West Branch Capital LLC lifted its stake in Amer Sports by 14,285.7% during the 4th quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock valued at $28,000 after acquiring an additional 1,000 shares during the period. Signaturefd LLC lifted its stake in Amer Sports by 35.0% during the 4th quarter. Signaturefd LLC now owns 4,136 shares of the company's stock valued at $116,000 after acquiring an additional 1,073 shares during the period. Sterling Capital Management LLC lifted its stake in 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 acquiring an additional 1,250 shares during the period. Finally, Kieckhefer Group LLC acquired a new stake in Amer Sports during the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 40.25% of the company's stock.

Amer Sports Trading Up 0.7%

Shares of AS traded up $0.21 during mid-day trading on Wednesday, reaching $31.41. The stock had a trading volume of 1,256,894 shares, compared to its average volume of 2,610,780. 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, Inc. has a 52-week low of $10.11 and a 52-week high of $34.00. The business's fifty day moving average is $25.50 and its 200 day moving average is $26.51. The firm has a market cap of $17.39 billion, a price-to-earnings ratio of -224.02, a P/E/G ratio of 0.72 and a beta of 2.76.

Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.60 billion. The company's quarterly revenue was up 23.2% compared to the same quarter last year. On average, sell-side analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

AS has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on shares of Amer Sports from $24.00 to $25.00 and gave the company an "equal weight" rating in a research note on Wednesday. The Goldman Sachs Group decreased their target price on shares of Amer Sports from $33.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley boosted their target price on shares of Amer Sports from $19.00 to $27.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. Citigroup decreased their target price on shares of Amer Sports from $36.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Finally, UBS Group boosted their price target on shares of Amer Sports from $37.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $31.55.

Amer Sports Company 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.