Jane Street Group LLC Boosts Stake in Amer Sports, Inc. (NYSE:AS)

Jane Street Group LLC boosted its holdings in Amer Sports, Inc. (NYSE:AS - Free Report) by 1,182.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 861,915 shares of the company's stock after acquiring an additional 794,718 shares during the quarter. Jane Street Group LLC owned about 0.16% of Amer Sports worth $24,099,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. West Branch Capital LLC grew its holdings in shares of Amer Sports by 14,285.7% in the 4th quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock worth $28,000 after acquiring an additional 1,000 shares during the period. Kieckhefer Group LLC purchased a new stake in Amer Sports during the fourth quarter worth $42,000. JPMorgan Chase & Co. purchased a new position in shares of Amer Sports in the third quarter valued at $25,000. GAMMA Investing LLC raised its stake in shares of Amer Sports by 61.8% during 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. Finally, Sterling Capital Management LLC boosted its position in shares of Amer Sports by 55.9% in the 4th quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock worth $97,000 after buying an additional 1,250 shares in the last quarter. Institutional investors and hedge funds own 40.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Morgan Stanley raised their target price on shares of Amer Sports from $19.00 to $27.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. raised 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. The Goldman Sachs Group reduced their target price on Amer Sports from $33.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company dropped their price target on Amer Sports from $28.00 to $24.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Finally, UBS Group upped their price objective on Amer Sports from $37.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.45.

Amer Sports Price Performance

AS opened at $25.70 on Monday. Amer Sports, Inc. has a 1 year low of $10.11 and a 1 year high of $34.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. The company's 50 day simple moving average is $25.73 and its 200 day simple moving average is $26.11. The stock has a market capitalization of $14.23 billion, a PE ratio of -183.56, 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 the consensus estimate of $0.17. The company had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.60 billion. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The firm's quarterly revenue was up 23.2% compared to the same quarter last year. As a group, sell-side analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current year.

About Amer Sports

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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