LMR Partners LLP Takes $1.34 Million Position in Amer Sports, Inc. (NYSE:AS)

LMR Partners LLP bought a new position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 48,000 shares of the company's stock, valued at approximately $1,342,000.

A number of other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in Amer Sports during the third quarter valued at $25,000. Artemis Investment Management LLP increased its stake in Amer Sports by 35.1% during the fourth quarter. Artemis Investment Management LLP now owns 24,817 shares of the company's stock valued at $694,000 after purchasing an additional 6,444 shares during the last quarter. Capricorn Fund Managers Ltd bought a new stake in Amer Sports during the fourth quarter valued at $3,834,000. Dakota Wealth Management bought a new stake in Amer Sports during the fourth quarter valued at $1,083,000. Finally, West Branch Capital LLC increased its stake in Amer Sports by 14,285.7% during the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock valued at $28,000 after purchasing an additional 1,000 shares during the last quarter. 40.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AS has been the subject of several analyst reports. Wells Fargo & Company boosted their price target on shares of Amer Sports from $24.00 to $25.00 and gave the company an "equal weight" rating in a report on Wednesday. UBS Group boosted their price target on shares of Amer Sports from $37.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Morgan Stanley boosted their price target 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. The Goldman Sachs Group reduced their price objective on shares of Amer Sports from $33.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Sanford C. Bernstein assumed coverage on shares of Amer Sports in a report on Thursday, February 13th. They issued an "outperform" rating and a $38.00 price objective for the company. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.55.

Amer Sports Trading Up 1.0%

NYSE AS traded up $0.31 on Friday, hitting $31.16. 4,026,873 shares of the company were exchanged, compared to its average volume of 2,647,817. The firm has a market capitalization of $17.26 billion, a P/E ratio of -222.56, a price-to-earnings-growth ratio of 0.72 and a beta of 2.76. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $34.00. 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 company's 50 day moving average price is $25.78 and its 200-day moving average price is $26.72.

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

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.