OMERS ADMINISTRATION Corp Invests $1.01 Million in Amer Sports, Inc. (NYSE:AS)

OMERS ADMINISTRATION Corp purchased a new position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 36,000 shares of the company's stock, valued at approximately $1,007,000.

Several other institutional investors have also recently made changes to their positions in the company. Oasis Management Co Ltd. acquired a new position in shares of Amer Sports in the 4th quarter valued at $419,000. Millennium Management LLC raised its holdings in shares of Amer Sports by 139.9% in the 4th quarter. Millennium Management LLC now owns 959,212 shares of the company's stock valued at $26,820,000 after buying an additional 559,317 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Amer Sports in the 4th quarter valued at $4,626,000. LMR Partners LLP purchased a new stake in shares of Amer Sports in the 4th quarter valued at $1,342,000. Finally, Interval Partners LP raised its holdings in shares of Amer Sports by 90.1% in the 4th quarter. Interval Partners LP now owns 717,019 shares of the company's stock valued at $20,048,000 after buying an additional 339,919 shares during the period. Hedge funds and other institutional investors own 40.25% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AS. Wells Fargo & Company boosted their price objective on Amer Sports from $24.00 to $25.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Morgan Stanley boosted their price objective on Amer Sports from $19.00 to $27.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. Citigroup cut their price target on Amer Sports from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Monday, April 28th. The Goldman Sachs Group cut their price target on Amer Sports from $33.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, UBS Group increased their price objective on Amer Sports from $37.00 to $42.00 and gave the company a "buy" rating in a report 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $31.55.

Amer Sports Stock Up 18.6%

Shares of AS traded up $5.84 during midday trading on Tuesday, reaching $37.23. 19,811,069 shares of the company were exchanged, compared to its average volume of 2,737,114. The stock has a 50-day moving average price of $25.87 and a 200-day moving average price of $26.94. The company has a market cap of $20.62 billion, a price-to-earnings ratio of -265.91, a P/E/G ratio of 0.72 and a beta of 2.76. Amer Sports, Inc. has a 1-year low of $10.11 and a 1-year high of $37.79. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58.

Amer Sports (NYSE:AS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.12. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The business's quarterly revenue was up 24.5% on a year-over-year basis. During the same quarter last year, the company posted $0.08 EPS. Research analysts expect that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

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.