Quantessence Capital LLC Acquires New Holdings in Amer Sports, Inc. (NYSE:AS)

Quantessence Capital LLC purchased a new stake in shares of Amer Sports, Inc. (NYSE:AS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 39,337 shares of the company's stock, valued at approximately $1,100,000.

Several other hedge funds also recently modified their holdings of AS. JPMorgan Chase & Co. acquired a new position in Amer Sports in the third quarter worth approximately $25,000. 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 last quarter. Kieckhefer Group LLC acquired a new stake in shares of Amer Sports during the fourth quarter worth $42,000. GAMMA Investing LLC lifted its holdings in shares of Amer Sports by 61.8% during the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company's stock valued at $54,000 after purchasing 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 valued at $97,000 after purchasing an additional 1,250 shares during the period. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Amer Sports from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Wells Fargo & Company boosted their price target on shares of Amer Sports from $25.00 to $28.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. The Goldman Sachs Group decreased 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 note on Tuesday, April 22nd. UBS Group boosted their target price on shares of Amer Sports from $37.00 to $42.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Finally, Citigroup raised their target price on Amer Sports from $24.00 to $36.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Four investment 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.36.

Amer Sports Stock Up 0.4 %

Shares of AS traded up $0.10 during midday trading on Friday, reaching $24.18. 1,919,345 shares of the stock were exchanged, compared to its average volume of 2,524,722. The company has a market cap of $13.39 billion, a price-to-earnings ratio of -172.70, a P/E/G ratio of 0.72 and a beta of 2.66. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. Amer Sports, Inc. has a 12-month low of $10.11 and a 12-month high of $34.00. The firm has a 50 day simple moving average of $26.20 and a 200-day simple moving average of $25.86.

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