Russell Investments Group Ltd. boosted its position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 341.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 246,901 shares of the company's stock after buying an additional 190,951 shares during the period. Russell Investments Group Ltd.'s holdings in Amer Sports were worth $6,903,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. West Branch Capital LLC boosted 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 purchasing an additional 1,000 shares during the period. Kieckhefer Group LLC purchased a new position in shares of Amer Sports during the fourth quarter worth approximately $42,000. JPMorgan Chase & Co. bought a new stake in Amer Sports during the 3rd quarter valued at $25,000. GAMMA Investing LLC lifted 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 purchasing an additional 742 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in Amer Sports in the fourth quarter valued at about $104,000. Institutional investors own 40.25% of the company's stock.
Amer Sports Stock Performance
Shares of Amer Sports stock traded down $0.26 during trading on Friday, reaching $22.14. The company's stock had a trading volume of 3,180,606 shares, compared to its average volume of 2,472,901. The company has a 50-day moving average price of $26.98 and a two-hundred day moving average price of $25.62. Amer Sports, Inc. has a fifty-two week low of $10.11 and a fifty-two week high of $34.00. The firm has a market cap of $12.26 billion, a PE ratio of -158.12, a P/E/G ratio of 0.72 and a beta of 2.66. 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 data on Tuesday, February 25th. The company reported $0.17 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 company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.60 billion. Amer Sports's quarterly revenue was up 23.2% on a year-over-year basis. On average, analysts forecast that Amer Sports, Inc. will post 0.46 EPS for the current year.
Analyst Ratings Changes
Several analysts have weighed in on AS shares. Citigroup boosted their price target on Amer Sports from $24.00 to $36.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. TD Cowen upped their target price on Amer Sports from $29.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. lifted their target price on Amer Sports from $33.00 to $34.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Sanford C. Bernstein initiated coverage on Amer Sports in a report on Thursday, February 13th. They issued an "outperform" rating and a $38.00 price objective on the stock. Finally, Wells Fargo & Company upped their target price on shares of Amer Sports from $25.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Four 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.64.
Check Out Our Latest Stock Report on AS
Amer Sports Company Profile
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Free Report)
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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