Schonfeld Strategic Advisors LLC Cuts Stock Holdings in Amer Sports, Inc. (NYSE:AS)

Schonfeld Strategic Advisors LLC reduced its stake in Amer Sports, Inc. (NYSE:AS - Free Report) by 88.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,519 shares of the company's stock after selling 892,146 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Amer Sports were worth $3,146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. West Branch Capital LLC boosted its stake in shares of 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 in the last quarter. Kieckhefer Group LLC acquired a new stake in Amer Sports during the 4th quarter worth approximately $42,000. JPMorgan Chase & Co. acquired a new position in Amer Sports in the 3rd quarter valued at approximately $25,000. GAMMA Investing LLC increased its position in Amer Sports by 61.8% in the 4th quarter. GAMMA Investing LLC now owns 1,942 shares of the company's stock valued at $54,000 after acquiring an additional 742 shares during the period. Finally, Sterling Capital Management LLC raised its stake in shares of Amer Sports by 55.9% during the fourth quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock valued at $97,000 after acquiring an additional 1,250 shares during the last quarter. 40.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Amer Sports from $28.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Morgan Stanley increased their price target on Amer Sports from $19.00 to $27.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. UBS Group lifted their price objective on Amer Sports from $37.00 to $42.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. upped their target price on Amer Sports from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Finally, Sanford C. Bernstein began coverage on shares of Amer Sports in a report on Thursday, February 13th. They set an "outperform" rating and a $38.00 price target for the company. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $31.45.

Amer Sports Stock Up 4.6 %

NYSE AS traded up $1.18 on Wednesday, hitting $26.75. 3,320,034 shares of the company were exchanged, compared to its average volume of 2,555,173. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. The stock has a fifty day moving average of $25.58 and a 200-day moving average of $26.15. The company has a market cap of $14.82 billion, a PE ratio of -191.09, a PEG ratio of 0.72 and a beta of 2.76. Amer Sports, Inc. has a 12 month low of $10.11 and a 12 month high of $34.00.

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, hitting 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 analyst estimates of $1.60 billion. The firm's revenue was up 23.2% compared to the same quarter last year. As a group, analysts forecast 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.