Symmetry Investments LP acquired a new position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 119,300 shares of the company's stock, valued at approximately $3,336,000.
Several other hedge funds and other institutional investors also recently modified their holdings of AS. JPMorgan Chase & Co. purchased a new position in shares of Amer Sports in the third quarter worth approximately $25,000. West Branch Capital LLC boosted its position in shares of Amer Sports by 14,285.7% in the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock valued at $28,000 after acquiring an additional 1,000 shares during the period. Kieckhefer Group LLC bought a new stake in shares of Amer Sports in the fourth quarter valued at about $42,000. GAMMA Investing LLC boosted its position in shares of Amer Sports by 61.8% during 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 in the last quarter. Finally, Sterling Capital Management LLC boosted its stake 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 in the last quarter. Institutional investors own 40.25% of the company's stock.
Amer Sports Stock Performance
Amer Sports stock traded down $0.25 during trading hours on Monday, hitting $23.93. The company had a trading volume of 547,283 shares, compared to its average volume of 2,516,943. The firm has a market cap of $13.25 billion, a PE ratio of -170.59, a PEG ratio of 0.72 and a beta of 2.66. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. Amer Sports, Inc. has a one year low of $10.11 and a one year high of $34.00. The firm has a 50-day moving average of $26.20 and a 200 day moving average of $25.91.
Amer Sports (NYSE:AS - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (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 during the quarter, compared to analysts' expectations of $1.60 billion. The business's revenue was up 23.2% on a year-over-year basis. On average, sell-side analysts expect that Amer Sports, Inc. will post 0.46 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on AS. Morgan Stanley increased their price objective on Amer Sports from $19.00 to $27.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 21st. UBS Group lifted 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. 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. 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. Finally, The Goldman Sachs Group decreased their price target 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. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $31.82.
Get Our Latest Analysis on Amer Sports
About Amer Sports
(
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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