Tudor Investment Corp ET AL Buys 51,002 Shares of Amer Sports, Inc. (NYSE:AS)

Tudor Investment Corp ET AL grew its holdings in Amer Sports, Inc. (NYSE:AS - Free Report) by 84.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 111,218 shares of the company's stock after buying an additional 51,002 shares during the quarter. Tudor Investment Corp ET AL's holdings in Amer Sports were worth $3,110,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in AS. Virtu Financial LLC bought a new position in shares of Amer Sports during the third quarter valued at $167,000. JPMorgan Chase & Co. bought a new stake in Amer Sports during the 3rd quarter worth approximately $25,000. GAMMA Investing LLC increased its holdings in 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 purchasing an additional 742 shares in the last quarter. Kieckhefer Group LLC bought a new position in Amer Sports in the 4th quarter valued at $42,000. Finally, Artemis Investment Management LLP boosted its stake in Amer Sports by 35.1% in the fourth quarter. Artemis Investment Management LLP now owns 24,817 shares of the company's stock worth $694,000 after purchasing an additional 6,444 shares in the last quarter. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Amer Sports Trading Down 0.6 %

Shares of NYSE:AS traded down $0.15 during mid-day trading on Tuesday, reaching $25.58. The stock had a trading volume of 3,787,088 shares, compared to its average volume of 2,545,325. The firm has a market cap of $14.16 billion, a PE ratio of -182.67, a price-to-earnings-growth ratio of 0.72 and a beta of 2.76. The firm has a 50 day simple moving average of $25.64 and a two-hundred day simple moving average of $26.16. 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, Inc. has a twelve month low of $10.11 and a twelve month high of $34.00.

Amer Sports (NYSE:AS - Get Free Report) last released 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 business had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.60 billion. The company's quarterly revenue was up 23.2% on a year-over-year basis. On average, research analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AS. Citigroup reduced their price target on shares of Amer Sports from $36.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. The Goldman Sachs Group lowered their price target on shares of Amer Sports from $33.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. UBS Group upped their price objective on Amer Sports from $37.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Wells Fargo & Company lowered their target price on Amer Sports from $28.00 to $24.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Finally, TD Cowen raised their price target on Amer Sports from $29.00 to $33.00 and gave the company a "buy" rating in a 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $31.45.

About Amer Sports

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.