Aigen Investment Management LP bought a new position in Amer Sports, Inc. (NYSE:AS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 13,550 shares of the company's stock, valued at approximately $379,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. West Branch Capital LLC boosted its holdings in Amer Sports by 14,285.7% in the 4th 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 during the last quarter. Kieckhefer Group LLC purchased a new position in Amer Sports in the fourth quarter worth approximately $42,000. JPMorgan Chase & Co. acquired a new stake in Amer Sports during the third quarter worth $25,000. GAMMA Investing LLC raised its position in Amer Sports by 61.8% in 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 period. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Amer Sports in the 4th quarter valued at $104,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently issued reports on the company. Hsbc Global Res downgraded Amer Sports from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 16th. JPMorgan Chase & Co. boosted their price target on shares of Amer Sports from $33.00 to $34.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Robert W. Baird boosted their target price on Amer Sports from $24.00 to $30.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Morgan Stanley lifted their price target on Amer Sports from $19.00 to $27.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Finally, Citigroup lifted their price target 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 research 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 stock. According to MarketBeat, Amer Sports has a consensus rating of "Moderate Buy" and a consensus price target of $32.64.
Check Out Our Latest Analysis on AS
Shares of AS traded down $1.40 during trading hours on Friday, reaching $26.89. The company had a trading volume of 6,418,549 shares, compared to its average volume of 3,230,244. The company has a market capitalization of $14.69 billion and a price-to-earnings ratio of -192.03. 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 $30.11 and a 200-day simple moving average of $23.24. 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 results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.17. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.60 billion. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. Amer Sports's revenue was up 23.2% on a year-over-year basis. Research analysts expect that Amer Sports, Inc. will post 0.46 earnings per share for the current year.
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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