Interval Partners LP Boosts Stock Position in Amer Sports, Inc. (NYSE:AS)

Interval Partners LP raised its stake in shares of Amer Sports, Inc. (NYSE:AS) by 90.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 717,019 shares of the company’s stock after buying an additional 339,919 shares during the quarter. Interval Partners LP owned about 0.13% of Amer Sports worth $20,048,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AS. Junto Capital Management LP bought a new stake in shares of Amer Sports during the fourth quarter valued at approximately $66,793,000. Ethic Inc. purchased a new stake in Amer Sports during the 4th quarter valued at $341,000. Fred Alger Management LLC bought a new stake in shares of Amer Sports in the 4th quarter worth $2,272,000. D. E. Shaw & Co. Inc. purchased a new position in shares of Amer Sports in the fourth quarter worth $12,440,000. Finally, Deutsche Bank AG lifted its holdings in shares of Amer Sports by 812.5% during the fourth quarter. Deutsche Bank AG now owns 921,554 shares of the company’s stock valued at $25,767,000 after purchasing an additional 820,560 shares in the last quarter. 40.25% of the stock is owned by institutional investors.

Amer Sports Trading Down 1.5 %

NYSE:AS opened at $26.99 on Friday. Amer Sports, Inc. has a one year low of $10.11 and a one year high of $34.00. The business has a fifty day moving average price of $25.43 and a 200-day moving average price of $26.34. The firm has a market capitalization of $14.95 billion, a price-to-earnings ratio of -192.77, a price-to-earnings-growth ratio of 0.72 and a beta of 2.76. 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 (NYSE:AS) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.60 billion. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. Sell-side analysts forecast that Amer Sports, Inc. will post 0.46 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AS shares. Sanford C. Bernstein assumed coverage on Amer Sports in a report on Thursday, February 13th. They issued an “outperform” rating and a $38.00 price objective for the company. UBS Group lifted their price target on shares of 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. increased their price objective on shares of Amer Sports from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. The Goldman Sachs Group dropped their target price on shares of Amer Sports from $33.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company lowered their price target on Amer Sports from $28.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Amer Sports presently has a consensus rating of “Moderate Buy” and an average target price 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.