Mainstream Capital Management LLC Acquires Shares of 6,778 Amer Sports, Inc. (NYSE:AS)

Mainstream Capital Management LLC acquired a new stake in shares of Amer Sports, Inc. (NYSE:AS) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 6,778 shares of the company’s stock, valued at approximately $190,000.

Several other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. purchased a new position in shares of Amer Sports during the third quarter valued at approximately $25,000. West Branch Capital LLC lifted its holdings 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 during the last quarter. Kieckhefer Group LLC purchased a new position in shares of Amer Sports during the fourth quarter valued at approximately $42,000. GAMMA Investing LLC lifted its holdings in shares of Amer Sports by 61.8% during 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 last quarter. Finally, Quarry LP purchased a new position in shares of Amer Sports during the third quarter valued at approximately $61,000. 40.25% of the stock is owned by institutional investors.

Amer Sports Trading Down 0.3 %

NYSE:AS opened at $29.79 on Tuesday. Amer Sports, Inc. has a 12 month low of $10.11 and a 12 month high of $34.00. The company has a 50 day simple moving average of $30.13 and a two-hundred day simple moving average of $22.94. 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 company has a market cap of $16.28 billion and a PE ratio of -212.77.

Amer Sports (NYSE:AS) last issued its quarterly earnings data 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 firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.60 billion. The business’s revenue was up 23.2% on a year-over-year basis. Research analysts forecast that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

AS has been the subject of several recent research reports. HSBC lowered shares of Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a report on Monday, December 16th. Hsbc Global Res lowered shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. The Goldman Sachs Group boosted their price objective on shares of Amer Sports from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Robert W. Baird boosted their price objective on shares of Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, Evercore ISI boosted their price objective on shares of Amer Sports from $26.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating, nine 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 company has a consensus rating of “Moderate Buy” and an average price target of $31.50.

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.