OPTIMAS CAPITAL Ltd Makes New $4.47 Million Investment in Amer Sports, Inc. (NYSE:AS)

OPTIMAS CAPITAL Ltd acquired a new position in shares of Amer Sports, Inc. (NYSE:AS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 159,800 shares of the company’s stock, valued at approximately $4,468,000. Amer Sports comprises approximately 6.0% of OPTIMAS CAPITAL Ltd’s holdings, making the stock its 4th largest position.

Several other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new position in Amer Sports during the third quarter valued at about $25,000. West Branch Capital LLC grew its position in 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 buying an additional 1,000 shares during the period. Kieckhefer Group LLC bought a new position in Amer Sports during the fourth quarter valued at about $42,000. GAMMA Investing LLC grew its position in 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 buying an additional 742 shares during the period. Finally, Quarry LP bought a new position in Amer Sports during the third quarter valued at about $61,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on AS. Sanford C. Bernstein began coverage on shares of Amer Sports in a research report on Thursday, February 13th. They set an “outperform” rating and a $38.00 target price for the company. Wells Fargo & Company increased their target price on shares of Amer Sports from $25.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Citigroup increased their target price on shares of Amer Sports from $24.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group increased their target price on shares of Amer Sports from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Finally, TD Cowen increased their target price on shares of Amer Sports from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.64.

Amer Sports Trading Up 2.8 %

Shares of AS opened at $28.48 on Tuesday. The firm’s 50 day simple moving average is $29.90 and its 200 day simple moving average is $23.93. The company has a market capitalization of $15.77 billion and a P/E ratio of -203.38. 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 1-year low of $10.11 and a 1-year high of $34.00.

Amer Sports (NYSE:AS) last announced its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. The business had revenue of $1.64 billion for 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 quarterly revenue was up 23.2% compared to the same quarter last year. Sell-side analysts forecast that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Amer Sports Company 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.