Quantbot Technologies LP Purchases New Stake in Amer Sports, Inc. (NYSE:AS)

Quantbot Technologies LP bought a new position in shares of Amer Sports, Inc. (NYSE:AS) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,730 shares of the company’s stock, valued at approximately $328,000.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new position in Amer Sports during the 3rd quarter valued at $25,000. West Branch Capital LLC boosted its stake in shares of Amer Sports by 14,285.7% during 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 in the last quarter. Kieckhefer Group LLC purchased a new position in shares of Amer Sports during the fourth quarter valued at about $42,000. GAMMA Investing LLC raised its stake in Amer Sports by 61.8% in the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock worth $54,000 after buying an additional 742 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Amer Sports in the 3rd quarter worth approximately $61,000. 40.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

AS has been the topic of several research reports. Citigroup lifted their price target on Amer Sports from $24.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their target price on shares of Amer Sports from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Wells Fargo & Company increased their price target on shares of Amer Sports from $25.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. 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 research note on Monday, December 9th. Finally, Sanford C. Bernstein started coverage on shares of Amer Sports in a research note on Thursday, February 13th. They set an “outperform” rating and a $38.00 target price for the company. Four research 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.64.

Amer Sports Stock Performance

Shares of AS opened at $26.57 on Friday. The company has a market cap of $14.72 billion and a price-to-earnings ratio of -189.79. The business’s fifty day simple moving average is $29.64 and its two-hundred day simple moving average is $24.70. Amer Sports, Inc. has a 12 month low of $10.11 and a 12 month high of $34.00. 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) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. Research analysts anticipate that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

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.