Trexquant Investment LP Makes New Investment in Amer Sports, Inc. (NYSE:AS)

Trexquant Investment LP acquired a new stake in shares of Amer Sports, Inc. (NYSE:AS) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 181,357 shares of the company’s stock, valued at approximately $5,071,000.

A number of other large investors also recently modified their holdings of the company. WT Asset Management Ltd boosted its stake in Amer Sports by 188.2% in the fourth quarter. WT Asset Management Ltd now owns 3,606,363 shares of the company’s stock worth $100,834,000 after buying an additional 2,355,182 shares in the last quarter. Trivest Advisors Ltd bought a new stake in shares of Amer Sports in the 4th quarter worth approximately $39,913,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Amer Sports in the 4th quarter worth approximately $37,518,000. Greenwoods Asset Management Hong Kong Ltd. purchased a new stake in shares of Amer Sports in the 4th quarter valued at $21,608,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Amer Sports by 33,494.4% during the 4th quarter. JPMorgan Chase & Co. now owns 524,072 shares of the company’s stock valued at $14,653,000 after purchasing an additional 522,512 shares during the last quarter. 40.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AS shares. Sanford C. Bernstein assumed coverage on shares of Amer Sports in a research note on Thursday, February 13th. They issued an “outperform” rating and a $38.00 price target for the company. Morgan Stanley boosted their target price on Amer Sports from $19.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Citigroup increased their target price on Amer Sports from $24.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. HSBC cut Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research note on Monday, December 16th. Finally, The Goldman Sachs Group increased their price objective on Amer Sports from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $32.64.

Amer Sports Stock Performance

NYSE:AS opened at $23.69 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. The firm’s fifty day simple moving average is $29.19 and its 200 day simple moving average is $25.18. The stock has a market cap of $13.12 billion and a P/E ratio of -169.23. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month 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. 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 for the quarter, compared to analyst estimates of $1.60 billion. The business’s revenue was up 23.2% compared to the same quarter last year. As a group, research analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current 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.