2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. lifted its position in Amer Sports, Inc. ( NYSE:AS – Free Report ) by 341.
3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,901 shares of the company’s stock after acquiring an additional 190,951 shares during the quarter. Russell Investments Group Ltd.
’s holdings in Amer Sports were worth $6,903,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc.
grew its holdings in shares of Amer Sports by 16.7% in the fourth quarter. Envestnet Asset Management Inc.
now owns 36,018 shares of the company’s stock valued at $1,007,000 after acquiring an additional 5,157 shares in the last quarter. Pamalican Asset Management Ltd purchased a new position in Amer Sports in the fourth quarter worth $20,970,000. Pinpoint Asset Management Ltd increased its position in shares of Amer Sports by 499.
5% during the 4th quarter. Pinpoint Asset Management Ltd now owns 456,830 shares of the company’s stock valued at $12,773,000 after purchasing an additional 380,633 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of Amer Sports during the 4th quarter worth $5,071,000.
Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Amer Sports during the 4th quarter worth $37,518,000. Hedge funds and other institutional investors own 40.25% of the company’s stock.
Analyst Upgrades and Downgrades A number of analysts recently issued reports on the stock. UBS Group raised their price objective on shares of Amer Sports from $37.00 to $42.
00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Wells Fargo & Company raised 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. Hsbc Global Res downgraded Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th. Sanford C.
Bernstein began coverage on Amer Sports in a research report on Thursday, February 13th. They issued an “outperform” rating and a $38.00 target price for the company.
Finally, The Goldman Sachs Group boosted their target price 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 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 stock. According to data from MarketBeat, Amer Sports has a consensus rating of “Moderate Buy” and a consensus price target of $32.64.
Amer Sports Stock Up 0.6 % Shares of NYSE AS opened at $22.17 on Monday.
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 company has a market cap of $12.28 billion, a P/E ratio of -158.
31, a P/E/G ratio of 0.72 and a beta of 2.66.
Amer Sports, Inc. has a 52 week low of $10.11 and a 52 week high of $34.
00. The business has a 50-day simple moving average of $27.84 and a two-hundred day simple moving average of $25.
53. Amer Sports ( NYSE:AS – Get Free Report ) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.
17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. The company had revenue of $1.
64 billion during the quarter, compared to analyst estimates of $1.60 billion. Amer Sports had a negative net margin of 0.
74% and a positive return on equity of 3.15%. 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. Amer Sports Company Profile ( Free Report ) 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.
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