Healthcare of Ontario Pension Plan Trust Fund Purchases New Stake in Amer Sports, Inc. (NYSE:AS)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in Amer Sports, Inc. (NYSE:AS) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 350,000 shares of the company’s stock, valued at approximately $5,705,000.

Several other large investors have also recently added to or reduced their stakes in AS. SYSTM Wealth Solutions LLC bought a new position in shares of Amer Sports in the first quarter worth $319,000. Tocqueville Asset Management L.P. bought a new position in shares of Amer Sports in the first quarter worth $813,000. Sei Investments Co. bought a new position in shares of Amer Sports in the first quarter worth $968,000. China Universal Asset Management Co. Ltd. bought a new position in shares of Amer Sports in the first quarter worth $1,521,000. Finally, Seven Grand Managers LLC bought a new position in shares of Amer Sports in the first quarter worth $1,630,000. 40.25% of the stock is owned by institutional investors and hedge funds.

Amer Sports Stock Up 0.2 %

Shares of Amer Sports stock traded up $0.02 during trading on Thursday, hitting $10.86. 1,238,381 shares of the stock traded hands, compared to its average volume of 1,625,336. The business’s fifty day moving average is $13.62. Amer Sports, Inc. has a twelve month low of $10.47 and a twelve month high of $18.23. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 0.97.

Amer Sports (NYSE:AS) last posted its earnings results on Tuesday, May 21st. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.03. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.13 billion. The business’s quarterly revenue was up 12.6% on a year-over-year basis. On average, equities research analysts expect that Amer Sports, Inc. will post 0.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Morgan Stanley decreased their target price on Amer Sports from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, May 23rd. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $16.00 target price (down previously from $18.50) on shares of Amer Sports in a research note on Monday, April 8th. Finally, Wells Fargo & Company dropped their price target on Amer Sports from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Amer Sports presently has an average rating of “Moderate Buy” and an average target price of $18.79.

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.