West Branch Capital LLC Has $28,000 Holdings in Amer Sports, Inc. (NYSE:AS)

West Branch Capital LLC lifted its position in shares of Amer Sports, Inc. (NYSE:AS) by 14,285.7% during the 4th quarter, HoldingsChannel reports. The fund owned 1,007 shares of the company’s stock after purchasing an additional 1,000 shares during the period. West Branch Capital LLC’s holdings in Amer Sports were worth $28,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Amalgamated Bank bought a new position in Amer Sports in the second quarter valued at about $83,000. Sei Investments Co. raised its holdings in Amer Sports by 23.1% in the 2nd quarter. Sei Investments Co. now owns 73,141 shares of the company’s stock valued at $919,000 after buying an additional 13,748 shares during the last quarter. Point72 Asset Management L.P. boosted its position in Amer Sports by 308.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 3,106,202 shares of the company’s stock worth $39,045,000 after buying an additional 2,345,420 shares during the period. Point72 Hong Kong Ltd grew its holdings in Amer Sports by 557.7% during the 2nd quarter. Point72 Hong Kong Ltd now owns 3,274,519 shares of the company’s stock worth $41,161,000 after acquiring an additional 2,776,619 shares during the last quarter. Finally, Shellback Capital LP increased its position in Amer Sports by 5.0% in the 2nd quarter. Shellback Capital LP now owns 525,000 shares of the company’s stock valued at $6,599,000 after acquiring an additional 25,000 shares during the period. Institutional investors own 40.25% of the company’s stock.

Amer Sports Trading Up 4.4 %

Shares of Amer Sports stock opened at $31.06 on Wednesday. The stock has a market capitalization of $16.97 billion and a PE ratio of -221.81. Amer Sports, Inc. has a 52 week low of $10.11 and a 52 week high of $31.32. The stock has a 50 day moving average price of $26.61 and a two-hundred day moving average price of $18.84. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62.

Analysts Set New Price Targets

Several brokerages recently issued reports on AS. TD Cowen raised their target price on Amer Sports from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Citigroup increased their target price on shares of Amer Sports from $24.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Evercore ISI boosted their price target on shares of Amer Sports from $26.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Morgan Stanley increased their price objective on shares of Amer Sports from $19.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Wells Fargo & Company lifted their target price on shares of Amer Sports from $20.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. Five analysts have rated the stock with a hold rating, ten have issued 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 an average price target of $27.07.

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.