6,778 Shares in Amer Sports, Inc. (NYSE:AS) Bought by Mainstream Capital Management LLC

Mainstream Capital Management LLC bought a new position in Amer Sports, Inc. (NYSE:AS) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 6,778 shares of the company’s stock, valued at approximately $190,000.

Several other hedge funds also recently bought and sold shares of AS. Creative Planning bought a new position in Amer Sports in the 3rd quarter worth $656,000. WCM Investment Management LLC boosted its holdings in Amer Sports by 29.9% in the 3rd quarter. WCM Investment Management LLC now owns 1,330,092 shares of the company’s stock worth $21,787,000 after buying an additional 306,001 shares during the period. GSA Capital Partners LLP bought a new position in Amer Sports in the 3rd quarter worth $2,097,000. FMR LLC boosted its holdings in Amer Sports by 71.2% in the 3rd quarter. FMR LLC now owns 7,533,007 shares of the company’s stock worth $120,151,000 after buying an additional 3,133,312 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Amer Sports by 734.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 80,760 shares of the company’s stock worth $1,288,000 after buying an additional 71,086 shares during the period. Institutional investors own 40.25% of the company’s stock.

Amer Sports Stock Down 0.3 %

Shares of NYSE AS opened at $29.79 on Tuesday. 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, Inc. has a 12-month low of $10.11 and a 12-month high of $34.00. The stock has a market capitalization of $16.28 billion and a price-to-earnings ratio of -212.77. The firm’s 50-day moving average price is $30.13 and its 200-day moving average price is $22.94.

Amer Sports (NYSE:AS) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, hitting 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 company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.60 billion. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. On average, equities research analysts anticipate that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on AS shares. Morgan Stanley boosted their price target on shares of Amer Sports from $19.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Wells Fargo & Company boosted 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. JPMorgan Chase & Co. boosted their price target on shares of Amer Sports from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Hsbc Global Res cut shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th. Finally, 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 note on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $31.50.

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.