OPTIMAS CAPITAL Ltd Makes New Investment in Amer Sports, Inc. (NYSE:AS)

OPTIMAS CAPITAL Ltd purchased a new position in shares of Amer Sports, Inc. (NYSE:AS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 159,800 shares of the company’s stock, valued at approximately $4,468,000. Amer Sports makes up about 6.0% of OPTIMAS CAPITAL Ltd’s portfolio, making the stock its 4th biggest holding.

Several other large investors have also recently made changes to their positions in AS. JPMorgan Chase & Co. purchased a new position in shares of Amer Sports during the third quarter worth approximately $25,000. West Branch Capital LLC raised its stake in shares of Amer Sports by 14,285.7% during the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company’s stock worth $28,000 after acquiring an additional 1,000 shares in the last quarter. Kieckhefer Group LLC purchased a new position in shares of Amer Sports during the fourth quarter worth approximately $42,000. GAMMA Investing LLC raised its stake in shares of Amer Sports by 61.8% during the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock worth $54,000 after acquiring an additional 742 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Amer Sports in the third quarter worth approximately $61,000. 40.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AS. HSBC cut shares of Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a report on Monday, December 16th. Citigroup raised their target price on shares of Amer Sports from $24.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. raised their target price on shares of Amer Sports from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. UBS Group raised their target price 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. Finally, Wells Fargo & Company raised their target price on shares of Amer Sports from $25.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.64.

Amer Sports Stock Performance

NYSE:AS opened at $28.48 on Tuesday. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $34.00. The stock has a market cap of $15.77 billion and a P/E ratio of -203.38. 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 $29.90 and its 200 day simple moving average is $23.93.

Amer Sports (NYSE:AS) last announced its earnings results on Tuesday, February 25th. The company reported $0.17 EPS 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 analysts’ expectations of $1.60 billion. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. As a group, research analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current year.

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.