Verition Fund Management LLC bought a new position in shares of Amer Sports, Inc. (NYSE:AS – Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 18,894 shares of the company’s stock, valued at approximately $301,000. Other institutional investors have also added to or reduced their […]
Verition Fund Management LLC bought a new position in shares of Amer Sports, Inc. (NYSE:AS – Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 18,894 shares of the company’s stock, valued at approximately $301,000.
Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC purchased a new stake in shares of Amer Sports in the 3rd quarter worth approximately $49,000. CWM LLC purchased a new stake in Amer Sports during the third quarter worth $73,000. Amalgamated Bank purchased a new stake in Amer Sports during the second quarter worth $83,000. Walleye Capital LLC bought a new stake in Amer Sports during the 3rd quarter valued at $274,000. Finally, Artemis Investment Management LLP purchased a new position in shares of Amer Sports in the 3rd quarter valued at $293,000. Hedge funds and other institutional investors own 40.25% of the company’s stock.
Analysts Set New Price Targets
AS has been the topic of a number of recent research reports. Nomura Securities raised Amer Sports to a “strong-buy” rating in a research report on Tuesday, September 24th. TD Cowen raised their price target on shares of Amer Sports from $23.00 to $29.00 and gave the company a “buy” rating in a report on Monday, December 9th. Morgan Stanley lifted their price objective on shares of Amer Sports from $15.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Evercore ISI raised their target price on shares of Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Amer Sports presently has an average rating of “Moderate Buy” and a consensus price target of $23.07.
Read Our Latest Research Report on Amer Sports
Amer Sports Stock Up 2.9 %
Amer Sports stock opened at $27.65 on Friday. Amer Sports, Inc. has a 52 week low of $10.11 and a 52 week high of $27.79. The firm has a market cap of $15.11 billion and a price-to-earnings ratio of -197.49. The business’s 50-day moving average price is $21.18 and its 200 day moving average price is $16.11. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58.
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.
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