9,836 Shares in Amer Sports, Inc. (NYSE:AS) Purchased by Magnetar Financial LLC

Magnetar Financial LLC bought a new position in shares of Amer Sports, Inc. (NYSE:AS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,836 shares of the company’s stock, valued at approximately $275,000.

A number of other hedge funds have also recently bought and sold shares of the company. Trivest Advisors Ltd acquired a new position in shares of Amer Sports in the 4th quarter valued at $39,913,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Amer Sports during the 4th quarter valued at about $851,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Amer Sports during the 4th quarter valued at about $4,342,000. OPTIMAS CAPITAL Ltd acquired a new stake in shares of Amer Sports during the 4th quarter valued at about $4,468,000. Finally, Signaturefd LLC raised its stake in shares of Amer Sports by 35.0% in the 4th quarter. Signaturefd LLC now owns 4,136 shares of the company’s stock valued at $116,000 after acquiring an additional 1,073 shares in the last quarter. 40.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Amer Sports from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Robert W. Baird raised their price objective on Amer Sports from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. TD Cowen raised their price objective on Amer Sports from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. HSBC downgraded Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research report on Monday, December 16th. Finally, Wells Fargo & Company lifted their price target on Amer Sports from $25.00 to $28.00 and gave the stock an “equal weight” rating in a research 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $32.64.

Amer Sports Stock Performance

AS opened at $28.94 on Monday. The stock has a market cap of $16.03 billion and a PE ratio of -206.67. 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 1 year low of $10.11 and a 1 year high of $34.00. The stock’s 50 day simple moving average is $29.78 and its 200-day simple moving average is $24.36.

Amer Sports (NYSE:AS) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The firm’s quarterly revenue was up 23.2% on a year-over-year basis. Sell-side analysts forecast 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.