181,357 Shares in Amer Sports, Inc. (NYSE:AS) Purchased by Trexquant Investment LP

Trexquant Investment LP acquired a new position in Amer Sports, Inc. (NYSE:AS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 181,357 shares of the company’s stock, valued at approximately $5,071,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WT Asset Management Ltd increased its stake in shares of Amer Sports by 188.2% during the 4th quarter. WT Asset Management Ltd now owns 3,606,363 shares of the company’s stock worth $100,834,000 after purchasing an additional 2,355,182 shares during the last quarter. Trivest Advisors Ltd purchased a new stake in Amer Sports in the fourth quarter worth $39,913,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Amer Sports in the fourth quarter valued at $37,518,000. Greenwoods Asset Management Hong Kong Ltd. purchased a new position in shares of Amer Sports during the 4th quarter valued at $21,608,000. Finally, JPMorgan Chase & Co. increased its holdings in Amer Sports by 33,494.4% in the 4th quarter. JPMorgan Chase & Co. now owns 524,072 shares of the company’s stock worth $14,653,000 after acquiring an additional 522,512 shares during the last quarter. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Amer Sports Price Performance

Amer Sports stock opened at $23.69 on Friday. The stock has a market cap of $13.12 billion and a price-to-earnings ratio of -169.23. 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 business has a 50-day simple moving average of $29.19 and a 200 day simple moving average of $25.18. Amer Sports, Inc. has a 52 week low of $10.11 and a 52 week high of $34.00.

Amer Sports (NYSE:AS) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.60 billion. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The business’s revenue was up 23.2% compared to the same quarter last year. On average, research analysts forecast that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. TD Cowen upped their price objective on shares of Amer Sports from $29.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Sanford C. Bernstein started coverage on shares of Amer Sports in a report on Thursday, February 13th. They issued an “outperform” rating and a $38.00 price objective for the company. 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. Wells Fargo & Company raised their price target on Amer Sports from $25.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Finally, Citigroup lifted their price target on Amer Sports from $24.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Four investment 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 stock. Based on data from MarketBeat.com, Amer Sports presently has an average rating of “Moderate Buy” and a consensus price target of $32.64.

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.