Virtu Financial LLC Makes New Investment in Amer Sports, Inc. (NYSE:AS)

Virtu Financial LLC purchased a new stake in shares of Amer Sports, Inc. (NYSE:AS) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 10,480 shares of the company’s stock, valued at approximately $167,000.

Several other institutional investors also recently modified their holdings of the business. Signaturefd LLC bought a new position in Amer Sports during the 3rd quarter valued at about $49,000. Quarry LP purchased a new position in shares of Amer Sports during the third quarter valued at approximately $61,000. CWM LLC bought a new position in Amer Sports during the third quarter valued at approximately $73,000. Amalgamated Bank purchased a new stake in Amer Sports in the second quarter worth approximately $83,000. Finally, Quantinno Capital Management LP bought a new stake in Amer Sports in the 3rd quarter worth approximately $180,000. 40.25% of the stock is owned by hedge funds and other institutional investors.

Amer Sports Stock Down 3.7 %

AS opened at $27.69 on Thursday. The stock has a market cap of $15.13 billion and a price-to-earnings ratio of -197.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. The firm’s fifty day moving average is $21.76 and its 200 day moving average is $16.38. Amer Sports, Inc. has a fifty-two week low of $10.11 and a fifty-two week high of $29.43.

Analysts Set New Price Targets

Several research firms have recently weighed in on AS. Evercore ISI increased their price target on Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Nomura Securities raised Amer Sports to a “strong-buy” rating in a report on Tuesday, September 24th. Hsbc Global Res downgraded Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday. TD Cowen upped their price target on shares of Amer Sports from $23.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Robert W. Baird raised their price objective on shares of Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.79.

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.