Gotham Asset Management LLC Lowers Stock Holdings in Amer Sports, Inc. (NYSE:AS)

Gotham Asset Management LLC lessened its position in Amer Sports, Inc. (NYSE:AS) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 681,290 shares of the company’s stock after selling 20,587 shares during the quarter. Gotham Asset Management LLC owned approximately 0.12% of Amer Sports worth $19,049,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. FMR LLC increased its position in shares of Amer Sports by 250.7% during the fourth quarter. FMR LLC now owns 26,414,511 shares of the company’s stock worth $738,550,000 after acquiring an additional 18,881,504 shares during the period. Brilliance Asset Management Ltd. increased its holdings in Amer Sports by 5.1% during the 4th quarter. Brilliance Asset Management Ltd. now owns 4,073,061 shares of the company’s stock worth $113,883,000 after purchasing an additional 196,380 shares during the period. Candlestick Capital Management LP raised its position in Amer Sports by 1.7% in the 4th quarter. Candlestick Capital Management LP now owns 3,864,510 shares of the company’s stock valued at $108,052,000 after purchasing an additional 63,078 shares in the last quarter. WT Asset Management Ltd boosted its stake in shares of Amer Sports by 188.2% in the 4th quarter. WT Asset Management Ltd now owns 3,606,363 shares of the company’s stock valued at $100,834,000 after buying an additional 2,355,182 shares during the period. Finally, Marshall Wace LLP grew its position in shares of Amer Sports by 262.5% during the fourth quarter. Marshall Wace LLP now owns 3,316,167 shares of the company’s stock worth $92,720,000 after buying an additional 2,401,302 shares in the last quarter. Institutional investors and hedge funds own 40.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AS. Sanford C. Bernstein initiated coverage on shares of Amer Sports in a research note on Thursday, February 13th. They issued an “outperform” rating and a $38.00 price target for the company. Morgan Stanley lifted their price objective on shares of Amer Sports from $19.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. increased their target price on Amer Sports from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Wells Fargo & Company decreased their price target on Amer Sports from $28.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, April 30th. Finally, Citigroup dropped their price objective on Amer Sports from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, April 28th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.45.

Amer Sports Price Performance

Shares of NYSE AS opened at $26.99 on Friday. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. The stock has a market cap of $14.95 billion, a P/E ratio of -192.77, a P/E/G ratio of 0.72 and a beta of 2.76. The stock has a 50 day moving average of $25.43 and a two-hundred day moving average of $26.28. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $34.00.

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

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.