Mitchell Capital Management Co. lifted its position in shares of Amer Sports, Inc. (NYSE:AS – Free Report) by 43.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,320 shares of the company’s stock after acquiring an additional 26,132 shares during the quarter. Mitchell Capital Management Co.’s holdings in Amer Sports were worth $3,224,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its position in shares of Amer Sports by 484.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock worth $29,000 after acquiring an additional 703 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Amer Sports by 241.6% in the third quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock valued at $42,000 after purchasing an additional 848 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Amer Sports by 174.3% in the second quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock valued at $63,000 after purchasing an additional 1,011 shares during the last quarter. Global Retirement Partners LLC increased its holdings in Amer Sports by 5,600.0% in the fourth quarter. Global Retirement Partners LLC now owns 1,824 shares of the company’s stock valued at $68,000 after purchasing an additional 1,792 shares during the last quarter. Finally, Persistent Asset Partners Ltd bought a new stake in Amer Sports in the third quarter valued at about $99,000. Institutional investors own 40.25% of the company’s stock.
Amer Sports Stock Down 1.4%
NYSE:AS opened at $35.55 on Friday. Amer Sports, Inc. has a 1 year low of $28.92 and a 1 year high of $42.76. The company has a current ratio of 1.66, a quick ratio of 0.82 and a debt-to-equity ratio of 0.10. The stock has a market cap of $19.69 billion, a price-to-earnings ratio of 44.44, a PEG ratio of 1.24 and a beta of 2.16. The stock has a 50-day moving average price of $34.58 and a two-hundred day moving average price of $36.05.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. Truist Financial upped their price objective on Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. UBS Group upped their price objective on Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Evercore upped their price objective on Amer Sports from $50.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on Amer Sports in a report on Wednesday, May 20th. Finally, Weiss Ratings upgraded Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Amer Sports currently has an average rating of “Buy” and an average price target of $48.19.
Get Our Latest Report on Amer Sports
Insider Transactions at Amer Sports
In other Amer Sports news, CFO Andrew E. Page sold 105,230 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $36.75, for a total value of $3,867,202.50. Following the completion of the transaction, the chief financial officer directly owned 4,083 shares of the company’s stock, valued at approximately $150,050.25. The trade was a 96.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stuart Haselden sold 11,438 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $36.26, for a total value of $414,741.88. Following the completion of the transaction, the chief executive officer directly owned 15,275 shares of the company’s stock, valued at approximately $553,871.50. The trade was a 42.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 132,355 shares of company stock valued at $4,823,875.
About Amer Sports
Amer Sports (NYSE:AS) is a Helsinki-based sporting goods group that designs, develops and markets performance-oriented equipment, apparel and footwear across multiple sports. The company focuses on product innovation, brand-driven marketing and global distribution to serve athletes and outdoor enthusiasts, offering goods for activities such as skiing, running, hiking, tennis, golf and diving.
Amer Sports’ portfolio comprises well-known sports and outdoor brands, including Salomon (outdoor footwear and winter sports), Atomic (alpine skis and ski equipment), Arc’teryx (technical outerwear and climbing gear), Wilson (racquet and ball sports equipment) and Suunto (precision instruments and sports watches).
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