D. E. Shaw & Co. Inc. Invests $12.44 Million in Amer Sports, Inc. (NYSE:AS)

D. E. Shaw & Co. Inc. purchased a new stake 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 purchased 444,930 shares of the company’s stock, valued at approximately $12,440,000. D. E. Shaw & Co. Inc. owned approximately 0.08% of Amer Sports as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. West Branch Capital LLC boosted its holdings in Amer Sports by 14,285.7% in the 4th quarter. West Branch Capital LLC now owns 1,007 shares of the company’s stock worth $28,000 after acquiring an additional 1,000 shares during the period. Signaturefd LLC grew its holdings in Amer Sports by 35.0% during the 4th quarter. Signaturefd LLC now owns 4,136 shares of the company’s stock valued at $116,000 after purchasing an additional 1,073 shares in the last quarter. Sterling Capital Management LLC increased its stake in Amer Sports by 55.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,487 shares of the company’s stock worth $97,000 after buying an additional 1,250 shares during the period. JPMorgan Chase & Co. acquired a new position in Amer Sports in the 3rd quarter worth $25,000. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in Amer Sports in the 4th quarter valued at about $104,000. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Amer Sports Stock Performance

Shares of AS opened at $31.11 on Wednesday. The company has a market capitalization of $17.23 billion, a PE ratio of -222.20, a price-to-earnings-growth ratio of 0.72 and a beta of 2.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. Amer Sports, Inc. has a one year low of $10.11 and a one year high of $34.00. The company’s fifty day moving average price is $25.50 and its 200 day moving average price is $26.51.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on AS. Sanford C. Bernstein assumed coverage on Amer Sports in a research note on Thursday, February 13th. They set an “outperform” rating and a $38.00 price objective for the company. Morgan Stanley raised their price target 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. upped their price target on shares of Amer Sports from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. The Goldman Sachs Group reduced their price objective on shares of Amer Sports from $33.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Finally, Citigroup dropped their target price on shares of Amer Sports from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, April 28th. 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.45.

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.