Stonehage Fleming Financial Services Holdings Ltd Reduces Position in Amer Sports, Inc. (NYSE:AS)

Stonehage Fleming Financial Services Holdings Ltd trimmed its position in shares of Amer Sports, Inc. (NYSE:AS) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,308 shares of the company’s stock after selling 929 shares during the quarter. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Amer Sports were worth $1,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Amalgamated Bank bought a new stake in Amer Sports in the second quarter worth $83,000. Sei Investments Co. boosted its position in Amer Sports by 23.1% in the 2nd quarter. Sei Investments Co. now owns 73,141 shares of the company’s stock valued at $919,000 after buying an additional 13,748 shares during the period. Artemis Investment Management LLP purchased a new position in shares of Amer Sports during the third quarter valued at $293,000. CWM LLC bought a new position in Amer Sports in the third quarter worth about $73,000. Finally, Creative Planning purchased a new stake in shares of Amer Sports during the 3rd quarter valued at $656,000. 40.25% of the stock is currently owned by institutional investors.

Amer Sports Price Performance

AS stock opened at $30.62 on Monday. The stock has a 50-day simple moving average of $27.50 and a 200-day simple moving average of $19.38. The firm has a market cap of $16.73 billion and a P/E ratio of -218.72. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. Amer Sports, Inc. has a 1 year low of $10.11 and a 1 year high of $31.60.

Analysts Set New Price Targets

AS has been the subject of several research reports. Morgan Stanley lifted their price objective on shares of Amer Sports from $19.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Hsbc Global Res cut shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th. Robert W. Baird raised their price target on shares of Amer Sports from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Evercore ISI increased their target price on shares of Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. boosted their price objective on Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.07.

Amer Sports 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.