Sciencast Management LP Has $926,000 Stock Position in Amer Sports, Inc. (NYSE:AS)

Sciencast Management LP grew its stake in Amer Sports, Inc. (NYSE:AS) by 173.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 33,122 shares of the company’s stock after purchasing an additional 21,028 shares during the quarter. Sciencast Management LP’s holdings in Amer Sports were worth $926,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in Amer Sports by 61.8% during the 4th quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock worth $54,000 after buying an additional 742 shares during the period. West Branch Capital LLC raised its stake in Amer Sports by 14,285.7% during the 4th quarter. West Branch Capital LLC now owns 1,007 shares of the company’s stock worth $28,000 after buying an additional 1,000 shares during the period. Signaturefd LLC raised its stake in Amer Sports by 35.0% during the 4th quarter. Signaturefd LLC now owns 4,136 shares of the company’s stock worth $116,000 after buying an additional 1,073 shares during the period. Kieckhefer Group LLC acquired a new stake in Amer Sports during the 4th quarter worth $42,000. Finally, JPMorgan Chase & Co. acquired a new stake in Amer Sports during the 3rd quarter worth $25,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

Amer Sports Price Performance

Shares of NYSE AS opened at $28.94 on Friday. The stock has a market capitalization of $16.03 billion and a price-to-earnings ratio of -206.67. The business has a 50-day moving average of $29.78 and a 200-day moving average of $24.28. 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 fifty-two week low of $10.11 and a fifty-two week high of $34.00.

Amer Sports (NYSE:AS) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.60 billion. The company’s revenue was up 23.2% compared to the same quarter last year. As a group, sell-side analysts predict that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. TD Cowen raised their price objective on Amer Sports from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. HSBC downgraded Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research note on Monday, December 16th. Wells Fargo & Company lifted their price target on Amer Sports from $25.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. The Goldman Sachs Group lifted their price target on Amer Sports from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Finally, Sanford C. Bernstein began coverage on Amer Sports in a research note on Thursday, February 13th. They issued an “outperform” rating and a $38.00 price target on the stock. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.64.

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.