Amer Sports, Inc. (NYSE:AS) Short Interest Up 47.5% in March

Amer Sports, Inc. (NYSE:AS) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 13,100,000 shares, an increase of 47.5% from the February 28th total of 8,880,000 shares. Currently, 12.1% of the company’s shares are sold short. Based on an average trading volume of 3,150,000 shares, the short-interest ratio is currently 4.2 days.

Hedge Funds Weigh In On Amer Sports

A number of hedge funds and other institutional investors have recently bought and sold shares of AS. GAMMA Investing LLC boosted its stake in shares of 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 acquiring an additional 742 shares during the period. West Branch Capital LLC lifted its holdings 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 valued at $28,000 after purchasing an additional 1,000 shares during the last quarter. Signaturefd LLC boosted its position in Amer Sports by 35.0% during the fourth quarter. Signaturefd LLC now owns 4,136 shares of the company’s stock worth $116,000 after purchasing an additional 1,073 shares during the period. Sterling Capital Management LLC increased its holdings in shares of Amer Sports by 55.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,487 shares of the company’s stock valued at $97,000 after purchasing an additional 1,250 shares during the last quarter. Finally, Kieckhefer Group LLC acquired a new position in shares of Amer Sports in the fourth quarter valued at $42,000. Institutional investors own 40.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AS. Citigroup raised their price target on Amer Sports from $24.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Evercore ISI raised their target price on shares of Amer Sports from $26.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. UBS Group lifted their price target on shares of Amer Sports from $37.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. TD Cowen boosted their price objective on shares of Amer Sports from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, Sanford C. Bernstein began coverage on shares of Amer Sports in a research note on Thursday, February 13th. They issued an “outperform” rating and a $38.00 target price for the company. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amer Sports presently has a consensus rating of “Moderate Buy” and an average target price of $32.64.

Amer Sports Stock Down 0.4 %

AS stock traded down $0.10 during mid-day trading on Tuesday, reaching $26.64. The company had a trading volume of 1,415,867 shares, compared to its average volume of 2,291,623. Amer Sports has a 52 week low of $10.11 and a 52 week high of $34.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. The stock has a 50 day simple moving average of $29.58 and a two-hundred day simple moving average of $24.94. The company has a market capitalization of $14.75 billion and a price-to-earnings ratio of -190.38.

Amer Sports (NYSE:AS) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, meeting 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 company’s quarterly revenue was up 23.2% on a year-over-year basis. As a group, equities analysts predict that Amer Sports will post 0.46 earnings per share for the current fiscal 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.