AXQ Capital LP Takes Position in Amer Sports, Inc. (NYSE:AS)

AXQ Capital LP bought a new stake in shares of Amer Sports, Inc. (NYSE:AS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 9,889 shares of the company’s stock, valued at approximately $276,000.

Several other large investors have also recently made changes to their positions in AS. FMR LLC lifted its holdings in shares of Amer Sports by 71.2% during the third quarter. FMR LLC now owns 7,533,007 shares of the company’s stock valued at $120,151,000 after purchasing an additional 3,133,312 shares during the last quarter. WT Asset Management Ltd raised its holdings in Amer Sports by 188.2% in the 4th quarter. WT Asset Management Ltd now owns 3,606,363 shares of the company’s stock worth $100,834,000 after acquiring an additional 2,355,182 shares during the last quarter. Trivest Advisors Ltd purchased a new position in Amer Sports in the 4th quarter worth approximately $39,913,000. Woodson Capital Management LP purchased a new position in Amer Sports in the 3rd quarter worth approximately $12,907,000. Finally, Greenwoods Asset Management Hong Kong Ltd. purchased a new position in Amer Sports in the 4th quarter worth approximately $21,608,000. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AS. Wells Fargo & Company boosted their price objective on shares of Amer Sports from $25.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. TD Cowen boosted their price objective on shares of Amer Sports from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price objective on shares of Amer Sports from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. HSBC lowered shares of Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a report on Monday, December 16th. Finally, Sanford C. Bernstein assumed coverage on shares of Amer Sports in a research report 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $32.64.

Amer Sports Trading Down 0.8 %

Shares of AS stock opened at $28.94 on Monday. Amer Sports, Inc. has a 1 year low of $10.11 and a 1 year high of $34.00. The firm has a fifty day moving average price of $29.78 and a 200-day moving average price of $24.36. 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 company has a market cap of $16.03 billion and a price-to-earnings ratio of -206.67.

Amer Sports (NYSE:AS) last issued its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. As a group, equities analysts predict that Amer Sports, Inc. will post 0.46 earnings per share for the current 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.