131,468 Shares in Amer Sports, Inc. (NYSE:AS) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new stake in Amer Sports, Inc. (NYSE:AS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 131,468 shares of the company’s stock, valued at approximately $2,097,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC purchased a new position in shares of Amer Sports in the third quarter worth about $49,000. CWM LLC purchased a new stake in shares of Amer Sports in the third quarter valued at approximately $73,000. Dnca Finance acquired a new stake in shares of Amer Sports in the second quarter valued at approximately $81,000. Amalgamated Bank acquired a new position in Amer Sports during the second quarter worth $83,000. Finally, Artemis Investment Management LLP purchased a new stake in Amer Sports in the 3rd quarter valued at $293,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

Amer Sports Stock Performance

NYSE:AS opened at $19.96 on Wednesday. Amer Sports, Inc. has a 52 week low of $10.11 and a 52 week high of $20.68. The company has a fifty day simple moving average of $16.86 and a two-hundred day simple moving average of $14.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.87.

Amer Sports (NYSE:AS) last released its earnings results on Tuesday, August 20th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.11. The firm had revenue of $993.80 million during the quarter, compared to analysts’ expectations of $947.59 million. Amer Sports had a negative return on equity of 0.63% and a negative net margin of 2.79%. Amer Sports’s revenue was up 16.0% compared to the same quarter last year. Sell-side analysts predict that Amer Sports, Inc. will post 0.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AS has been the topic of several analyst reports. TD Cowen lifted their price target on Amer Sports from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. UBS Group raised their price target on shares of Amer Sports from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Wells Fargo & Company lowered Amer Sports from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $17.00 to $19.00 in a research report on Monday, October 14th. The Goldman Sachs Group lifted their target price on Amer Sports from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, Evercore ISI reiterated an “outperform” rating and set a $21.00 price target on shares of Amer Sports in a report on Wednesday, August 21st. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amer Sports has an average rating of “Moderate Buy” and an average price target of $19.57.

Amer Sports Company 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.