Signaturefd LLC Grows Stock Holdings in Amer Sports, Inc. (NYSE:AS)

Signaturefd LLC grew its position in shares of Amer Sports, Inc. (NYSE:AS) by 35.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,136 shares of the company’s stock after purchasing an additional 1,073 shares during the period. Signaturefd LLC’s holdings in Amer Sports were worth $116,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. bought a new stake in Amer Sports in the 3rd quarter worth approximately $25,000. West Branch Capital LLC raised its stake in shares of Amer Sports by 14,285.7% during the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company’s stock worth $28,000 after acquiring an additional 1,000 shares in the last quarter. Kieckhefer Group LLC bought a new stake in shares of Amer Sports in the 4th quarter worth approximately $42,000. GAMMA Investing LLC boosted its stake in shares of Amer Sports by 61.8% in the 4th quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock valued at $54,000 after purchasing an additional 742 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Amer Sports during the 3rd quarter valued at $61,000. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Amer Sports Stock Performance

NYSE:AS opened at $28.94 on Monday. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. The firm’s fifty day simple moving average is $29.78 and its 200 day simple moving average is $24.36. The stock has a market cap of $16.03 billion and a P/E ratio of -206.67. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $34.00.

Amer Sports (NYSE:AS) last posted its earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.60 billion. The firm’s quarterly revenue was up 23.2% on a year-over-year basis. As a group, research analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Citigroup boosted their price target on shares of Amer Sports from $24.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Robert W. Baird boosted their target price on Amer Sports from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. TD Cowen raised their price target on Amer Sports from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group boosted their price objective on Amer Sports from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. increased their price objective on Amer Sports from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Four investment 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.64.

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.