Exchange Traded Concepts LLC Takes Position in Amer Sports, Inc. (NYSE:AS)

Exchange Traded Concepts LLC purchased a new position in shares of Amer Sports, Inc. (NYSE:AS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 89,888 shares of the company’s stock, valued at approximately $2,513,000.

A number of other large investors have also added to or reduced their stakes in the business. FMR LLC increased its position in Amer Sports by 71.2% in the 3rd quarter. FMR LLC now owns 7,533,007 shares of the company’s stock valued at $120,151,000 after acquiring an additional 3,133,312 shares during the period. WCM Investment Management LLC grew its stake in shares of Amer Sports by 29.9% in the third quarter. WCM Investment Management LLC now owns 1,330,092 shares of the company’s stock worth $21,787,000 after purchasing an additional 306,001 shares during the last quarter. WT Asset Management Ltd increased its holdings in Amer Sports by 104.4% in the third quarter. WT Asset Management Ltd now owns 1,251,181 shares of the company’s stock valued at $19,956,000 after purchasing an additional 638,939 shares during the period. State Street Corp raised its position in Amer Sports by 65.1% during the 3rd quarter. State Street Corp now owns 884,526 shares of the company’s stock worth $14,108,000 after purchasing an additional 348,877 shares during the last quarter. Finally, Woodson Capital Management LP acquired a new position in Amer Sports during the 3rd quarter worth about $12,907,000. Institutional investors own 40.25% of the company’s stock.

Amer Sports Stock Down 0.8 %

Amer Sports stock opened at $30.62 on Friday. The firm has a market capitalization of $16.73 billion and a price-to-earnings ratio of -218.72. The firm’s fifty day moving average price is $27.50 and its two-hundred day moving average price is $19.32. Amer Sports, Inc. has a 1-year low of $10.11 and a 1-year high of $31.60. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58.

Analyst Ratings Changes

AS has been the subject of a number of analyst reports. UBS Group raised their price objective on Amer Sports from $27.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Citigroup upped their price objective on shares of Amer Sports from $24.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Wells Fargo & Company lifted their target price on shares of Amer Sports from $20.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. Robert W. Baird upped their price target on shares of Amer Sports from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, Evercore ISI boosted their price objective on Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.07.

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.