Rhumbline Advisers bought a new position in Amer Sports, Inc. (NYSE:AS – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 90,815 shares of the company’s stock, valued at approximately $1,142,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of AS. Dnca Finance acquired a new stake in shares of Amer Sports in the 2nd quarter worth approximately $81,000. Summit Securities Group LLC acquired a new stake in shares of Amer Sports in the 2nd quarter worth approximately $297,000. SYSTM Wealth Solutions LLC acquired a new stake in shares of Amer Sports in the 1st quarter worth approximately $319,000. Quadrature Capital Ltd acquired a new stake in shares of Amer Sports in the 1st quarter worth approximately $390,000. Finally, Sandia Investment Management LP acquired a new stake in shares of Amer Sports in the 1st quarter worth approximately $425,000. Institutional investors own 40.25% of the company’s stock.
Amer Sports Stock Performance
Amer Sports stock opened at $15.14 on Monday. Amer Sports, Inc. has a 52 week low of $10.11 and a 52 week high of $18.23. The company has a quick ratio of 0.81, a current ratio of 1.87 and a debt-to-equity ratio of 0.58. The company has a 50 day moving average price of $12.63 and a 200 day moving average price of $13.90.
Analysts Set New Price Targets
A number of brokerages recently weighed in on AS. Evercore ISI restated an “outperform” rating and set a $21.00 target price on shares of Amer Sports in a report on Wednesday, August 21st. UBS Group raised their target price on shares of Amer Sports from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $18.50.
Check Out Our Latest Research Report on Amer Sports
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.
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