Amalgamated Bank Sells 3,566 Shares of Amer Sports, Inc. (NYSE:AS)

Amalgamated Bank reduced its stake in Amer Sports, Inc. (NYSE:AS) by 53.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,070 shares of the company’s stock after selling 3,566 shares during the period. Amalgamated Bank’s holdings in Amer Sports were worth $49,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AS. Signaturefd LLC acquired a new position in Amer Sports in the 3rd quarter valued at approximately $49,000. CWM LLC acquired a new stake in Amer Sports in the third quarter valued at $73,000. Dnca Finance acquired a new stake in Amer Sports in the second quarter valued at $81,000. Artemis Investment Management LLP bought a new position in Amer Sports during the 3rd quarter worth $293,000. Finally, Summit Securities Group LLC acquired a new position in Amer Sports during the 2nd quarter worth about $297,000. 40.25% of the stock is owned by institutional investors.

Amer Sports Price Performance

Shares of NYSE AS opened at $19.54 on Tuesday. 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, Inc. has a 12-month low of $10.11 and a 12-month high of $20.68. The firm’s 50-day moving average price is $17.33 and its 200-day moving average price is $14.73.

Amer Sports (NYSE:AS) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.11. Amer Sports had a negative net margin of 2.79% and a negative return on equity of 0.63%. The company had revenue of $993.80 million for the quarter, compared to analyst estimates of $947.59 million. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, equities research analysts expect that Amer Sports, Inc. will post 0.44 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AS. The Goldman Sachs Group lifted their price objective on Amer Sports from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Citigroup boosted their price target on shares of Amer Sports from $19.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Wells Fargo & Company cut shares of 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. TD Cowen boosted their target price on shares of Amer Sports from $17.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Nomura Securities upgraded Amer Sports to a “strong-buy” rating in a report on Tuesday, September 24th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.57.

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.