Walleye Capital LLC Acquires New Holdings in Amer Sports, Inc. (NYSE:AS)

Walleye Capital LLC purchased a new position in shares of Amer Sports, Inc. (NYSE:AS) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 17,148 shares of the company’s stock, valued at approximately $274,000.

A number of other large investors have also recently bought and sold shares of the company. Signaturefd LLC bought a new position in Amer Sports during the third quarter worth $49,000. CWM LLC acquired a new stake in Amer Sports in the third quarter valued at approximately $73,000. Amalgamated Bank acquired a new position in shares of Amer Sports during the second quarter worth $83,000. Artemis Investment Management LLP acquired a new position in shares of Amer Sports during the third quarter worth $293,000. Finally, Summit Securities Group LLC bought a new position in Amer Sports during the second quarter worth $297,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

Amer Sports Trading Down 0.6 %

Shares of AS opened at $25.64 on Wednesday. The stock has a market capitalization of $14.01 billion and a P/E ratio of -183.13. 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 has a fifty day simple moving average of $20.58 and a two-hundred day simple moving average of $15.87. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $26.85.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AS. JPMorgan Chase & Co. lifted their target price on shares of Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Nomura Securities upgraded shares of Amer Sports to a “strong-buy” rating in a report on Tuesday, September 24th. Evercore ISI reiterated an “outperform” rating and issued a $26.00 target price (up from $25.00) on shares of Amer Sports in a research note on Wednesday, November 20th. TD Cowen boosted their price target on shares of Amer Sports from $23.00 to $29.00 and gave the company a “buy” rating in a research report on Monday. Finally, Citigroup upped their target price on shares of Amer Sports from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amer Sports presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.79.

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.