Sanctuary Advisors LLC Buys New Shares in Amer Sports, Inc. (NYSE:AS)

Sanctuary Advisors LLC purchased a new position in shares of Amer Sports, Inc. (NYSE:AS) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 10,552 shares of the company’s stock, valued at approximately $168,000.

Other large investors also recently modified their holdings of the company. Virtu Financial LLC acquired a new stake in shares of Amer Sports in the 3rd quarter valued at approximately $167,000. Public Employees Retirement System of Ohio acquired a new stake in Amer Sports in the third quarter valued at $337,000. Y Intercept Hong Kong Ltd bought a new position in shares of Amer Sports in the 3rd quarter valued at about $467,000. XTX Topco Ltd acquired a new position in shares of Amer Sports during the 3rd quarter worth about $609,000. Finally, Weiss Asset Management LP bought a new stake in shares of Amer Sports in the 3rd quarter valued at about $1,761,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company increased their price target on Amer Sports from $20.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. TD Cowen lifted their target price on shares of Amer Sports from $23.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, December 9th. UBS Group increased their price target on shares of Amer Sports from $27.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. boosted their price objective on Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, Hsbc Global Res cut Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amer Sports currently has an average rating of “Moderate Buy” and a consensus target price of $25.14.

Amer Sports Price Performance

Amer Sports stock opened at $28.40 on Tuesday. The stock’s 50 day moving average is $23.29 and its 200 day moving average is $17.16. Amer Sports, Inc. has a one year low of $10.11 and a one year high of $29.43. The firm has a market cap of $15.52 billion and a P/E ratio of -202.84. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77.

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.