Geode Capital Management LLC Sells 319,833 Shares of Amer Sports, Inc. (NYSE:AS)

Geode Capital Management LLC lessened its holdings in shares of Amer Sports, Inc. (NYSE:AS) by 53.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 282,015 shares of the company’s stock after selling 319,833 shares during the period. Geode Capital Management LLC owned 0.06% of Amer Sports worth $4,498,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Signaturefd LLC acquired a new stake in Amer Sports in the third quarter worth $49,000. Quarry LP acquired a new position in Amer Sports during the third quarter worth $61,000. CWM LLC acquired a new position in Amer Sports during the 3rd quarter valued at about $73,000. Amalgamated Bank purchased a new stake in Amer Sports in the 2nd quarter valued at $83,000. Finally, Quantinno Capital Management LP bought a new position in shares of Amer Sports during the third quarter valued at about $180,000. Institutional investors own 40.25% of the company’s stock.

Amer Sports Price Performance

AS opened at $29.49 on Monday. Amer Sports, Inc. has a 12-month low of $10.11 and a 12-month high of $29.76. The stock has a fifty day simple moving average of $24.13 and a two-hundred day simple moving average of $17.53. The company has a market cap of $16.11 billion and a price-to-earnings ratio of -210.63. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AS. JPMorgan Chase & Co. boosted their target price on shares of Amer Sports from $19.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. The Goldman Sachs Group lifted their target price on shares of Amer Sports from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Citigroup raised their price target on Amer Sports from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Evercore ISI upped their price target on shares of Amer Sports from $26.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, HSBC downgraded Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.14.

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.