Barclays PLC Has $51,000 Stake in Amer Sports, Inc. (NYSE:AS)

Barclays PLC lowered its stake in Amer Sports, Inc. (NYSE:AS) by 89.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,164 shares of the company’s stock after selling 26,854 shares during the period. Barclays PLC’s holdings in Amer Sports were worth $51,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its position in shares of Amer Sports by 734.8% in the third quarter. BNP Paribas Financial Markets now owns 80,760 shares of the company’s stock valued at $1,288,000 after acquiring an additional 71,086 shares during the period. Woodson Capital Management LP bought a new stake in Amer Sports during the 3rd quarter worth about $12,907,000. Shellback Capital LP increased its stake in shares of Amer Sports by 5.0% in the 2nd quarter. Shellback Capital LP now owns 525,000 shares of the company’s stock valued at $6,599,000 after buying an additional 25,000 shares during the period. XTX Topco Ltd bought a new position in shares of Amer Sports in the 3rd quarter valued at about $609,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Amer Sports during the 3rd quarter valued at $337,000. Institutional investors own 40.25% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on AS shares. Wells Fargo & Company increased their price target on shares of Amer Sports from $20.00 to $25.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. The Goldman Sachs Group increased their target price on shares of Amer Sports from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday. Hsbc Global Res lowered shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. Nomura Securities raised Amer Sports to a “strong-buy” rating in a research note on Tuesday, September 24th. Finally, Citigroup boosted their target price on Amer Sports from $24.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Amer Sports currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.50.

Amer Sports Stock Performance

NYSE:AS opened at $30.56 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $31.32. The company has a fifty day moving average of $25.11 and a 200-day moving average of $17.95. The firm has a market capitalization of $16.70 billion and a P/E ratio of -218.27.

Amer Sports Company 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.