GAMMA Investing LLC Boosts Stake in Amer Sports, Inc. (NYSE:AS)

GAMMA Investing LLC grew its holdings in shares of Amer Sports, Inc. (NYSE:AS) by 61.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,942 shares of the company’s stock after purchasing an additional 742 shares during the period. GAMMA Investing LLC’s holdings in Amer Sports were worth $54,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. purchased a new position in Amer Sports in the 3rd quarter worth $25,000. Signaturefd LLC purchased a new position in Amer Sports in the 3rd quarter worth $49,000. Quarry LP purchased a new position in Amer Sports in the 3rd quarter worth $61,000. CWM LLC purchased a new position in Amer Sports in the 3rd quarter worth $73,000. Finally, Amalgamated Bank purchased a new position in Amer Sports in the 2nd quarter worth $83,000. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. The Goldman Sachs Group increased their price target on Amer Sports from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Hsbc Global Res downgraded Amer Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 16th. TD Cowen increased their price target on Amer Sports from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. increased their price target on Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, Robert W. Baird increased their price target on Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Five investment 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 stock. According to MarketBeat.com, Amer Sports presently has a consensus rating of “Moderate Buy” and an average target price of $26.50.

Amer Sports Trading Up 1.2 %

Shares of Amer Sports stock opened at $30.90 on Monday. The firm has a market capitalization of $16.88 billion and a PE ratio of -220.70. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $31.32. The firm’s 50-day moving average price is $25.37 and its 200 day moving average price is $18.12. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58.

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.