Barclays PLC Lowers Stock Holdings in Amer Sports, Inc. (NYSE:AS)

Barclays PLC reduced its position in Amer Sports, Inc. (NYSE:AS) by 89.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,164 shares of the company’s stock after selling 26,854 shares during the quarter. Barclays PLC’s holdings in Amer Sports were worth $51,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new position in Amer Sports in the 3rd quarter worth $337,000. Y Intercept Hong Kong Ltd bought a new position in shares of Amer Sports during the third quarter valued at about $467,000. XTX Topco Ltd purchased a new position in shares of Amer Sports in the third quarter worth about $609,000. Weiss Asset Management LP bought a new stake in shares of Amer Sports in the 3rd quarter valued at about $1,761,000. Finally, State Street Corp boosted its holdings in Amer Sports by 65.1% during the 3rd quarter. State Street Corp now owns 884,526 shares of the company’s stock valued at $14,108,000 after acquiring an additional 348,877 shares during the period. 40.25% of the stock is currently owned by institutional investors.

Amer Sports Stock Down 0.8 %

Amer Sports stock opened at $30.62 on Friday. Amer Sports, Inc. has a 1-year low of $10.11 and a 1-year high of $31.60. The business has a fifty day moving average price of $27.50 and a 200-day moving average price of $19.27. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. The stock has a market capitalization of $16.73 billion and a price-to-earnings ratio of -218.72.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Hsbc Global Res downgraded Amer Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 16th. Citigroup upped their price target on shares of Amer Sports from $24.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. TD Cowen raised their price target on shares of Amer Sports from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. HSBC downgraded shares of Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. boosted their price target on Amer Sports from $19.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.07.

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.