SG Americas Securities LLC Purchases New Holdings in Amer Sports, Inc. (NYSE:AS)

SG Americas Securities LLC acquired a new stake in Amer Sports, Inc. (NYSE:AS) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 9,620 shares of the company’s stock, valued at approximately $269,000.

A number of other institutional investors have also recently modified their holdings of the stock. FMR LLC lifted its position in shares of Amer Sports by 71.2% during the 3rd quarter. FMR LLC now owns 7,533,007 shares of the company’s stock worth $120,151,000 after buying an additional 3,133,312 shares during the last quarter. WCM Investment Management LLC boosted its stake in shares of Amer Sports by 29.9% in the 3rd quarter. WCM Investment Management LLC now owns 1,330,092 shares of the company’s stock valued at $21,787,000 after purchasing an additional 306,001 shares in the last quarter. WT Asset Management Ltd grew its holdings in shares of Amer Sports by 104.4% during the 3rd quarter. WT Asset Management Ltd now owns 1,251,181 shares of the company’s stock valued at $19,956,000 after purchasing an additional 638,939 shares during the last quarter. State Street Corp increased its position in Amer Sports by 65.1% during the 3rd quarter. State Street Corp now owns 884,526 shares of the company’s stock worth $14,108,000 after purchasing an additional 348,877 shares in the last quarter. Finally, Woodson Capital Management LP acquired a new stake in Amer Sports in the third quarter valued at approximately $12,907,000. 40.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AS. TD Cowen upped 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 Global Res cut Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. Evercore ISI raised their price objective on shares of Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Wells Fargo & Company boosted their target price on shares of Amer Sports from $20.00 to $25.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Finally, HSBC downgraded shares of Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research note on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.07.

Amer Sports Stock Performance

NYSE:AS opened at $31.78 on Thursday. 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 $34.00. The company has a fifty day moving average of $28.76 and a 200-day moving average of $20.39. The firm has a market capitalization of $17.36 billion and a P/E ratio of -227.01.

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.