New York State Common Retirement Fund Has $682,000 Position in Amer Sports, Inc. (NYSE:AS)

New York State Common Retirement Fund lessened its position in Amer Sports, Inc. (NYSE:AS) by 12.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,400 shares of the company’s stock after selling 3,600 shares during the period. New York State Common Retirement Fund’s holdings in Amer Sports were worth $682,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAM Holding AG acquired a new stake in shares of Amer Sports in the fourth quarter valued at about $13,460,000. Choreo LLC acquired a new stake in shares of Amer Sports in the fourth quarter valued at about $250,000. WT Asset Management Ltd increased its stake in shares of Amer Sports by 188.2% in the fourth quarter. WT Asset Management Ltd now owns 3,606,363 shares of the company’s stock valued at $100,834,000 after buying an additional 2,355,182 shares during the period. Renaissance Capital LLC increased its stake in shares of Amer Sports by 116.2% in the fourth quarter. Renaissance Capital LLC now owns 135,697 shares of the company’s stock valued at $3,794,000 after buying an additional 72,936 shares during the period. Finally, China Universal Asset Management Co. Ltd. increased its stake in shares of Amer Sports by 15.9% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 135,570 shares of the company’s stock valued at $3,791,000 after buying an additional 18,600 shares during the period. Institutional investors and hedge funds own 40.25% of the company’s stock.

Amer Sports Stock Down 0.3 %

Shares of NYSE:AS opened at $29.79 on Tuesday. The business’s 50 day simple moving average is $30.13 and its two-hundred day simple moving average is $22.94. The firm has a market cap of $16.28 billion and a P/E ratio of -212.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. Amer Sports, Inc. has a 52-week low of $10.11 and a 52-week high of $34.00.

Amer Sports (NYSE:AS) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.60 billion. The company’s revenue was up 23.2% on a year-over-year basis. As a group, research analysts forecast that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AS. The Goldman Sachs Group increased their price target on Amer Sports from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Wells Fargo & Company upped their target price on Amer Sports from $25.00 to $28.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. UBS Group upped their target price on Amer Sports from $37.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Citigroup upped their target price on Amer Sports from $24.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, Sanford C. Bernstein began coverage on Amer Sports in a research report on Thursday, February 13th. They set an “outperform” rating and a $38.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.50.

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.