Rhumbline Advisers Sells 19,287 Shares of Amer Sports, Inc. (NYSE:AS)

Rhumbline Advisers lessened its stake in Amer Sports, Inc. (NYSE:AS) by 27.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,788 shares of the company’s stock after selling 19,287 shares during the period. Rhumbline Advisers’ holdings in Amer Sports were worth $1,420,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in Amer Sports in the 3rd quarter worth approximately $25,000. West Branch Capital LLC grew its position in Amer Sports by 14,285.7% in the 4th quarter. West Branch Capital LLC now owns 1,007 shares of the company’s stock worth $28,000 after purchasing an additional 1,000 shares during the period. Kieckhefer Group LLC bought a new stake in shares of Amer Sports during the 4th quarter valued at $42,000. GAMMA Investing LLC grew its position in shares of Amer Sports by 61.8% during the 4th quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock valued at $54,000 after acquiring an additional 742 shares during the period. Finally, Quarry LP purchased a new stake in shares of Amer Sports in the 3rd quarter worth $61,000. Institutional investors own 40.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AS shares. Morgan Stanley upped their price objective on Amer Sports from $19.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Hsbc Global Res lowered Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th. Citigroup upped their price objective on Amer Sports from $24.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. upped their price objective on Amer Sports from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Finally, Evercore ISI upped their price objective on Amer Sports from $26.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

Amer Sports Trading Down 2.5 %

Shares of AS stock opened at $29.04 on Wednesday. Amer Sports, Inc. has a 52-week low of $10.11 and a 52-week high of $34.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. The firm has a market capitalization of $15.86 billion and a PE ratio of -207.39. The stock has a fifty day simple moving average of $30.14 and a two-hundred day simple moving average of $23.06.

Amer Sports (NYSE:AS) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.60 billion. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. On average, analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

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.