Choreo LLC Takes $250,000 Position in Amer Sports, Inc. (NYSE:AS)

Choreo LLC acquired a new position in Amer Sports, Inc. (NYSE:AS) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,787 shares of the company’s stock, valued at approximately $250,000.

A number of other institutional investors have also recently bought and sold shares of AS. WT Asset Management Ltd increased its holdings in shares of Amer Sports by 188.2% in the 4th quarter. WT Asset Management Ltd now owns 3,606,363 shares of the company’s stock valued at $100,834,000 after purchasing an additional 2,355,182 shares during the period. Renaissance Capital LLC increased its stake in Amer Sports by 116.2% in the 4th 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. China Universal Asset Management Co. Ltd. lifted its position in Amer Sports by 15.9% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 135,570 shares of the company’s stock worth $3,791,000 after buying an additional 18,600 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Amer Sports during the 4th quarter valued at $104,000. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Amer Sports during the 4th quarter valued at $2,513,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on AS. UBS Group increased their price objective on Amer Sports from $27.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Robert W. Baird raised their price target on Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Hsbc Global Res cut Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th. Morgan Stanley raised their price objective on shares of Amer Sports from $19.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Finally, TD Cowen boosted their target price on shares of Amer Sports from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.64.

Amer Sports Stock Up 0.4 %

Amer Sports stock opened at $31.00 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. Amer Sports, Inc. has a fifty-two week low of $10.11 and a fifty-two week high of $34.00. The firm has a fifty day moving average price of $29.48 and a two-hundred day moving average price of $21.23. The firm has a market cap of $16.93 billion and a price-to-earnings ratio of -221.38.

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.