XTX Topco Ltd Makes New $609,000 Investment in Amer Sports, Inc. (NYSE:AS)

XTX Topco Ltd purchased a new position in Amer Sports, Inc. (NYSE:AS) in the third quarter, Holdings Channel reports. The fund purchased 38,192 shares of the company’s stock, valued at approximately $609,000.

Other large investors also recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its holdings in shares of Amer Sports by 734.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 80,760 shares of the company’s stock worth $1,288,000 after buying an additional 71,086 shares during the period. Woodson Capital Management LP bought a new stake in Amer Sports during the third quarter valued at about $12,907,000. Shellback Capital LP grew its position in shares of Amer Sports by 5.0% in the second quarter. Shellback Capital LP now owns 525,000 shares of the company’s stock valued at $6,599,000 after purchasing an additional 25,000 shares during the last quarter. Creative Planning bought a new position in shares of Amer Sports in the third quarter worth about $656,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Amer Sports during the 2nd quarter worth about $3,164,000. Institutional investors own 40.25% of the company’s stock.

Analyst Upgrades and Downgrades

AS has been the topic of a number of research analyst reports. UBS Group raised their target price on Amer Sports from $24.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. TD Cowen raised their price objective on shares of Amer Sports from $23.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday. The Goldman Sachs Group upped their target price on shares of Amer Sports from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday. Morgan Stanley raised their price target on shares of Amer Sports from $15.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Finally, Wells Fargo & Company upped their price objective on shares of Amer Sports from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Four 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.07.

Amer Sports Price Performance

Amer Sports stock opened at $26.88 on Friday. The business has a 50 day simple moving average of $20.97 and a 200 day simple moving average of $16.02. 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 company has a market capitalization of $14.69 billion and a PE ratio of -192.00. Amer Sports, Inc. has a one year low of $10.11 and a one year high of $27.65.

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.