29,258 Shares in Amer Sports, Inc. (NYSE:AS) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in shares of Amer Sports, Inc. (NYSE:AS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 29,258 shares of the company’s stock, valued at approximately $467,000.

A number of other large investors have also added to or reduced their stakes in AS. FMR LLC lifted its stake in shares of Amer Sports by 71.2% in the third 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 in the last quarter. Point72 Hong Kong Ltd raised its stake in shares of Amer Sports by 557.7% in the second quarter. Point72 Hong Kong Ltd now owns 3,274,519 shares of the company’s stock worth $41,161,000 after purchasing an additional 2,776,619 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Amer Sports by 308.3% during the second quarter. Point72 Asset Management L.P. now owns 3,106,202 shares of the company’s stock valued at $39,045,000 after purchasing an additional 2,345,420 shares in the last quarter. Hood River Capital Management LLC lifted its holdings in shares of Amer Sports by 32.9% during the second quarter. Hood River Capital Management LLC now owns 3,896,784 shares of the company’s stock valued at $48,983,000 after purchasing an additional 965,625 shares in the last quarter. Finally, Woodson Capital Management LP purchased a new stake in shares of Amer Sports during the third quarter valued at $12,907,000. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Amer Sports Price Performance

Shares of Amer Sports stock opened at $27.65 on Monday. The stock has a market cap of $15.11 billion and a P/E ratio of -197.49. 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 stock’s fifty day moving average is $21.18 and its 200 day moving average is $16.11. Amer Sports, Inc. has a one year low of $10.11 and a one year high of $27.79.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AS. Morgan Stanley boosted their target price on Amer Sports from $15.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Wells Fargo & Company boosted their price objective on shares of Amer Sports from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Robert W. Baird increased their price objective on shares of Amer Sports from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Evercore ISI lifted their target price on shares of Amer Sports from $26.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Nomura Securities upgraded shares of Amer Sports to a “strong-buy” rating in a research note on Tuesday, September 24th. Four 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $23.07.

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.