Artemis Investment Management LLP Raises Holdings in Amer Sports, Inc. (NYSE:AS)

Artemis Investment Management LLP boosted its stake in Amer Sports, Inc. (NYSE:AS) by 35.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 24,817 shares of the company’s stock after buying an additional 6,444 shares during the period. Artemis Investment Management LLP’s holdings in Amer Sports were worth $694,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. FMR LLC raised its stake in shares of Amer Sports by 71.2% during the third quarter. FMR LLC now owns 7,533,007 shares of the company’s stock valued at $120,151,000 after acquiring an additional 3,133,312 shares during the last quarter. Hood River Capital Management LLC raised its position in Amer Sports by 32.9% during the 2nd 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 during the last quarter. Point72 Hong Kong Ltd lifted its holdings in Amer Sports by 557.7% in the 2nd quarter. Point72 Hong Kong Ltd now owns 3,274,519 shares of the company’s stock worth $41,161,000 after buying an additional 2,776,619 shares during the period. Point72 Asset Management L.P. grew its position in shares of Amer Sports by 308.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,106,202 shares of the company’s stock worth $39,045,000 after buying an additional 2,345,420 shares during the last quarter. Finally, WCM Investment Management LLC increased its stake in shares of Amer Sports by 29.9% during the third quarter. WCM Investment Management LLC now owns 1,330,092 shares of the company’s stock valued at $21,787,000 after buying an additional 306,001 shares during the period. 40.25% of the stock is owned by hedge funds and other institutional investors.

Amer Sports Stock Down 0.3 %

AS stock opened at $29.80 on Monday. The business’s 50-day moving average price is $26.43 and its 200-day moving average price is $18.71. The stock has a market cap of $16.28 billion and a P/E ratio of -212.86. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $31.32.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Hsbc Global Res cut shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. UBS Group boosted their price target on shares of Amer Sports from $27.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. HSBC lowered shares of Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a report on Monday, December 16th. Robert W. Baird increased their target price on Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, The Goldman Sachs Group lifted their price target on Amer Sports from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Five 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.50.

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.