45,396 Shares in Amer Sports, Inc. (NYSE:AS) Purchased by Sei Investments Co.

Sei Investments Co. bought a new stake in shares of Amer Sports, Inc. (NYSE:AS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 45,396 shares of the company’s stock, valued at approximately $1,269,000.

Several other large investors have also recently made changes to their positions in AS. WT Asset Management Ltd boosted its holdings in Amer Sports by 188.2% in the fourth quarter. WT Asset Management Ltd now owns 3,606,363 shares of the company’s stock worth $100,834,000 after acquiring an additional 2,355,182 shares in the last quarter. Trivest Advisors Ltd purchased a new stake in Amer Sports during the 4th quarter valued at about $39,913,000. Greenwoods Asset Management Hong Kong Ltd. purchased a new stake in Amer Sports during the 4th quarter valued at about $21,608,000. GAM Holding AG bought a new stake in Amer Sports during the 4th quarter valued at about $13,460,000. Finally, State Street Corp raised its holdings in Amer Sports by 65.1% in the third quarter. State Street Corp now owns 884,526 shares of the company’s stock worth $14,108,000 after buying an additional 348,877 shares during the last quarter. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AS has been the subject of a number of recent analyst reports. TD Cowen boosted their price objective on shares of Amer Sports from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Citigroup boosted their price target on Amer Sports from $24.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group upped their price target on Amer Sports from $28.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. HSBC downgraded 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. Finally, Robert W. Baird upped their target price on shares of Amer Sports from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.64.

Amer Sports Price Performance

AS stock opened at $23.69 on Monday. The stock has a market cap of $13.12 billion and a PE ratio of -169.23. Amer Sports, Inc. has a 12 month low of $10.11 and a 12 month high of $34.00. The company has a 50-day moving average price of $29.19 and a 200 day moving average price of $25.25. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58.

Amer Sports (NYSE:AS) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.60 billion. Amer Sports’s revenue was up 23.2% on a year-over-year basis. Equities research analysts anticipate that Amer Sports, Inc. will post 0.46 earnings per share for the current 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.