Charles Schwab Investment Management Inc. Purchases New Stake in Amer Sports, Inc. (NYSE:AS)

Charles Schwab Investment Management Inc. acquired a new position in Amer Sports, Inc. (NYSE:AS) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 10,111 shares of the company’s stock, valued at approximately $283,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new position in Amer Sports during the 3rd quarter worth approximately $25,000. West Branch Capital LLC raised its holdings in Amer Sports by 14,285.7% in the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company’s stock worth $28,000 after purchasing an additional 1,000 shares during the period. Kieckhefer Group LLC bought a new position in shares of Amer Sports during the fourth quarter worth $42,000. GAMMA Investing LLC boosted its position in shares of Amer Sports by 61.8% during the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock worth $54,000 after purchasing an additional 742 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Amer Sports in the 3rd quarter valued at $61,000. 40.25% of the stock is owned by institutional investors.

Amer Sports Stock Up 0.4 %

Shares of AS opened at $26.84 on Wednesday. The firm has a market cap of $14.87 billion and a P/E ratio of -191.73. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. Amer Sports, Inc. has a 52 week low of $10.11 and a 52 week high of $34.00. The firm’s 50-day simple moving average is $29.50 and its 200 day simple moving average is $25.03.

Amer Sports (NYSE:AS) last posted its earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.60 billion. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The company’s revenue was up 23.2% compared to the same quarter last year. On average, analysts forecast that Amer Sports, Inc. will post 0.46 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on AS shares. Robert W. Baird lifted their target price on Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Hsbc Global Res cut Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. Morgan Stanley increased their target price on Amer Sports from $19.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Sanford C. Bernstein initiated coverage on shares of Amer Sports in a research note on Thursday, February 13th. They issued an “outperform” rating and a $38.00 price target on the stock. Finally, UBS Group increased their price objective on shares of Amer Sports from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amer Sports currently has a consensus rating of “Moderate Buy” and an average target price of $32.64.

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.