Amer Sports, Inc. (NYSE:AS) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC reduced its position in Amer Sports, Inc. (NYSE:AS) by 2.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 681,290 shares of the company’s stock after selling 20,587 shares during the quarter. Gotham Asset Management LLC’s holdings in Amer Sports were worth $19,049,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Ethic Inc. acquired a new position in shares of Amer Sports during the fourth quarter worth about $341,000. Fred Alger Management LLC purchased a new stake in Amer Sports in the 4th quarter valued at approximately $2,272,000. D. E. Shaw & Co. Inc. acquired a new position in Amer Sports during the 4th quarter worth approximately $12,440,000. Deutsche Bank AG raised its stake in shares of Amer Sports by 812.5% during the 4th quarter. Deutsche Bank AG now owns 921,554 shares of the company’s stock worth $25,767,000 after buying an additional 820,560 shares in the last quarter. Finally, Crestline Management LP purchased a new position in shares of Amer Sports during the 4th quarter worth approximately $786,000. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Analysts Set New Price Targets

AS has been the topic of a number of recent analyst reports. The Goldman Sachs Group dropped their price objective on Amer Sports from $33.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company lowered their price target on shares of Amer Sports from $28.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 30th. UBS Group raised their price objective on shares of Amer Sports from $37.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. upped their target price on shares of Amer Sports from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Finally, Sanford C. Bernstein started coverage on shares of Amer Sports in a research report on Thursday, February 13th. They set an “outperform” rating and a $38.00 price target for the company. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.45.

Amer Sports Trading Down 1.5 %

Shares of Amer Sports stock opened at $26.99 on Friday. Amer Sports, Inc. has a 1 year low of $10.11 and a 1 year high of $34.00. 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 business has a 50 day moving average price of $25.43 and a 200 day moving average price of $26.28. The company has a market capitalization of $14.95 billion, a P/E ratio of -192.77, a P/E/G ratio of 0.72 and a beta of 2.76.

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

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.