Signaturefd LLC Makes New $49,000 Investment in Amer Sports, Inc. (NYSE:AS)

Signaturefd LLC acquired a new position in Amer Sports, Inc. (NYSE:AS) in the 3rd quarter, Holdings Channel reports. The firm acquired 3,063 shares of the company’s stock, valued at approximately $49,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC purchased a new stake in Amer Sports in the third quarter worth about $73,000. Dnca Finance purchased a new stake in Amer Sports in the second quarter worth about $81,000. Amalgamated Bank purchased a new position in shares of Amer Sports during the second quarter valued at approximately $83,000. Artemis Investment Management LLP purchased a new position in shares of Amer Sports during the third quarter valued at approximately $293,000. Finally, Summit Securities Group LLC purchased a new position in shares of Amer Sports during the second quarter valued at approximately $297,000. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Amer Sports Trading Up 1.3 %

NYSE:AS opened at $18.22 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 1.87 and a debt-to-equity ratio of 0.58. Amer Sports, Inc. has a 12 month low of $10.11 and a 12 month high of $19.73. The company has a 50 day simple moving average of $15.92 and a two-hundred day simple moving average of $14.25.

Amer Sports (NYSE:AS) last posted its earnings results on Tuesday, August 20th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.11. Amer Sports had a negative net margin of 2.79% and a negative return on equity of 0.63%. The business had revenue of $993.80 million during the quarter, compared to the consensus estimate of $947.59 million. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. Sell-side analysts expect that Amer Sports, Inc. will post 0.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on AS. UBS Group lifted their target price on shares of Amer Sports from $17.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. The Goldman Sachs Group lifted their target price on shares of Amer Sports from $19.00 to $21.00 and gave the company a “buy” rating in a report on Monday, October 21st. Nomura Securities upgraded shares of Amer Sports to a “strong-buy” rating in a report on Tuesday, September 24th. TD Cowen lifted their target price on shares of Amer Sports from $17.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Wells Fargo & Company downgraded shares of Amer Sports from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $17.00 to $19.00 in a research report on Monday, October 14th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.86.

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.