Sanctuary Advisors LLC Makes New $168,000 Investment in Amer Sports, Inc. (NYSE:AS)

Sanctuary Advisors LLC acquired a new stake in shares of Amer Sports, Inc. (NYSE:AS) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 10,552 shares of the company’s stock, valued at approximately $168,000.

A number of other institutional investors also recently modified their holdings of AS. Signaturefd LLC acquired a new position in Amer Sports during the 3rd quarter valued at about $49,000. Quarry LP bought a new position in shares of Amer Sports in the third quarter valued at approximately $61,000. CWM LLC purchased a new position in shares of Amer Sports during the third quarter valued at approximately $73,000. Amalgamated Bank bought a new stake in Amer Sports during the second quarter worth $83,000. Finally, Virtu Financial LLC purchased a new stake in Amer Sports in the 3rd quarter valued at $167,000. 40.25% of the stock is owned by institutional investors and hedge funds.

Amer Sports Price Performance

Shares of NYSE:AS opened at $28.40 on Tuesday. The firm has a market capitalization of $15.52 billion and a PE ratio of -202.84. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $23.29 and a two-hundred day moving average price of $17.16. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $29.43.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AS shares. JPMorgan Chase & Co. upped their target price on shares of Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. The Goldman Sachs Group increased their price objective on shares of Amer Sports from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Hsbc Global Res downgraded Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th. Evercore ISI increased their price target on Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, Nomura Securities raised Amer Sports to a “strong-buy” rating in a research report on Tuesday, September 24th. Five 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.14.

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.