Amer Sports, Inc. (NYSE:AS) Shares Sold by Barclays PLC

Barclays PLC cut its stake in shares of Amer Sports, Inc. (NYSE:AS) by 89.5% in the third quarter, HoldingsChannel.com reports. The fund owned 3,164 shares of the company’s stock after selling 26,854 shares during the period. Barclays PLC’s holdings in Amer Sports were worth $51,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Signaturefd LLC purchased a new stake in shares of Amer Sports in the third quarter valued at approximately $49,000. Quarry LP purchased a new stake in Amer Sports in the 3rd quarter valued at $61,000. CWM LLC acquired a new stake in shares of Amer Sports in the 3rd quarter worth $73,000. Amalgamated Bank acquired a new stake in shares of Amer Sports in the 2nd quarter worth $83,000. Finally, Quantinno Capital Management LP purchased a new position in shares of Amer Sports during the 3rd quarter worth $180,000. 40.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AS shares. The Goldman Sachs Group lifted their price target on shares of Amer Sports from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lifted their target price on Amer Sports from $19.00 to $26.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Morgan Stanley increased their price target on Amer Sports from $19.00 to $27.00 and gave the stock an “equal weight” rating in a report on Tuesday. Robert W. Baird boosted their price objective on shares of Amer Sports from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, TD Cowen increased their target price on shares of Amer Sports from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amer Sports currently has a consensus rating of “Moderate Buy” and an average price target of $27.07.

Amer Sports Stock Down 0.8 %

AS stock opened at $30.62 on Friday. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $31.60. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $16.73 billion and a P/E ratio of -218.72. The firm has a 50 day simple moving average of $27.50 and a 200-day simple moving average of $19.27.

Amer Sports Company 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.