Jane Street Group LLC Has $1.07 Million Stock Position in Amer Sports, Inc. (NYSE:AS)

Jane Street Group LLC lessened its stake in shares of Amer Sports, Inc. (NYSE:AS) by 5.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,197 shares of the company’s stock after selling 3,714 shares during the quarter. Jane Street Group LLC’s holdings in Amer Sports were worth $1,072,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Weiss Asset Management LP bought a new stake in Amer Sports during the 3rd quarter worth approximately $1,761,000. State Street Corp grew its holdings in Amer Sports by 65.1% during the third quarter. State Street Corp now owns 884,526 shares of the company’s stock worth $14,108,000 after buying an additional 348,877 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in Amer Sports in the 3rd quarter valued at $180,000. Quarry LP bought a new position in Amer Sports during the 3rd quarter valued at $61,000. Finally, Pinpoint Asset Management Ltd boosted its holdings in Amer Sports by 29.1% during the 3rd quarter. Pinpoint Asset Management Ltd now owns 76,197 shares of the company’s stock worth $1,215,000 after acquiring an additional 17,158 shares during the last quarter. 40.25% of the stock is owned by institutional investors.

Amer Sports Stock Down 0.1 %

Amer Sports stock opened at $28.40 on Tuesday. The firm has a market capitalization of $15.52 billion and a price-to-earnings ratio of -202.84. The firm has a 50 day simple moving average of $23.29 and a 200 day simple moving average of $17.16. Amer Sports, Inc. has a 1-year low of $10.11 and a 1-year high of $29.43. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58.

Analysts Set New Price Targets

AS has been the topic of a number of research analyst reports. Hsbc Global Res downgraded Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th. UBS Group upped their price objective on Amer Sports from $27.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Wells Fargo & Company lifted their target price on Amer Sports from $20.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. Evercore ISI increased their price target on shares of Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley lifted their price objective on shares of Amer Sports from $15.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.14.

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.