Invesco Ltd. Trims Stock Holdings in Amer Sports, Inc. (NYSE:AS)

Invesco Ltd. decreased its position in Amer Sports, Inc. (NYSE:AS) by 43.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,196 shares of the company’s stock after selling 32,834 shares during the quarter. Invesco Ltd.’s holdings in Amer Sports were worth $1,208,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of Amer Sports by 61.8% in the 4th quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock worth $54,000 after purchasing an additional 742 shares during the last quarter. West Branch Capital LLC increased its stake in Amer Sports by 14,285.7% during the 4th quarter. West Branch Capital LLC now owns 1,007 shares of the company’s stock valued at $28,000 after purchasing an additional 1,000 shares in the last quarter. Signaturefd LLC raised its holdings in Amer Sports by 35.0% in the fourth quarter. Signaturefd LLC now owns 4,136 shares of the company’s stock worth $116,000 after buying an additional 1,073 shares during the last quarter. Kieckhefer Group LLC bought a new position in shares of Amer Sports in the fourth quarter worth approximately $42,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Amer Sports during the third quarter valued at approximately $25,000. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Amer Sports Price Performance

Shares of NYSE:AS opened at $24.24 on Friday. The firm’s 50 day moving average price is $25.80 and its 200-day moving average price is $25.95. 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 stock has a market capitalization of $13.43 billion, a PE ratio of -173.14, a price-to-earnings-growth ratio of 0.72 and a beta of 2.66. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $34.00.

Amer Sports (NYSE:AS) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. Equities research analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of Amer Sports from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Wells Fargo & Company decreased their price target on Amer Sports from $28.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday. Morgan Stanley increased their price objective on Amer Sports from $19.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. TD Cowen boosted their target price on Amer Sports from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Amer Sports from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.45.

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.