Nuveen Asset Management LLC Sells 114,813 Shares of Amer Sports, Inc. (NYSE:AS)

Nuveen Asset Management LLC decreased its stake in Amer Sports, Inc. (NYSE:AS) by 58.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,341 shares of the company’s stock after selling 114,813 shares during the period. Nuveen Asset Management LLC’s holdings in Amer Sports were worth $2,274,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AS. FMR LLC boosted its position in Amer Sports by 250.7% during the fourth quarter. FMR LLC now owns 26,414,511 shares of the company’s stock valued at $738,550,000 after buying an additional 18,881,504 shares during the period. Brilliance Asset Management Ltd. grew its holdings in shares of Amer Sports by 5.1% during the 4th quarter. Brilliance Asset Management Ltd. now owns 4,073,061 shares of the company’s stock worth $113,883,000 after acquiring an additional 196,380 shares during the period. Candlestick Capital Management LP raised its position in shares of Amer Sports by 1.7% in the 4th quarter. Candlestick Capital Management LP now owns 3,864,510 shares of the company’s stock worth $108,052,000 after acquiring an additional 63,078 shares in the last quarter. WT Asset Management Ltd boosted its position in shares of Amer Sports by 188.2% during the fourth quarter. WT Asset Management Ltd now owns 3,606,363 shares of the company’s stock valued at $100,834,000 after purchasing an additional 2,355,182 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in Amer Sports by 262.5% during the fourth quarter. Marshall Wace LLP now owns 3,316,167 shares of the company’s stock valued at $92,720,000 after buying an additional 2,401,302 shares during the period. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Amer Sports Price Performance

Shares of Amer Sports stock opened at $36.79 on Tuesday. The firm has a market cap of $20.38 billion, a PE ratio of -262.80, a PEG ratio of 0.72 and a beta of 2.76. Amer Sports, Inc. has a 12 month low of $10.11 and a 12 month high of $38.51. The stock has a 50 day moving average of $27.61 and a 200 day moving average of $28.19. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58.

Amer Sports (NYSE:AS) last released its quarterly earnings results on Tuesday, May 20th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.15 by $0.12. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business posted $0.08 earnings per share. The firm’s revenue was up 24.5% on a year-over-year basis. On average, research analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AS shares. Wells Fargo & Company set a $35.00 price target on shares of Amer Sports and gave the company an “equal weight” rating in a research report on Wednesday, May 21st. Wall Street Zen upgraded shares of Amer Sports from a “hold” rating to a “buy” rating in a report on Saturday, May 24th. UBS Group reaffirmed a “buy” rating and issued a $50.00 target price (up previously from $37.00) on shares of Amer Sports in a research report on Wednesday, May 21st. TD Securities increased their price objective on shares of Amer Sports from $30.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, May 21st. Finally, Sanford C. Bernstein assumed coverage on Amer Sports in a report on Thursday, February 13th. They set an “outperform” rating and a $38.00 price target for the company. Four equities research 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.67.

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.