Occudo Quantitative Strategies LP Takes Position in Amer Sports, Inc. (NYSE:AS)

Occudo Quantitative Strategies LP purchased a new stake in Amer Sports, Inc. (NYSE:AS) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,892 shares of the company’s stock, valued at approximately $332,000.

Several other institutional investors and hedge funds have also modified their holdings of AS. West Branch Capital LLC boosted its stake in shares of Amer Sports by 14,285.7% in 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 increased its stake in Amer Sports by 35.0% during the 4th quarter. Signaturefd LLC now owns 4,136 shares of the company’s stock valued at $116,000 after purchasing an additional 1,073 shares in the last quarter. Sterling Capital Management LLC increased its stake in Amer Sports by 55.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,487 shares of the company’s stock valued at $97,000 after purchasing an additional 1,250 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Amer Sports in the 3rd quarter worth $25,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Amer Sports in the 4th quarter worth $104,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Amer Sports Trading Down 1.5%

Amer Sports stock opened at $30.83 on Friday. The business has a 50-day simple moving average of $25.69 and a two-hundred day simple moving average of $26.63. The company has a market cap of $17.08 billion, a P/E ratio of -220.20, a P/E/G ratio of 0.72 and a beta of 2.76. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. Amer Sports, Inc. has a 52-week low of $10.11 and a 52-week high of $34.00.

Amer Sports (NYSE:AS) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Amer Sports’s quarterly revenue was up 23.2% on a year-over-year basis. Analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on AS shares. Sanford C. Bernstein started coverage on shares of Amer Sports in a report on Thursday, February 13th. They set an “outperform” rating and a $38.00 price objective on the stock. Morgan Stanley lifted their price target on shares of Amer Sports from $19.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. UBS Group lifted their price target on shares of Amer Sports from $37.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised their price objective on Amer Sports from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group lowered their price target on Amer Sports from $33.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amer Sports presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.55.

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.