EAM Global Investors LLC Makes New Investment in Amer Sports, Inc. (NYSE:AS)

EAM Global Investors LLC bought a new stake in Amer Sports, Inc. (NYSE:AS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 209,043 shares of the company’s stock, valued at approximately $5,845,000. Amer Sports accounts for 1.0% of EAM Global Investors LLC’s investment portfolio, making the stock its 21st biggest holding.

Several other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new stake in shares of Amer Sports during the 3rd quarter valued at about $25,000. West Branch Capital LLC increased its position in Amer Sports by 14,285.7% during the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company’s stock valued at $28,000 after acquiring an additional 1,000 shares during the last quarter. Kieckhefer Group LLC purchased a new stake in Amer Sports during the fourth quarter valued at $42,000. GAMMA Investing LLC lifted its holdings in Amer Sports by 61.8% in the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock valued at $54,000 after acquiring an additional 742 shares during the period. Finally, Sterling Capital Management LLC boosted its position in Amer Sports by 55.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,487 shares of the company’s stock worth $97,000 after purchasing an additional 1,250 shares during the last quarter. 40.25% of the stock is currently owned by institutional investors.

Amer Sports Price Performance

NYSE:AS opened at $22.62 on Wednesday. The firm’s fifty day moving average is $27.46 and its two-hundred day moving average is $25.56. The firm has a market cap of $12.53 billion, a price-to-earnings ratio of -161.59, a PEG ratio of 0.72 and a beta of 2.66. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. Amer Sports, Inc. has a one year low of $10.11 and a one year high of $34.00.

Amer Sports (NYSE:AS) last posted its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. The firm had revenue of $1.64 billion during 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%. Amer Sports’s quarterly revenue was up 23.2% on a year-over-year basis. Research analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on AS. The Goldman Sachs Group raised their price objective on shares of Amer Sports from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Citigroup lifted their price target on shares of Amer Sports from $24.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Morgan Stanley upped their price objective on Amer Sports from $19.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. lifted their target price 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, Wells Fargo & Company upped their price target on Amer Sports from $25.00 to $28.00 and gave the stock an “equal weight” rating in a research 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 stock has an average rating of “Moderate Buy” and an average price target of $32.64.

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.