Amer Sports, Inc. (NYSE:AS) Shares Bought by Renaissance Capital LLC

Renaissance Capital LLC boosted its holdings in Amer Sports, Inc. (NYSE:AS) by 116.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,697 shares of the company’s stock after purchasing an additional 72,936 shares during the quarter. Amer Sports makes up 2.5% of Renaissance Capital LLC’s portfolio, making the stock its 21st biggest holding. Renaissance Capital LLC’s holdings in Amer Sports were worth $3,794,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. West Branch Capital LLC lifted 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 buying an additional 1,000 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in Amer Sports during the 4th quarter worth $42,000. JPMorgan Chase & Co. acquired a new stake in Amer Sports in the 3rd quarter valued at $25,000. GAMMA Investing LLC raised its position 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 purchasing an additional 742 shares during the period. Finally, Signaturefd LLC acquired a new position in shares of Amer Sports during the third quarter worth about $49,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

Wall Street Analyst Weigh In

AS has been the topic of several analyst reports. TD Cowen raised their target price on Amer Sports from $29.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. UBS Group lifted their price objective on shares of Amer Sports from $27.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. HSBC downgraded shares of Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research note on Monday, December 16th. JPMorgan Chase & Co. lifted their price target on shares of Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Finally, Citigroup upped their price objective on shares of Amer Sports from $24.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.07.

Amer Sports Price Performance

Shares of NYSE AS opened at $30.91 on Tuesday. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $16.89 billion and a price-to-earnings ratio of -220.80. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $34.00. The business has a 50 day simple moving average of $28.53 and a 200-day simple moving average of $20.10.

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.