Woodson Capital Management LP Purchases Shares of 809,200 Amer Sports, Inc. (NYSE:AS)

Woodson Capital Management LP purchased a new stake in shares of Amer Sports, Inc. (NYSE:AS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 809,200 shares of the company’s stock, valued at approximately $12,907,000. Amer Sports accounts for approximately 2.5% of Woodson Capital Management LP’s investment portfolio, making the stock its 18th biggest holding.

A number of other large investors have also made changes to their positions in AS. Signaturefd LLC bought a new position in shares of Amer Sports during the 3rd quarter valued at approximately $49,000. CWM LLC bought a new position in shares of Amer Sports during the 3rd quarter valued at approximately $73,000. Dnca Finance bought a new position in shares of Amer Sports during the 2nd quarter valued at approximately $81,000. Amalgamated Bank bought a new position in shares of Amer Sports during the 2nd quarter valued at approximately $83,000. Finally, Walleye Capital LLC bought a new position in shares of Amer Sports during the 3rd quarter valued at approximately $274,000. 40.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AS shares. UBS Group boosted their price objective on Amer Sports from $24.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. TD Cowen boosted their price objective on Amer Sports from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Morgan Stanley upped their price target on Amer Sports from $15.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. upped their price target on Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Finally, Nomura Securities upgraded Amer Sports to a “strong-buy” rating in a research note on Tuesday, September 24th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Amer Sports has an average rating of “Moderate Buy” and an average price target of $21.43.

Amer Sports Stock Up 1.1 %

Shares of AS opened at $25.87 on Friday. The stock has a market capitalization of $13.07 billion and a price-to-earnings ratio of -184.77. Amer Sports, Inc. has a 1 year low of $10.11 and a 1 year high of $26.00. The business’s 50 day simple moving average is $18.98 and its 200-day simple moving average is $15.30. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77.

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.