Y Intercept Hong Kong Ltd Makes New $467,000 Investment in Amer Sports, Inc. (NYSE:AS)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Amer Sports, Inc. (NYSE:AS) during the 3rd quarter, Holdings Channel reports. The fund acquired 29,258 shares of the company’s stock, valued at approximately $467,000.

A number of other large investors also recently modified their holdings of the company. XTX Topco Ltd purchased a new stake in Amer Sports in the 3rd quarter worth $609,000. Weiss Asset Management LP bought a new position in shares of Amer Sports in the third quarter worth about $1,761,000. State Street Corp grew its position in shares of Amer Sports by 65.1% during the third quarter. State Street Corp now owns 884,526 shares of the company’s stock worth $14,108,000 after purchasing an additional 348,877 shares in the last quarter. Quantinno Capital Management LP bought a new stake in Amer Sports during the 3rd quarter valued at approximately $180,000. Finally, Quarry LP purchased a new position in Amer Sports in the 3rd quarter worth approximately $61,000. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on AS. Morgan Stanley increased their price objective on shares of Amer Sports from $15.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Robert W. Baird raised their target price on shares of Amer Sports from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. boosted 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. Evercore ISI raised their price objective on Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, UBS Group lifted their target price on Amer Sports from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Four 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.07.

Amer Sports Trading Up 2.9 %

AS opened at $27.65 on Monday. The stock has a 50-day moving average of $21.18 and a 200 day moving average of $16.11. 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, Inc. has a 12 month low of $10.11 and a 12 month high of $27.79. The firm has a market cap of $15.11 billion and a P/E ratio of -197.49.

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.