10,480 Shares in Amer Sports, Inc. (NYSE:AS) Acquired by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in Amer Sports, Inc. (NYSE:AS) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 10,480 shares of the company’s stock, valued at approximately $167,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new position in Amer Sports during the 3rd quarter valued at approximately $337,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Amer Sports during the third quarter valued at approximately $467,000. XTX Topco Ltd bought a new position in shares of Amer Sports during the third quarter valued at approximately $609,000. Weiss Asset Management LP purchased a new stake in Amer Sports in the third quarter worth $1,761,000. Finally, State Street Corp boosted its holdings in Amer Sports by 65.1% in the third quarter. State Street Corp now owns 884,526 shares of the company’s stock valued at $14,108,000 after acquiring an additional 348,877 shares in the last quarter. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on AS. HSBC lowered shares of Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a report on Monday. Citigroup raised their price objective on shares of Amer Sports from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Wells Fargo & Company upped their target price on Amer Sports from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. UBS Group raised their target price on Amer Sports from $27.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, TD Cowen upped their price target on Amer Sports from $23.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amer Sports has an average rating of “Moderate Buy” and an average price target of $24.79.

Amer Sports Stock Performance

Shares of Amer Sports stock opened at $27.69 on Thursday. Amer Sports, Inc. has a 1 year low of $10.11 and a 1 year high of $29.43. The firm’s 50-day moving average is $21.76 and its 200 day moving average is $16.38. The stock has a market cap of $15.13 billion and a price-to-earnings ratio of -197.77. 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 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.