GSA Capital Partners LLP Makes New Investment in Amer Sports, Inc. (NYSE:AS)

GSA Capital Partners LLP acquired a new stake in Amer Sports, Inc. (NYSE:AS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 131,468 shares of the company’s stock, valued at approximately $2,097,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC acquired a new position in Amer Sports in the third quarter valued at approximately $49,000. CWM LLC acquired a new stake in Amer Sports during the 3rd quarter worth $73,000. Dnca Finance purchased a new stake in Amer Sports in the second quarter valued at $81,000. Amalgamated Bank acquired a new position in Amer Sports in the second quarter valued at $83,000. Finally, Artemis Investment Management LLP purchased a new position in shares of Amer Sports during the third quarter worth about $293,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

Amer Sports Price Performance

Shares of AS stock opened at $19.96 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.87 and a quick ratio of 0.81. Amer Sports, Inc. has a 12-month low of $10.11 and a 12-month high of $20.68. The stock has a 50 day simple moving average of $16.86 and a 200-day simple moving average of $14.59.

Amer Sports (NYSE:AS) last released its quarterly earnings data on Tuesday, August 20th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.11. The firm had revenue of $993.80 million during the quarter, compared to analysts’ expectations of $947.59 million. Amer Sports had a negative return on equity of 0.63% and a negative net margin of 2.79%. The company’s revenue was up 16.0% compared to the same quarter last year. Equities research analysts expect that Amer Sports, Inc. will post 0.44 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on AS. The Goldman Sachs Group raised their price target on Amer Sports from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Evercore ISI reiterated an “outperform” rating and issued a $21.00 price target on shares of Amer Sports in a research report on Wednesday, August 21st. Wells Fargo & Company downgraded shares of Amer Sports from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $17.00 to $19.00 in a research report on Monday, October 14th. Citigroup lifted their price objective on shares of Amer Sports from $19.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, UBS Group raised their price target on Amer Sports from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $19.57.

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.