Exchange Traded Concepts LLC Makes New $2.51 Million Investment in Amer Sports, Inc. (NYSE:AS)

Exchange Traded Concepts LLC bought a new stake in Amer Sports, Inc. (NYSE:AS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 89,888 shares of the company’s stock, valued at approximately $2,513,000.

A number of other large investors also recently made changes to their positions in AS. BNP Paribas Financial Markets grew its position in Amer Sports by 734.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 80,760 shares of the company’s stock worth $1,288,000 after purchasing an additional 71,086 shares in the last quarter. Woodson Capital Management LP bought a new position in shares of Amer Sports in the third quarter valued at approximately $12,907,000. XTX Topco Ltd purchased a new stake in shares of Amer Sports during the third quarter valued at approximately $609,000. Public Employees Retirement System of Ohio bought a new stake in Amer Sports during the third quarter worth $337,000. Finally, State Street Corp boosted its position in Amer Sports by 65.1% in 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 during the last quarter. 40.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. UBS Group increased their price target on shares of Amer Sports from $27.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Hsbc Global Res downgraded shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 16th. Evercore ISI lifted their price target on shares of Amer Sports from $26.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. TD Cowen increased their price objective on Amer Sports from $29.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. boosted their target price on Amer Sports from $19.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.07.

Amer Sports Trading Down 0.8 %

Shares of AS opened at $30.62 on Friday. Amer Sports, Inc. has a 1-year low of $10.11 and a 1-year high of $31.60. The company has a market capitalization of $16.73 billion and a P/E ratio of -218.72. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. The firm’s 50 day simple moving average is $27.50 and its 200 day simple moving average is $19.32.

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.