China Universal Asset Management Co. Ltd. Buys 18,600 Shares of Amer Sports, Inc. (NYSE:AS)

China Universal Asset Management Co. Ltd. increased its position in Amer Sports, Inc. (NYSE:AS) by 15.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,570 shares of the company’s stock after acquiring an additional 18,600 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Amer Sports were worth $3,791,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in shares of Amer Sports by 734.8% during the third 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 purchased a new position in shares of Amer Sports in the third quarter worth $12,907,000. XTX Topco Ltd bought a new position in shares of Amer Sports during the third quarter worth $609,000. Public Employees Retirement System of Ohio purchased a new position in Amer Sports during the third quarter valued at $337,000. Finally, State Street Corp increased its holdings in Amer Sports by 65.1% in the 3rd 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 during the last quarter. Institutional investors own 40.25% of the company’s stock.

Analyst Ratings Changes

AS has been the subject of several research reports. Citigroup increased their price objective on shares of Amer Sports from $24.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Evercore ISI lifted their price objective on Amer Sports from $26.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. TD Cowen increased their target price on Amer Sports from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Robert W. Baird boosted their price target on shares of Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, Hsbc Global Res cut shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.07.

Amer Sports Stock Performance

NYSE:AS opened at $31.99 on Friday. Amer Sports, Inc. has a 52 week low of $10.11 and a 52 week high of $34.00. The firm has a 50 day moving average of $28.38 and a 200 day moving average of $19.84. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77.

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.