WT Asset Management Ltd Raises Stock Position in Amer Sports, Inc. (NYSE:AS)

WT Asset Management Ltd boosted its position in Amer Sports, Inc. (NYSE:AS) by 188.2% in the 4th quarter, Holdings Channel reports. The firm owned 3,606,363 shares of the company’s stock after buying an additional 2,355,182 shares during the quarter. Amer Sports accounts for approximately 11.1% of WT Asset Management Ltd’s portfolio, making the stock its 2nd biggest position. WT Asset Management Ltd’s holdings in Amer Sports were worth $100,834,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AS. FMR LLC lifted its holdings in Amer Sports by 71.2% during the 3rd quarter. FMR LLC now owns 7,533,007 shares of the company’s stock valued at $120,151,000 after buying an additional 3,133,312 shares in the last quarter. WCM Investment Management LLC raised its stake in shares of Amer Sports by 29.9% during the third quarter. WCM Investment Management LLC now owns 1,330,092 shares of the company’s stock valued at $21,787,000 after acquiring an additional 306,001 shares in the last quarter. State Street Corp boosted its holdings in shares of 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 purchasing an additional 348,877 shares during the period. Woodson Capital Management LP bought a new position in Amer Sports in the third quarter worth approximately $12,907,000. Finally, Polymer Capital Management HK LTD increased its holdings in Amer Sports by 236.1% during the 3rd quarter. Polymer Capital Management HK LTD now owns 438,966 shares of the company’s stock worth $7,002,000 after purchasing an additional 308,376 shares during the period. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Amer Sports Stock Performance

AS opened at $31.64 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. The firm’s 50-day moving average price is $28.64 and its 200-day moving average price is $20.24. Amer Sports, Inc. has a 52-week low of $10.11 and a 52-week high of $34.00.

Wall Street Analyst Weigh In

AS has been the topic of a number of recent research reports. TD Cowen increased their price target on Amer Sports from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. HSBC downgraded shares of Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a research report on Monday, December 16th. Hsbc Global Res cut 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 objective on shares of Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. upped their target price on Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amer Sports presently has an average rating of “Moderate Buy” and an average target price of $27.07.

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.