Amer Sports, Inc. (NYSE:AS) Short Interest Down 6.3% in January

Amer Sports, Inc. (NYSE:AS) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 5,050,000 shares, a decline of 6.3% from the January 15th total of 5,390,000 shares. Currently, 4.6% of the company’s shares are short sold. Based on an average trading volume of 3,020,000 shares, the short-interest ratio is presently 1.7 days.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Hsbc Global Res lowered shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. Morgan Stanley upped their price objective on Amer Sports from $19.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Robert W. Baird increased their price objective on Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Sanford C. Bernstein assumed coverage on Amer Sports in a research report on Thursday. They issued an “outperform” rating and a $38.00 target price on the stock. Finally, Wells Fargo & Company increased their price target on Amer Sports from $20.00 to $25.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.64.

Amer Sports Stock Up 0.4 %

Shares of AS traded up $0.12 during mid-day trading on Monday, hitting $31.00. 1,768,037 shares of the company’s stock were exchanged, compared to its average volume of 2,408,095. The stock’s 50-day moving average is $29.60 and its 200-day moving average is $21.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. Amer Sports has a fifty-two week low of $10.11 and a fifty-two week high of $34.00. The company has a market cap of $16.93 billion and a price-to-earnings ratio of -221.38.

Institutional Investors Weigh In On Amer Sports

A number of hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in shares of Amer Sports by 61.8% in the 4th quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock valued at $54,000 after buying an additional 742 shares during the period. West Branch Capital LLC increased its stake in shares of Amer Sports by 14,285.7% during the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company’s stock worth $28,000 after buying an additional 1,000 shares during the period. Signaturefd LLC raised its holdings in Amer Sports by 35.0% in the fourth quarter. Signaturefd LLC now owns 4,136 shares of the company’s stock valued at $116,000 after acquiring an additional 1,073 shares in the last quarter. Sterling Capital Management LLC lifted its stake in Amer Sports by 55.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,487 shares of the company’s stock worth $97,000 after acquiring an additional 1,250 shares during the last quarter. Finally, Kieckhefer Group LLC acquired a new position in Amer Sports during the 4th quarter worth approximately $42,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

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.