Sabal Trust CO Sells 2,183 Shares of Amer Sports, Inc. (NYSE:AS)

Sabal Trust CO cut its holdings in Amer Sports, Inc. (NYSE:AS) by 2.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 78,068 shares of the company’s stock after selling 2,183 shares during the quarter. Sabal Trust CO’s holdings in Amer Sports were worth $2,183,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in 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 acquiring an additional 742 shares in the last quarter. West Branch Capital LLC boosted its position 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. Kieckhefer Group LLC bought a new position in shares of Amer Sports during the fourth quarter worth about $42,000. JPMorgan Chase & Co. acquired a new stake in Amer Sports in the 3rd quarter valued at approximately $25,000. Finally, Signaturefd LLC bought a new position in shares of Amer Sports during the 3rd quarter worth approximately $49,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Amer Sports in a research report on Thursday, February 13th. They set an “outperform” rating and a $38.00 price target on the stock. The Goldman Sachs Group lifted their price objective on shares of Amer Sports from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Citigroup raised their price target on Amer Sports from $24.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Wells Fargo & Company upped their price objective on shares of Amer Sports from $20.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Finally, 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. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Amer Sports currently has an average rating of “Moderate Buy” and a consensus target price of $28.64.

Amer Sports Price Performance

Shares of NYSE AS opened at $28.91 on Wednesday. The company has a market capitalization of $15.80 billion and a PE ratio of -206.49. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $34.00. The firm has a fifty day simple moving average of $30.00 and a 200 day simple moving average of $22.42.

Amer Sports (NYSE:AS) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.60 billion. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The firm’s quarterly revenue was up 23.2% compared to the same quarter last year. On average, sell-side analysts forecast that Amer Sports, Inc. will post 0.46 EPS for the current year.

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.