135,000 Shares in Amer Sports, Inc. (NYSE:AS) Bought by Capricorn Fund Managers Ltd

Capricorn Fund Managers Ltd bought a new position in shares of Amer Sports, Inc. (NYSE:AS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 135,000 shares of the company’s stock, valued at approximately $3,834,000. Amer Sports comprises 1.7% of Capricorn Fund Managers Ltd’s holdings, making the stock its 28th biggest position.

Several other institutional investors also recently bought and sold shares of AS. JPMorgan Chase & Co. bought a new position in shares of Amer Sports in the third quarter valued at approximately $25,000. Kieckhefer Group LLC bought a new position in Amer Sports in the 4th quarter worth $42,000. Signaturefd LLC acquired a new position in Amer Sports during the 3rd quarter worth $49,000. GAMMA Investing LLC boosted its holdings in Amer Sports by 61.8% during the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock valued at $54,000 after acquiring an additional 742 shares during the period. Finally, Quarry LP bought a new position in shares of Amer Sports in the third quarter worth about $61,000. 40.25% of the stock is currently owned by institutional investors.

Amer Sports Price Performance

Shares of NYSE AS opened at $29.80 on Tuesday. Amer Sports, Inc. has a 52-week low of $10.11 and a 52-week high of $31.32. 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 business has a fifty day moving average of $26.61 and a two-hundred day moving average of $18.84.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Robert W. Baird lifted their price target on Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. HSBC lowered 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. Citigroup increased their price target 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. TD Cowen boosted their price objective on shares of Amer Sports from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company increased their target price on shares of Amer Sports from $20.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Amer Sports presently has a consensus rating of “Moderate Buy” and an average price target of $26.50.

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.