Amer Sports, Inc. (NYSE:AS) Shares Sold by Stonehage Fleming Financial Services Holdings Ltd

Stonehage Fleming Financial Services Holdings Ltd lowered its stake in Amer Sports, Inc. (NYSE:AS) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 42,308 shares of the company’s stock after selling 929 shares during the quarter. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Amer Sports were worth $1,183,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Amalgamated Bank purchased a new position in shares of Amer Sports in the second quarter worth approximately $83,000. Sei Investments Co. grew its stake in Amer Sports by 23.1% in the second quarter. Sei Investments Co. now owns 73,141 shares of the company’s stock valued at $919,000 after purchasing an additional 13,748 shares in the last quarter. Artemis Investment Management LLP acquired a new position in Amer Sports in the third quarter worth approximately $293,000. CWM LLC bought a new position in shares of Amer Sports during the 3rd quarter valued at $73,000. Finally, Creative Planning acquired a new stake in shares of Amer Sports in the third quarter worth about $656,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AS shares. UBS Group raised their price target on Amer Sports from $27.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. TD Cowen raised their price target on shares of Amer Sports from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Morgan Stanley boosted their target price on shares of Amer Sports from $19.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. increased their price target on Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, Citigroup boosted their target price on shares of Amer Sports from $24.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $27.07.

Amer Sports Price Performance

Shares of NYSE AS opened at $30.62 on Monday. The company has a market capitalization of $16.73 billion and a PE ratio of -218.72. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $27.50 and a 200 day simple moving average of $19.38. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $31.60.

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.