Amer Sports, Inc. (NYSE:AS) Sees Large Decline in Short Interest

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AS. Sanford C. Bernstein began coverage on shares of Amer Sports in a report on Thursday, February 13th. They issued an “outperform” rating and a $38.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of Amer Sports from $19.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Morgan Stanley upped their price target on shares of Amer Sports from $19.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Wells Fargo & Company upped their price target on shares of Amer Sports from $20.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. Finally, Citigroup boosted their price objective on shares of Amer Sports from $24.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Four 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 company’s stock. According to MarketBeat.com, Amer Sports currently has a consensus rating of “Moderate Buy” and an average target price of $28.64.

Institutional Trading of Amer Sports

A number of large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Amer Sports by 61.8% in 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 last quarter. West Branch Capital LLC lifted its stake in shares of Amer Sports by 14,285.7% during the 4th 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 last quarter. Signaturefd LLC lifted its stake in shares of Amer Sports by 35.0% during the 4th quarter. Signaturefd LLC now owns 4,136 shares of the company’s stock worth $116,000 after buying an additional 1,073 shares during the last quarter. Sterling Capital Management LLC lifted its stake in shares of Amer Sports by 55.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,487 shares of the company’s stock worth $97,000 after buying an additional 1,250 shares during the last quarter. Finally, Kieckhefer Group LLC bought a new position in Amer Sports during the fourth quarter worth about $42,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

Amer Sports Stock Performance

Shares of AS stock opened at $31.18 on Wednesday. The stock has a market cap of $17.03 billion and a P/E ratio of -222.66. 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 company has a fifty day moving average price of $29.70 and a two-hundred day moving average price of $21.65. Amer Sports has a one year low of $10.11 and a one year high of $34.00.

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.