Verition Fund Management LLC Invests $301,000 in Amer Sports, Inc. (NYSE:AS)

Verition Fund Management LLC purchased a new stake in shares of Amer Sports, Inc. (NYSE:AS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 18,894 shares of the company’s stock, valued at approximately $301,000.

A number of other hedge funds also recently bought and sold shares of the business. Woodson Capital Management LP purchased a new position in Amer Sports during the 3rd quarter valued at about $12,907,000. Walleye Capital LLC purchased a new position in shares of Amer Sports during the third quarter valued at approximately $274,000. BNP Paribas Financial Markets boosted its position in shares of Amer Sports by 734.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 80,760 shares of the company’s stock worth $1,288,000 after purchasing an additional 71,086 shares in the last quarter. FMR LLC grew its stake in shares of Amer Sports by 71.2% in the 3rd quarter. FMR LLC now owns 7,533,007 shares of the company’s stock worth $120,151,000 after buying an additional 3,133,312 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in Amer Sports during the 3rd quarter valued at approximately $2,097,000. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Amer Sports Trading Up 2.9 %

Shares of NYSE AS opened at $27.65 on Friday. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $27.79. 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 business has a fifty day simple moving average of $21.18 and a two-hundred day simple moving average of $16.11. The firm has a market cap of $15.11 billion and a PE ratio of -197.49.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AS shares. 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. Evercore ISI lifted their target price on shares of Amer Sports from $26.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday. The Goldman Sachs Group upped their target price on shares of Amer Sports from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Nomura Securities raised shares of Amer Sports to a “strong-buy” rating in a research report on Tuesday, September 24th. Finally, Citigroup upped their price objective on Amer Sports from $19.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.07.

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.