Jane Street Group LLC Sells 3,714 Shares of Amer Sports, Inc. (NYSE:AS)

Jane Street Group LLC decreased its holdings in shares of Amer Sports, Inc. (NYSE:AS) by 5.2% in the third quarter, HoldingsChannel reports. The firm owned 67,197 shares of the company’s stock after selling 3,714 shares during the quarter. Jane Street Group LLC’s holdings in Amer Sports were worth $1,072,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AS. Weiss Asset Management LP bought a new stake in shares of Amer Sports during the 3rd quarter valued at about $1,761,000. State Street Corp boosted its position in Amer Sports by 65.1% during the 3rd quarter. State Street Corp now owns 884,526 shares of the company’s stock valued at $14,108,000 after acquiring an additional 348,877 shares in the last quarter. Quantinno Capital Management LP purchased a new position in shares of Amer Sports during the 3rd quarter worth approximately $180,000. Quarry LP bought a new position in shares of Amer Sports in the 3rd quarter worth approximately $61,000. Finally, Pinpoint Asset Management Ltd lifted its stake in shares of Amer Sports by 29.1% in the 3rd quarter. Pinpoint Asset Management Ltd now owns 76,197 shares of the company’s stock valued at $1,215,000 after purchasing an additional 17,158 shares during the period. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Amer Sports Stock Performance

Shares of AS stock opened at $28.40 on Tuesday. The stock has a market cap of $15.52 billion and a PE ratio of -202.84. Amer Sports, Inc. has a 52-week low of $10.11 and a 52-week high of $29.43. The business has a 50-day simple moving average of $23.29 and a 200-day simple moving average of $17.16. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Amer Sports from $15.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. TD Cowen boosted their price target on Amer Sports from $23.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. The Goldman Sachs Group raised their price objective on Amer Sports from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. HSBC downgraded Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a report on Monday, December 16th. Finally, Evercore ISI raised their price target on Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Five research 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $25.14.

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.