Barclays PLC Sells 26,854 Shares of Amer Sports, Inc. (NYSE:AS)

Barclays PLC cut its holdings in shares of Amer Sports, Inc. (NYSE:AS) by 89.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 3,164 shares of the company’s stock after selling 26,854 shares during the period. Barclays PLC’s holdings in Amer Sports were worth $51,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in Amer Sports during the 3rd quarter worth approximately $337,000. Y Intercept Hong Kong Ltd bought a new stake in Amer Sports during the third quarter worth $467,000. XTX Topco Ltd bought a new stake in Amer Sports during the third quarter worth $609,000. Weiss Asset Management LP purchased a new stake in Amer Sports in the 3rd quarter valued at $1,761,000. Finally, State Street Corp lifted its stake 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. Institutional investors and hedge funds own 40.25% of the company’s stock.

Wall Street Analyst Weigh In

AS has been the subject of several analyst reports. Hsbc Global Res downgraded shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. TD Cowen increased their price objective on shares of Amer Sports from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their target price on Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Evercore ISI upped their target price on Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group lifted their price target on Amer Sports from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $26.50.

Amer Sports Price Performance

AS stock opened at $30.56 on Friday. The firm has a 50 day moving average of $25.11 and a 200-day moving average of $17.95. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $16.70 billion and a P/E ratio of -218.27. Amer Sports, Inc. has a 12 month low of $10.11 and a 12 month high of $31.32.

Amer Sports 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.