E Fund Management Hong Kong Co. Ltd. Purchases Shares of 3,725 Amer Sports, Inc. (NYSE:AS)

E Fund Management Hong Kong Co. Ltd. acquired a new position in Amer Sports, Inc. (NYSE:AS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 3,725 shares of the company’s stock, valued at approximately $104,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC grew its holdings in 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 acquiring an additional 3,133,312 shares during the last quarter. WCM Investment Management LLC boosted its holdings in shares of Amer Sports by 29.9% during the third quarter. WCM Investment Management LLC now owns 1,330,092 shares of the company’s stock worth $21,787,000 after purchasing an additional 306,001 shares during the period. WT Asset Management Ltd boosted its holdings in shares of Amer Sports by 104.4% during the third quarter. WT Asset Management Ltd now owns 1,251,181 shares of the company’s stock worth $19,956,000 after purchasing an additional 638,939 shares during the period. State Street Corp grew its stake in shares of Amer Sports by 65.1% in the third quarter. State Street Corp now owns 884,526 shares of the company’s stock worth $14,108,000 after purchasing an additional 348,877 shares during the last quarter. Finally, Woodson Capital Management LP purchased a new position in Amer Sports during the 3rd quarter valued at about $12,907,000. Institutional investors own 40.25% of the company’s stock.

Amer Sports Stock Performance

Shares of AS opened at $30.62 on Monday. 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 stock has a market cap of $16.73 billion and a P/E ratio of -218.72. The business’s 50 day moving average price is $27.50 and its 200-day moving average price is $19.38. Amer Sports, Inc. has a 52 week low of $10.11 and a 52 week high of $31.60.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AS shares. Hsbc Global Res cut Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. The Goldman Sachs Group raised their price target on Amer Sports from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Robert W. Baird boosted their price objective on shares of Amer Sports from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. raised their target price on shares of Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, TD Cowen boosted their price target on shares of Amer Sports from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $27.07.

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.