Amer Sports, Inc. (NYSE:AS) Shares Purchased by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD boosted its stake in shares of Amer Sports, Inc. (NYSE:AS) by 236.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 438,966 shares of the company’s stock after acquiring an additional 308,376 shares during the period. Amer Sports comprises about 1.6% of Polymer Capital Management HK LTD’s holdings, making the stock its 11th biggest holding. Polymer Capital Management HK LTD owned 0.09% of Amer Sports worth $7,002,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Signaturefd LLC purchased a new position in Amer Sports in the 3rd quarter valued at $49,000. CWM LLC acquired a new stake in shares of Amer Sports in the third quarter valued at about $73,000. Dnca Finance purchased a new position in shares of Amer Sports in the second quarter worth about $81,000. Amalgamated Bank acquired a new position in Amer Sports during the second quarter worth about $83,000. Finally, Sei Investments Co. grew its stake in Amer Sports by 23.1% during the 2nd quarter. Sei Investments Co. now owns 73,141 shares of the company’s stock valued at $919,000 after acquiring an additional 13,748 shares in the last quarter. 40.25% of the stock is owned by hedge funds and other institutional investors.

Amer Sports Trading Down 1.6 %

AS opened at $25.72 on Wednesday. Amer Sports, Inc. has a 52 week low of $10.11 and a 52 week high of $26.85. 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 $19.64 and a 200-day simple moving average of $15.51. The firm has a market cap of $13.00 billion and a P/E ratio of -183.71.

Analysts Set New Price Targets

A number of research analysts have weighed in on AS shares. Citigroup boosted their target price on Amer Sports from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Nomura Securities raised Amer Sports to a “strong-buy” rating in a research note on Tuesday, September 24th. Morgan Stanley upped their target price on Amer Sports from $15.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Evercore ISI reiterated an “outperform” rating and set a $26.00 price target (up previously from $25.00) on shares of Amer Sports in a report on Wednesday, November 20th. Finally, UBS Group upped their price objective on shares of Amer Sports from $24.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Four research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $21.43.

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.