WCM Investment Management LLC Sells 386,264 Shares of Amer Sports, Inc. (NYSE:AS)

WCM Investment Management LLC lessened its holdings in Amer Sports, Inc. (NYSE:AS) by 29.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 943,828 shares of the company’s stock after selling 386,264 shares during the quarter. WCM Investment Management LLC owned approximately 0.17% of Amer Sports worth $26,805,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AS. CWM LLC bought a new stake in Amer Sports in the third quarter valued at approximately $73,000. Creative Planning acquired a new stake in shares of Amer Sports during the third quarter worth $656,000. Seven Grand Managers LLC raised its stake in Amer Sports by 566.7% during the third quarter. Seven Grand Managers LLC now owns 100,000 shares of the company’s stock worth $1,595,000 after buying an additional 85,000 shares during the last quarter. Signaturefd LLC acquired a new position in Amer Sports in the third quarter valued at $49,000. Finally, China Universal Asset Management Co. Ltd. boosted its position in Amer Sports by 47.2% during the third quarter. China Universal Asset Management Co. Ltd. now owns 116,970 shares of the company’s stock valued at $1,866,000 after acquiring an additional 37,500 shares during the last quarter. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AS shares. The Goldman Sachs Group lifted their price objective on Amer Sports from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Hsbc Global Res lowered Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th. Evercore ISI raised their price objective on shares of Amer Sports from $26.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Morgan Stanley boosted their target price on shares of Amer Sports from $19.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Finally, TD Cowen raised their price target on shares of Amer Sports from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Five equities 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. According to data from MarketBeat, Amer Sports has a consensus rating of “Moderate Buy” and a consensus target price of $27.07.

Amer Sports Stock Down 5.1 %

AS stock opened at $30.90 on Friday. The stock’s 50 day moving average is $29.10 and its 200-day moving average is $20.69. Amer Sports, Inc. has a twelve month low of $10.11 and a twelve month high of $34.00. The firm has a market capitalization of $16.88 billion and a PE ratio of -220.69. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58.

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.