XTX Topco Ltd Takes $609,000 Position in Amer Sports, Inc. (NYSE:AS)

XTX Topco Ltd acquired a new position in Amer Sports, Inc. (NYSE:AS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,192 shares of the company’s stock, valued at approximately $609,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new stake in Amer Sports in the second quarter worth approximately $3,164,000. Summit Securities Group LLC acquired a new stake in shares of Amer Sports in the second quarter valued at $297,000. Sabal Trust CO bought a new position in Amer Sports during the second quarter valued at about $881,000. Rhumbline Advisers acquired a new position in Amer Sports during the second quarter worth about $1,142,000. Finally, Amalgamated Bank bought a new stake in Amer Sports in the second quarter worth about $83,000. Institutional investors own 40.25% of the company’s stock.

Amer Sports Stock Up 4.3 %

Shares of Amer Sports stock opened at $26.88 on Friday. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. Amer Sports, Inc. has a 1 year low of $10.11 and a 1 year high of $27.65. The stock has a 50-day moving average price of $20.97 and a 200 day moving average price of $16.02. The company has a market cap of $14.69 billion and a P/E ratio of -192.00.

Analyst Ratings Changes

Several research firms have recently weighed in on AS. Robert W. Baird raised 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. Morgan Stanley increased their target price on shares of Amer Sports from $15.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Nomura Securities upgraded shares of Amer Sports to a “strong-buy” rating in a research report on Tuesday, September 24th. Wells Fargo & Company increased their price objective on Amer Sports from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. raised their price objective on Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.07.

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.