Artemis Investment Management LLP Has $694,000 Stock Holdings in Amer Sports, Inc. (NYSE:AS)

Artemis Investment Management LLP grew its holdings in Amer Sports, Inc. (NYSE:AS) by 35.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,817 shares of the company’s stock after acquiring an additional 6,444 shares during the quarter. Artemis Investment Management LLP’s holdings in Amer Sports were worth $694,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new position in shares of Amer Sports in the 3rd quarter valued at approximately $25,000. Kieckhefer Group LLC bought a new position in shares of Amer Sports during the fourth quarter worth about $42,000. Signaturefd LLC acquired a new position in shares of Amer Sports in the 3rd quarter worth approximately $49,000. GAMMA Investing LLC boosted its position in Amer Sports by 61.8% during the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock valued at $54,000 after acquiring an additional 742 shares during the last quarter. Finally, Quarry LP bought a new stake in Amer Sports in the third quarter worth approximately $61,000. Institutional investors own 40.25% of the company’s stock.

Amer Sports Price Performance

AS opened at $29.80 on Monday. The firm has a market cap of $16.28 billion and a P/E ratio of -212.86. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. Amer Sports, Inc. has a fifty-two week low of $10.11 and a fifty-two week high of $31.32. The firm has a 50-day moving average of $26.43 and a 200 day moving average of $18.71.

Analysts Set New Price Targets

AS has been the subject of several research reports. Morgan Stanley raised their target price on Amer Sports from $15.00 to $19.00 and gave the company an “equal weight” 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 stock an “outperform” rating in a research report on Thursday, December 12th. UBS Group lifted their price target on shares of Amer Sports from $27.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. The Goldman Sachs Group upped their price objective on shares of Amer Sports from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Amer Sports from $19.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amer Sports currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.50.

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.