Fortress Investment Group LLC Makes New $9.63 Million Investment in Amer Sports, Inc. $AS

by · The Markets Daily

Fortress Investment Group LLC bought a new position in Amer Sports, Inc. (NYSE:AS – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 248,562 shares of the company’s stock, valued at approximately $9,634,000. Amer Sports makes up 1.4% of Fortress Investment Group LLC’s investment portfolio, making the stock its 16th largest position.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Amer Sports by 22.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,386 shares of the company’s stock valued at $331,000 after acquiring an additional 2,275 shares in the last quarter. Citigroup Inc. grew its position in Amer Sports by 1,402.2% during the 1st quarter. Citigroup Inc. now owns 441,628 shares of the company’s stock worth $11,805,000 after purchasing an additional 412,229 shares in the last quarter. Invesco Ltd. raised its stake in Amer Sports by 39.3% during the 1st quarter. Invesco Ltd. now owns 60,177 shares of the company’s stock valued at $1,609,000 after purchasing an additional 16,981 shares during the period. Nuveen LLC purchased a new stake in shares of Amer Sports in the first quarter valued at $9,169,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Amer Sports by 61.4% in the first quarter. Russell Investments Group Ltd. now owns 398,521 shares of the company’s stock valued at $10,652,000 after purchasing an additional 151,620 shares in the last quarter. 40.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on AS. Bank of America upped their price target on Amer Sports from $45.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, September 19th. UBS Group lifted their target price on Amer Sports from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, November 19th. Wall Street Zen downgraded Amer Sports from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Weiss Ratings restated a “hold (c)” rating on shares of Amer Sports in a report on Monday. Finally, Hsbc Global Res upgraded shares of Amer Sports from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $44.34.

Check Out Our Latest Stock Analysis on Amer Sports

Amer Sports Price Performance

Shares of AS opened at $38.34 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.70 and a current ratio of 1.51. The firm has a market cap of $21.23 billion, a PE ratio of 69.71, a PEG ratio of 1.07 and a beta of 2.85. Amer Sports, Inc. has a twelve month low of $20.21 and a twelve month high of $42.36. The firm’s 50 day moving average price is $33.40 and its 200 day moving average price is $36.10.

Amer Sports (NYSE:AS – Get Free Report) last released its quarterly earnings data on Tuesday, November 18th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.08. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.73 billion. Amer Sports had a net margin of 5.10% and a return on equity of 8.51%. Amer Sports’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 EPS. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. As a group, research analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Amer Sports Profile

(Free Report)

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.

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