Rock Creek Group LP Cuts Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Rock Creek Group LP cut its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) by 80.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the company’s stock after selling 40,000 shares during the quarter. Rock Creek Group LP’s holdings in Academy Sports and Outdoors were worth $422,000 at the end of the most recent quarter.

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Several other hedge funds have also recently bought and sold shares of ASO. CWM LLC boosted its stake in shares of Academy Sports and Outdoors by 135.1% during the 3rd quarter. CWM LLC now owns 757 shares of the company’s stock valued at $32,000 after buying an additional 435 shares during the last quarter. Ronald Blue Trust Inc. bought a new stake in shares of Academy Sports and Outdoors in the 3rd quarter valued at approximately $29,000. Captrust Financial Advisors increased its holdings in shares of Academy Sports and Outdoors by 55.0% in the 1st quarter. Captrust Financial Advisors now owns 1,006 shares of the company’s stock valued at $40,000 after acquiring an additional 357 shares during the last quarter. Wipfli Financial Advisors LLC acquired a new stake in shares of Academy Sports and Outdoors during the 3rd quarter valued at approximately $43,000. Finally, HWG Holdings LP bought a new position in Academy Sports and Outdoors during the third quarter worth $65,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analysts Set New Price Targets

ASO has been the topic of a number of recent research reports. UBS Group raised their price target on shares of Academy Sports and Outdoors from $60.00 to $76.00 and gave the stock a “buy” rating in a research

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Rock Climbing Equipment Market to register a growth of USD 582.89 million at a CAGR of 5.63%| Amer Sports Corp. and CAMP USA Inc. are the Key Vendors| Technavio

Key vendors insights

The rock climbing equipment market is fragmented, and the vendors are deploying various organic and inorganic strategies to compete in the market. The rock climbing equipment market is dominated by a few well-established players, such as Amer Sports Corp., and CAMP USA Inc. Therefore, to survive and succeed in a stiff competitive environment, it becomes imperative for vendors in the market to differentiate their product and service offerings through a clear and unique value proposition.

Some of the key market vendors are:

  • Amer Sports Corp.
  • Black Diamond Equipment Ltd.
  • CAMP USA Inc.
  • DMM International
  • Gipfel Climbing Equipment
  • Great Trango Holdings Inc.
  • Mammut Sports Group AG
  • Metolius Climbing
  • Outdoorplay Inc
  • PETZL Distribution

Product News and Vendor insights

  • Amer Sports Corp. – The company offers advanced sports equipment, footwear, apparel and accessories which improve performances and increase the enjoyment of sports and outdoor activities.
  • CAMP USA Inc. – The company manufactures equipment for sport climbing, trad climbing, ice climbing, mountaineering, and alpinism.

For more detailed highlights on products offerings and the growth strategies adopted by the vendors, Download free sample report

Parent Market Outlook

The rock climbing equipment market will be driven by factors such as awareness about the health benefits of rock climbing. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the rock climbing equipment market during the forecast period.

Rock Climbing Equipment market trend

  • Easy internet access and online reviews

The arrival of online reviews and easy internet access is one of the key trends driving the rock climbing equipment market share growth. The demand for adventure tourism has been increased significantly due to the development of online retailing, web portals, and internet affordability. Moreover, the users are able

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