Quantbot Technologies LP Has $5.82 Million Holdings in Amer Sports, Inc. $AS

Key Points

• Quantbot Technologies LP significantly increased its position in Amer Sports, acquiring an additional 206,152 shares, bringing its total holdings to 217,882 shares valued at $5.82 million.
• Many other institutional investors also acquired stakes in Amer Sports, resulting in a total ownership of 40.25% of the company's stock by institutional investors.
• Analysts have mixed ratings on Amer Sports, with a consensus target price of $38.74; several firms have set price targets between $41 and $45, while Wall Street Zen downgraded the stock from "buy" to "hold."

Quantbot Technologies LP grew its stake in Amer Sports, Inc. (NYSE:AS - Free Report) by 1,757.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 217,882 shares of the company's stock after purchasing an additional 206,152 shares during the period. Quantbot Technologies LP's holdings in Amer Sports were worth $5,824,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Sterling Capital Management LLC grew its position in Amer Sports by 55.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock worth $97,000 after acquiring an additional 1,250 shares during the last quarter. Signaturefd LLC grew its position in Amer Sports by 19.1% during the 1st quarter. Signaturefd LLC now owns 4,925 shares of the company's stock worth $132,000 after acquiring an additional 789 shares during the last quarter. Keel Point LLC bought a new stake in Amer Sports during the 4th quarter worth approximately $234,000. Vontobel Holding Ltd. bought a new stake in Amer Sports during the 1st quarter worth approximately $245,000. Finally, Sandia Investment Management LP bought a new stake in Amer Sports during the 4th quarter worth approximately $280,000. 40.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. UBS Group increased their price target on Amer Sports from $50.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday. Bank of America increased their price target on Amer Sports from $42.00 to $45.00 and gave the stock a "buy" rating in a research report on Wednesday. KGI Securities set a $44.30 price objective on Amer Sports and gave the company an "outperform" rating in a research report on Wednesday, June 25th. Wall Street Zen lowered Amer Sports from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Robert W. Baird increased their price objective on Amer Sports from $44.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $40.29.

Amer Sports Trading Up 11.6%

Shares of NYSE:AS traded up $4.30 during midday trading on Friday, hitting $41.50. The company had a trading volume of 9,367,222 shares, compared to its average volume of 4,524,214. Amer Sports, Inc. has a 12 month low of $13.16 and a 12 month high of $41.56. The company has a current ratio of 1.60, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The stock has a market cap of $22.98 billion, a price-to-earnings ratio of 101.22, a PEG ratio of 1.39 and a beta of 3.31. The firm has a fifty day simple moving average of $37.95 and a 200 day simple moving average of $32.18.

Amer Sports (NYSE:AS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. Amer Sports had a return on equity of 6.87% and a net margin of 3.93%.The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the company earned $0.05 EPS. The firm's revenue was up 23.4% on a year-over-year basis. Amer Sports has set its FY 2025 guidance at 0.770-0.820 EPS. Q3 2025 guidance at 0.200-0.220 EPS. On average, analysts predict that Amer Sports, Inc. will post 0.46 EPS for the current year.

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.