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

Other institutional investors also recently modified their holdings of the company. Candlestick Capital Management LP raised its stake in Amer Sports by 1.7% during the fourth quarter. Candlestick Capital Management LP now owns 3,864,510 shares of the company's stock worth $108,052,000 after buying an additional 63,078 shares during the last quarter. Junto Capital Management LP acquired a new stake in Amer Sports during the 4th quarter worth about $66,793,000. Trivest Advisors Ltd grew its holdings in Amer Sports by 47.9% during the 1st quarter. Trivest Advisors Ltd now owns 2,110,945 shares of the company's stock worth $56,426,000 after acquiring an additional 683,445 shares during the period. Oxbow Capital Management HK Ltd bought a new position in shares of Amer Sports in the 4th quarter worth about $41,940,000. Finally, SG Americas Securities LLC lifted its stake in shares of Amer Sports by 14,640.1% in the 1st quarter. SG Americas Securities LLC now owns 1,418,001 shares of the company's stock valued at $37,903,000 after purchasing an additional 1,408,381 shares during the period. 40.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AS has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price on Amer Sports from $44.00 to $45.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Wall Street Zen cut Amer Sports from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. KGI Securities set a $44.30 price objective on shares of Amer Sports and gave the stock an "outperform" rating in a research report on Wednesday, June 25th. JPMorgan Chase & Co. lifted their price objective on shares of Amer Sports from $45.00 to $46.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Finally, Citigroup reiterated a "buy" rating and set a $42.00 target price (up previously from $30.00) on shares of Amer Sports in a research report on Wednesday, May 21st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $40.29.

Amer Sports Stock Up 0.2%

Shares of NYSE:AS traded up $0.0850 during midday trading on Thursday, hitting $37.2550. 4,140,636 shares of the company's stock were exchanged, compared to its average volume of 4,101,575. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.60 and a quick ratio of 0.80. Amer Sports, Inc. has a 12 month low of $13.16 and a 12 month high of $40.21. The company has a market cap of $20.63 billion, a PE ratio of 90.87, a price-to-earnings-growth ratio of 1.43 and a beta of 3.31. The stock has a 50 day moving average price of $37.84 and a 200-day moving average price of $32.11.

Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. The business had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.18 billion. Amer Sports had a net margin of 3.93% and a return on equity of 6.87%. The firm's revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.05 EPS. 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, sell-side analysts anticipate that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Amer Sports Profile

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.