Squarepoint Ops LLC Boosts Stock Position in Amer Sports, Inc. $AS

Key Points

• Squarepoint Ops LLC nearly doubled its Amer Sports position in the second quarter, increasing holdings by 89% to 1.11 million shares valued at approximately $37.4 million. Institutional and hedge-fund investors collectively own 40.25% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and average price target of $48.34, although Truist lowered its target to $42. JPMorgan raised its target to $64 and maintained an overweight rating.
• Amer Sports reported stronger-than-expected quarterly results, with EPS of $0.22 versus the $0.11 consensus and revenue of $1.63 billion, up 32.1% year over year. Shares opened at $28.66, near the company’s one-year low of $28.09.

Squarepoint Ops LLC raised its holdings in Amer Sports, Inc. (NYSE:AS - Free Report) by 89.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,106,439 shares of the company's stock after purchasing an additional 520,888 shares during the period. Squarepoint Ops LLC owned about 0.20% of Amer Sports worth $37,442,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AS. Aspex Management HK Ltd increased its stake in shares of Amer Sports by 27.9% in the fourth quarter. Aspex Management HK Ltd now owns 7,593,627 shares of the company's stock worth $283,622,000 after buying an additional 1,658,536 shares during the last quarter. Viking Global Investors LP boosted its stake in Amer Sports by 63.5% during the 3rd quarter. Viking Global Investors LP now owns 6,343,481 shares of the company's stock valued at $220,436,000 after acquiring an additional 2,462,832 shares during the last quarter. Artisan Partners Limited Partnership grew its holdings in Amer Sports by 1,306.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company's stock worth $194,759,000 after acquiring an additional 4,843,742 shares in the last quarter. Avala Global LP grew its holdings in Amer Sports by 38.8% during the 4th quarter. Avala Global LP now owns 4,637,149 shares of the company's stock worth $173,198,000 after acquiring an additional 1,297,200 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Amer Sports by 16.0% in the 4th quarter. Morgan Stanley now owns 3,707,204 shares of the company's stock worth $138,464,000 after purchasing an additional 510,419 shares during the last quarter. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Truist Financial cut their target price on shares of Amer Sports from $50.00 to $42.00 and set a "buy" rating on the stock in a research note on Wednesday, August 19th. Weiss Ratings lowered Amer Sports from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, August 19th. JPMorgan Chase & Co. upped their price objective on Amer Sports from $59.00 to $64.00 and gave the company an "overweight" rating in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Amer Sports in a report on Wednesday, August 19th. Finally, Robert W. Baird set a $51.00 target price on Amer Sports in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Amer Sports presently has a consensus rating of "Moderate Buy" and an average target price of $48.34.

Insider Buying and Selling

In other Amer Sports news, CFO Andrew Page sold 2,022 shares of Amer Sports stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $28.63, for a total value of $57,889.86. Following the completion of the transaction, the chief financial officer directly owned 6,575 shares in the company, valued at $188,242.25. The trade was a 23.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Amer Sports Trading Down 3.0%

Amer Sports stock opened at $28.66 on Wednesday. The firm's 50-day moving average is $33.62 and its 200-day moving average is $34.54. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.80 and a current ratio of 1.76. Amer Sports, Inc. has a 1 year low of $28.09 and a 1 year high of $42.76. The company has a market cap of $15.87 billion, a P/E ratio of 30.16, a PEG ratio of 0.95 and a beta of 1.99.

Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 18th. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.11. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. Amer Sports had a net margin of 7.35% and a return on equity of 11.18%. The company's revenue for the quarter was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 EPS. Amer Sports has set its FY 2026 guidance at 1.270-1.300 EPS and its Q3 2026 guidance at 0.310-0.330 EPS. On average, equities analysts expect that Amer Sports, Inc. will post 1.29 earnings per share for the current year.

About Amer Sports

Amer Sports NYSE: AS is a Helsinki-based sporting goods group that designs, develops and markets performance-oriented equipment, apparel and footwear across multiple sports. The company focuses on product innovation, brand-driven marketing and global distribution to serve athletes and outdoor enthusiasts, offering goods for activities such as skiing, running, hiking, tennis, golf and diving.

Amer Sports' portfolio comprises well-known sports and outdoor brands, including Salomon (outdoor footwear and winter sports), Atomic (alpine skis and ski equipment), Arc'teryx (technical outerwear and climbing gear), Wilson (racquet and ball sports equipment) and Suunto (precision instruments and sports watches).

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