Squarepoint Ops LLC Buys 99,315 Shares of Amer Sports, Inc. (NYSE:AS)

Squarepoint Ops LLC raised its position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 28.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 450,000 shares of the company's stock after buying an additional 99,315 shares during the quarter. Squarepoint Ops LLC owned about 0.08% of Amer Sports worth $12,582,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC grew its stake in shares of Amer Sports by 35.0% during the 4th quarter. Signaturefd LLC now owns 4,136 shares of the company's stock valued at $116,000 after purchasing an additional 1,073 shares during the period. Sterling Capital Management LLC grew its stake in shares of Amer Sports by 55.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock valued at $97,000 after acquiring an additional 1,250 shares during the period. JPMorgan Chase & Co. purchased a new stake in Amer Sports in the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Amer Sports during the 4th quarter worth approximately $104,000. Finally, Quantinno Capital Management LP raised its stake in Amer Sports by 37.5% during the 4th quarter. Quantinno Capital Management LP now owns 15,551 shares of the company's stock worth $435,000 after acquiring an additional 4,240 shares during the period. Hedge funds and other institutional investors own 40.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AS shares. TD Securities increased their price target on Amer Sports from $30.00 to $41.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Wall Street Zen upgraded Amer Sports from a "hold" rating to a "buy" rating in a research report on Saturday. UBS Group restated a "buy" rating and issued a $50.00 price target (up from $37.00) on shares of Amer Sports in a research note on Wednesday, May 21st. Sanford C. Bernstein initiated coverage on shares of Amer Sports in a report on Thursday, February 13th. They set an "outperform" rating and a $38.00 price objective for the company. Finally, Wells Fargo & Company set a $35.00 price objective on shares of Amer Sports and gave the company an "equal weight" rating in a research report on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Amer Sports presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.67.

Amer Sports Price Performance

NYSE:AS traded down $0.56 during trading hours on Wednesday, reaching $37.94. The stock had a trading volume of 823,543 shares, compared to its average volume of 2,784,774. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. Amer Sports, Inc. has a 52 week low of $10.11 and a 52 week high of $38.83. The company has a 50 day moving average price of $26.96 and a two-hundred day moving average price of $27.66. The stock has a market capitalization of $21.01 billion, a PE ratio of -270.66, a PEG ratio of 0.72 and a beta of 2.76.

Amer Sports (NYSE:AS - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.12. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.38 billion. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The company's revenue was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS. As a group, sell-side analysts anticipate that Amer Sports, Inc. will post 0.46 earnings per share for the current fiscal year.

Amer Sports Company 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.