Squarepoint Ops LLC Has $12.58 Million Stock Position in Amer Sports, Inc. (NYSE:AS)

Squarepoint Ops LLC lifted its stake in 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 (SEC). The firm owned 450,000 shares of the company's stock after buying an additional 99,315 shares during the period. Squarepoint Ops LLC owned approximately 0.08% of Amer Sports worth $12,582,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AS. JPMorgan Chase & Co. acquired a new position in Amer Sports in the 3rd quarter worth $25,000. Sterling Capital Management LLC increased its position in shares of Amer Sports by 55.9% during the fourth 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. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Amer Sports in the fourth quarter worth about $104,000. Signaturefd LLC boosted its holdings in Amer Sports by 35.0% in the fourth 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 last quarter. Finally, Mainstream Capital Management LLC acquired a new stake in Amer Sports during the 4th quarter valued at approximately $190,000. Institutional investors and hedge funds own 40.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wells Fargo & Company set a $35.00 target price on Amer Sports and gave the company an "equal weight" rating in a research note on Wednesday, May 21st. Citigroup reissued a "buy" rating and set a $42.00 price objective (up from $30.00) on shares of Amer Sports in a report on Wednesday, May 21st. Morgan Stanley boosted their target price on shares of Amer Sports from $28.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 21st. Sanford C. Bernstein initiated coverage on Amer Sports in a research report on Thursday, February 13th. They issued an "outperform" rating and a $38.00 target price for the company. Finally, Wall Street Zen upgraded shares of Amer Sports from a "hold" rating to a "buy" rating in a research note on Saturday. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Amer Sports currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.67.

Amer Sports Price Performance

NYSE AS traded up $1.24 on Tuesday, reaching $38.28. 1,962,729 shares of the stock traded hands, compared to its average volume of 2,787,684. Amer Sports, Inc. has a 12 month low of $10.11 and a 12 month high of $38.50. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. The company has a market cap of $21.20 billion, a price-to-earnings ratio of -273.48, a P/E/G ratio of 0.72 and a beta of 2.76. The firm's fifty day simple moving average is $26.78 and its 200 day simple moving average is $27.58.

Amer Sports (NYSE:AS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.12. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter last year, the business posted $0.08 EPS. Amer Sports's revenue was up 24.5% on a year-over-year basis. As a group, research analysts predict 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.