Amer Sports, Inc. (NYSE:AS) Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC increased its position in shares of Amer Sports, Inc. (NYSE:AS) by 28.3% during the fourth quarter, Holdings Channel reports. The fund owned 450,000 shares of the company’s stock after acquiring an additional 99,315 shares during the quarter. Squarepoint Ops LLC’s holdings in Amer Sports were worth $12,582,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in Amer Sports in the 3rd quarter valued at about $25,000. Sterling Capital Management LLC grew its holdings in Amer Sports by 55.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,487 shares of the company’s stock valued at $97,000 after purchasing an additional 1,250 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in Amer Sports during the fourth quarter worth approximately $104,000. Signaturefd LLC increased its position in Amer Sports by 35.0% during the fourth quarter. Signaturefd LLC now owns 4,136 shares of the company’s stock worth $116,000 after purchasing an additional 1,073 shares during the last quarter. Finally, Mainstream Capital Management LLC purchased a new position in Amer Sports during the fourth quarter worth approximately $190,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

Amer Sports Stock Performance

Amer Sports stock opened at $37.51 on Friday. The firm has a market capitalization of $20.77 billion, a PE ratio of -267.91, a price-to-earnings-growth ratio of 0.72 and a beta of 2.76. Amer Sports, Inc. has a one year low of $10.11 and a one year high of $38.42. The stock’s 50 day moving average price is $26.44 and its 200 day moving average price is $27.21. 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 (NYSE:AS) last posted its earnings results on Tuesday, May 20th. The company reported $0.27 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 analysts’ expectations of $1.38 billion. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The business’s revenue for the quarter was up 24.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 earnings per share. As a group, sell-side analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. TD Securities boosted their price objective on shares of Amer Sports from $30.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday. Sanford C. Bernstein assumed coverage on Amer Sports in a research note on Thursday, February 13th. They set an “outperform” rating and a $38.00 price target for the company. Wells Fargo & Company raised their price objective on Amer Sports from $25.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday. Morgan Stanley boosted their target price on Amer Sports from $28.00 to $33.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, The Goldman Sachs Group raised their price target on shares of Amer Sports from $28.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amer Sports currently has an average rating of “Moderate Buy” and a consensus target price of $36.67.

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.