Squarepoint Ops LLC Purchases 1,952,706 Shares of Amer Sports, Inc. $AS

Squarepoint Ops LLC boosted its position in shares of Amer Sports, Inc. (NYSE:AS) by 5,847.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,986,102 shares of the company’s stock after buying an additional 1,952,706 shares during the quarter. Squarepoint Ops LLC’s holdings in Amer Sports were worth $74,181,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aspex Management HK Ltd raised its holdings in Amer Sports by 27.9% during the 4th quarter. Aspex Management HK Ltd now owns 7,593,627 shares of the company’s stock worth $283,622,000 after purchasing an additional 1,658,536 shares during the last quarter. Viking Global Investors LP raised its holdings 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 worth $220,436,000 after purchasing an additional 2,462,832 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Amer Sports by 57.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,991,563 shares of the company’s stock worth $138,707,000 after purchasing an additional 1,457,951 shares during the last quarter. Morgan Stanley raised its holdings in Amer Sports by 16.0% during 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. Finally, Candlestick Capital Management LP raised its holdings in Amer Sports by 24.5% during the 3rd quarter. Candlestick Capital Management LP now owns 3,568,381 shares of the company’s stock worth $124,001,000 after purchasing an additional 702,091 shares during the last quarter. 40.25% of the stock is owned by institutional investors.

Amer Sports Stock Performance

Shares of AS stock opened at $35.90 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 0.82. The stock has a market cap of $19.88 billion, a PE ratio of 44.88, a price-to-earnings-growth ratio of 1.23 and a beta of 2.05. The stock has a 50-day moving average of $35.11 and a 200-day moving average of $36.24. Amer Sports, Inc. has a one year low of $28.92 and a one year high of $42.76.

Amer Sports (NYSE:AS) last announced its quarterly earnings results on Tuesday, May 19th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.Amer Sports’s revenue was up 32.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 EPS. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. As a group, sell-side analysts expect that Amer Sports, Inc. will post 1.22 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Andrew E. Page sold 105,230 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $36.75, for a total value of $3,867,202.50. Following the completion of the transaction, the chief financial officer directly owned 4,083 shares in the company, valued at approximately $150,050.25. The trade was a 96.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Wen-Chang (Victor) Chen sold 13,075 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $35.62, for a total value of $465,731.50. Following the completion of the transaction, the insider owned 149,821 shares of the company’s stock, valued at $5,336,624.02. This represents a 8.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 860,705 shares of company stock valued at $30,156,939.

Wall Street Analyst Weigh In

AS has been the subject of several recent research reports. Weiss Ratings raised Amer Sports from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on Amer Sports in a report on Wednesday, May 20th. Piper Sandler reissued an “overweight” rating on shares of Amer Sports in a report on Friday, February 20th. UBS Group upped their price target on Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Finally, Truist Financial upped their price target on Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $48.19.

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).