Squarepoint Ops LLC Decreases Holdings in Amer Sports, Inc. (NYSE:AS)

Squarepoint Ops LLC lowered its position in Amer Sports, Inc. (NYSE:AS) by 3.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 352,016 shares of the company’s stock after selling 12,247 shares during the quarter. Squarepoint Ops LLC’s holdings in Amer Sports were worth $4,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Dnca Finance purchased a new position in shares of Amer Sports in the second quarter worth about $81,000. Amalgamated Bank bought a new position in Amer Sports during the 2nd quarter worth approximately $83,000. Summit Securities Group LLC bought a new position in Amer Sports during the 2nd quarter worth approximately $297,000. SYSTM Wealth Solutions LLC purchased a new position in Amer Sports in the 1st quarter worth approximately $319,000. Finally, Quadrature Capital Ltd bought a new stake in Amer Sports in the first quarter valued at approximately $390,000. 40.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AS has been the topic of several recent analyst reports. Nomura Securities upgraded shares of Amer Sports to a “strong-buy” rating in a report on Tuesday, September 24th. UBS Group raised their price target on shares of Amer Sports from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $21.00 price objective on shares of Amer Sports in a research note on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Amer Sports Trading Down 2.6 %

AS stock opened at $15.95 on Tuesday. Amer Sports, Inc. has a fifty-two week low of $10.11 and a fifty-two week high of $18.23. The business’s 50 day moving average price is $13.05 and its two-hundred day moving average price is $13.89. The company has a current ratio of 1.87, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58.

Amer Sports (NYSE:AS) last issued its quarterly earnings results on Tuesday, August 20th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.11. The company had revenue of $993.80 million for the quarter, compared to analysts’ expectations of $947.59 million. Amer Sports had a negative return on equity of 0.63% and a negative net margin of 2.79%. The firm’s revenue was up 16.0% on a year-over-year basis. Sell-side analysts forecast that Amer Sports, Inc. will post 0.43 EPS for the current 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.