Point72 Asset Management, L.P. Adds $287M in Amer Sports, Inc. ($AS)
Key Points
- Point72 Asset Management, L.P. changed its Amer Sports, Inc. ($AS) stake by 441.8% last quarter, boosting to 9,913,351 shares worth $351.53 million.
- $AS last traded around $35.46.
Point72 Asset Management, L.P. increased its position in Amer Sports, Inc. ($AS) by 441.8% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,913,351 shares of Amer Sports, Inc. after buying 8,083,674 shares during the quarter. Point72 Asset Management, L.P.'s holdings in Amer Sports, Inc. were worth $351.53 million as of its most recent filing.
Amer Sports, Inc. ($AS) Stock
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About Amer Sports, Inc.
Amer Sports, Inc. designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, Mainland China, Hong Kong, Macau, Taiwan, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports. The Technical Apparel segment offers outdoor apparel, footwear, and accessories, which include climbing gear. The Outdoor Performance segment provides hiking and running footwear, functional apparel, skiing and snowboarding gear, and lifestyle footwear products. The Ball & Racquet Sports segment offers sports equipment for tennis, baseball, American football, basketball, golf, and various other professional and recreational sports, as well as functional athletic apparel. This segment provides custom-fitting protective gear and apparel for baseball, softball, football, and lacrosse. The company sells its products under the Arc'teryx, PeakPerformance, Salomon, Atomic, Armada, Wilson, Louisville Slugger, DeMarini, EvoShield, and Atec brands. It distributes its products through retail stores, general sporting goods retailers, specialty stores, independently operated partner stores, and distributors, as well as retailer-owned and third-party e-commerce websites. The company was formerly known as Amer Sports Management Holding (Cayman) Limited and changed its name to Amer Sports, Inc. in August 2023. Amer Sports, Inc. was founded in 1950 and is based in Helsinki, Finland.
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