Polar Asset Management Partners Inc. Lowers Stock Position in American Outdoor Brands, Inc. (NASDAQ:AOUT)

Polar Asset Management Partners Inc. reduced its stake in American Outdoor Brands, Inc. (NASDAQ:AOUT - Free Report) by 31.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 429,315 shares of the company's stock after selling 195,653 shares during the quarter. Polar Asset Management Partners Inc. owned about 3.35% of American Outdoor Brands worth $3,958,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in American Outdoor Brands in the 3rd quarter valued at about $114,000. Sanctuary Advisors LLC purchased a new stake in shares of American Outdoor Brands during the second quarter worth about $259,000. Brandes Investment Partners LP raised its position in shares of American Outdoor Brands by 70.8% in the second quarter. Brandes Investment Partners LP now owns 697,603 shares of the company's stock valued at $6,178,000 after buying an additional 289,229 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of American Outdoor Brands by 0.6% during the second quarter. Renaissance Technologies LLC now owns 271,068 shares of the company's stock valued at $2,440,000 after buying an additional 1,600 shares during the period. Institutional investors and hedge funds own 49.87% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Roth Mkm lifted their target price on shares of American Outdoor Brands from $10.50 to $11.00 and gave the stock a "buy" rating in a research note on Monday, September 16th.

American Outdoor Brands Stock Performance

American Outdoor Brands stock traded up $0.90 during trading on Thursday, hitting $10.90. The company's stock had a trading volume of 230,157 shares, compared to its average volume of 32,583. The stock's fifty day moving average is $9.31 and its 200 day moving average is $8.91. American Outdoor Brands, Inc. has a 1-year low of $7.19 and a 1-year high of $11.15. The stock has a market capitalization of $139.85 million, a price-to-earnings ratio of -13.29 and a beta of 0.44.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) last posted its quarterly earnings results on Thursday, September 5th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.08. The company had revenue of $41.64 million during the quarter, compared to analysts' expectations of $40.50 million. American Outdoor Brands had a positive return on equity of 0.81% and a negative net margin of 5.27%. On average, research analysts anticipate that American Outdoor Brands, Inc. will post 0.28 EPS for the current fiscal year.

American Outdoor Brands Profile

American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. It offers hunting, fishing, camping, shooting, and personal security and defense products. The company also provides shooting sports accessories products include rests, vaults, and other related accessories; outdoor lifestyle products, such as premium sportsmen knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products.