Connor Clark & Lunn Investment Management Ltd. Purchases 33,747 Shares of American Outdoor Brands, Inc. (NASDAQ:AOUT)

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of American Outdoor Brands, Inc. (NASDAQ:AOUT - Free Report) by 272.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,137 shares of the company's stock after purchasing an additional 33,747 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.36% of American Outdoor Brands worth $703,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of American Outdoor Brands by 33.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company's stock valued at $29,000 after buying an additional 777 shares in the last quarter. Barclays PLC purchased a new stake in shares of American Outdoor Brands during the third quarter worth $37,000. Empowered Funds LLC grew its position in shares of American Outdoor Brands by 4.4% in the fourth quarter. Empowered Funds LLC now owns 23,427 shares of the company's stock valued at $357,000 after purchasing an additional 979 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of American Outdoor Brands by 35.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 38,817 shares of the company's stock valued at $380,000 after purchasing an additional 10,065 shares during the period. Finally, State Street Corp lifted its holdings in American Outdoor Brands by 3.9% during the 3rd quarter. State Street Corp now owns 45,786 shares of the company's stock worth $422,000 after purchasing an additional 1,700 shares in the last quarter. Hedge funds and other institutional investors own 49.87% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, Lake Street Capital boosted their price objective on shares of American Outdoor Brands from $14.00 to $20.00 and gave the company a "buy" rating in a research note on Monday, January 27th.

American Outdoor Brands Price Performance

Shares of NASDAQ:AOUT traded down $0.08 on Wednesday, hitting $12.61. The company's stock had a trading volume of 29,489 shares, compared to its average volume of 45,419. American Outdoor Brands, Inc. has a 1 year low of $7.45 and a 1 year high of $17.91. The company has a market capitalization of $160.59 million, a PE ratio of -21.37 and a beta of 0.29. The company has a 50-day simple moving average of $15.65 and a 200 day simple moving average of $12.62.

American Outdoor Brands Company 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.