Renaissance Technologies LLC Has $5.06 Million Stake in American Outdoor Brands, Inc. (NASDAQ:AOUT)

Renaissance Technologies LLC raised its position in American Outdoor Brands, Inc. (NASDAQ:AOUT - Free Report) by 22.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 331,768 shares of the company's stock after purchasing an additional 60,600 shares during the quarter. Renaissance Technologies LLC owned 2.60% of American Outdoor Brands worth $5,056,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Diversified Investment Strategies LLC raised its holdings in American Outdoor Brands by 22.4% in the 4th quarter. Diversified Investment Strategies LLC now owns 117,500 shares of the company's stock valued at $1,791,000 after buying an additional 21,500 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of American Outdoor Brands by 79.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 134,396 shares of the company's stock valued at $2,048,000 after acquiring an additional 59,356 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of American Outdoor Brands by 39.8% during the fourth quarter. Royce & Associates LP now owns 567,752 shares of the company's stock worth $8,653,000 after purchasing an additional 161,751 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of American Outdoor Brands by 272.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,137 shares of the company's stock worth $703,000 after purchasing an additional 33,747 shares during the period. Finally, Truffle Hound Capital LLC bought a new stake in shares of American Outdoor Brands in the fourth quarter worth $579,000. 49.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Lake Street Capital upped their price target on American Outdoor Brands from $14.00 to $20.00 and gave the company a "buy" rating in a research report on Monday, January 27th.

American Outdoor Brands Price Performance

Shares of AOUT traded down $0.62 during trading hours on Thursday, hitting $11.13. 37,317 shares of the stock were exchanged, compared to its average volume of 67,909. The firm has a market capitalization of $141.74 million, a P/E ratio of -18.86 and a beta of 0.42. American Outdoor Brands, Inc. has a fifty-two week low of $7.45 and a fifty-two week high of $17.91. The business has a 50-day moving average of $13.08 and a 200-day moving average of $12.93.

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.