Royce & Associates LP raised its position in American Outdoor Brands, Inc. (NASDAQ:AOUT - Free Report) by 39.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 567,752 shares of the company's stock after buying an additional 161,751 shares during the period. Royce & Associates LP owned about 4.45% of American Outdoor Brands worth $8,653,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of AOUT. JPMorgan Chase & Co. grew its position 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 acquiring an additional 777 shares during the period. Barclays PLC purchased a new position in American Outdoor Brands during the third quarter worth approximately $37,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in American Outdoor Brands in the third quarter valued at approximately $114,000. Empowered Funds LLC increased 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 buying an additional 979 shares in the last quarter. Finally, 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 worth $380,000 after buying an additional 10,065 shares during the period. Institutional investors and hedge funds own 49.87% of the company's stock.
American Outdoor Brands Trading Down 3.0 %
AOUT traded down $0.41 on Friday, hitting $13.14. The company had a trading volume of 48,973 shares, compared to its average volume of 45,361. The firm has a market cap of $167.34 million, a P/E ratio of -22.27 and a beta of 0.29. The company's fifty day moving average price is $15.74 and its 200 day moving average price is $12.52. American Outdoor Brands, Inc. has a 1 year low of $7.45 and a 1 year high of $17.91.
Analyst Ratings Changes
Separately, Lake Street Capital raised their price target on shares of American Outdoor Brands from $14.00 to $20.00 and gave the stock a "buy" rating in a report on Monday, January 27th.
Read Our Latest Report on American Outdoor Brands
American Outdoor Brands Company Profile
(
Free Report)
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.
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