Royce & Associates LP Boosts Stock Holdings in American Outdoor Brands, Inc. $AOUT

Royce & Associates LP lifted its holdings in American Outdoor Brands, Inc. (NASDAQ:AOUT) by 16.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 859,233 shares of the company’s stock after buying an additional 118,604 shares during the period. Royce & Associates LP owned approximately 0.07% of American Outdoor Brands worth $7,458,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AOUT. Brandes Investment Partners LP boosted its position in American Outdoor Brands by 6.5% in the second quarter. Brandes Investment Partners LP now owns 1,219,798 shares of the company’s stock worth $12,747,000 after purchasing an additional 74,107 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of American Outdoor Brands by 104.7% in the 2nd quarter. Geode Capital Management LLC now owns 293,683 shares of the company’s stock worth $3,070,000 after buying an additional 150,202 shares during the last quarter. Bridgeway Capital Management LLC grew its position in American Outdoor Brands by 1.8% during the second quarter. Bridgeway Capital Management LLC now owns 124,386 shares of the company’s stock valued at $1,300,000 after buying an additional 2,180 shares during the period. White Pine Capital LLC grew its position in American Outdoor Brands by 1.9% during the second quarter. White Pine Capital LLC now owns 69,475 shares of the company’s stock valued at $726,000 after buying an additional 1,322 shares during the period. Finally, Marshall Wace LLP increased its holdings in American Outdoor Brands by 40.7% during the second quarter. Marshall Wace LLP now owns 64,876 shares of the company’s stock worth $678,000 after buying an additional 18,774 shares during the last quarter. 49.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Lake Street Capital reduced their target price on shares of American Outdoor Brands from $19.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, December 10th. Wall Street Zen upgraded American Outdoor Brands from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Roth Mkm reduced their price objective on American Outdoor Brands from $11.50 to $11.00 and set a “buy” rating for the company in a report on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of American Outdoor Brands in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.50.

American Outdoor Brands Stock Down 1.9%

American Outdoor Brands stock opened at $8.83 on Wednesday. American Outdoor Brands, Inc. has a 52-week low of $6.26 and a 52-week high of $15.67. The company has a market cap of $111.17 million, a P/E ratio of -19.62 and a beta of 0.40. The business has a 50-day simple moving average of $8.82 and a two-hundred day simple moving average of $8.31.

American Outdoor Brands Profile

American Outdoor Brands, Inc designs, manufactures and distributes a broad range of outdoor sports and recreational products for consumers and commercial end users. Through its Shooting & Accessories and Functional Outdoor Approaches segments, the company offers shooting sports equipment, hunting and fishing accessories, archery gear, tactical and personal defense solutions, outdoor apparel, fitness products and knife and tool categories. Its portfolio encompasses well-known brands such as Wheeler®, Tipton®, Caldwell®, Hogue®, Manticore Arms® and other specialty labels.

Formed as a standalone public company in 2016 following a spin-off from Smith & Wesson, American Outdoor Brands has its headquarters in Columbia, Missouri, with manufacturing, distribution and sales operations across North America.