115,957 Shares in American Outdoor Brands, Inc. $AOUT Purchased by Teton Advisors LLC

Teton Advisors LLC purchased a new stake in American Outdoor Brands, Inc. (NASDAQ:AOUT) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 115,957 shares of the company’s stock, valued at approximately $1,007,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. purchased a new position in shares of American Outdoor Brands in the 1st quarter valued at approximately $163,000. Goldman Sachs Group Inc. raised its stake in shares of American Outdoor Brands by 58.7% during the first quarter. Goldman Sachs Group Inc. now owns 60,110 shares of the company’s stock worth $731,000 after purchasing an additional 22,232 shares during the last quarter. Empowered Funds LLC raised its stake in shares of American Outdoor Brands by 8.4% during the first quarter. Empowered Funds LLC now owns 25,399 shares of the company’s stock worth $309,000 after purchasing an additional 1,972 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of American Outdoor Brands by 76.5% during the first quarter. Jane Street Group LLC now owns 53,240 shares of the company’s stock worth $647,000 after purchasing an additional 23,070 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of American Outdoor Brands by 15.2% during the second quarter. Envestnet Asset Management Inc. now owns 25,835 shares of the company’s stock worth $270,000 after purchasing an additional 3,401 shares during the period. 49.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on AOUT shares. Lake Street Capital dropped their price objective on shares of American Outdoor Brands from $19.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Wall Street Zen upgraded shares of American Outdoor Brands from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Roth Mkm lowered their target price on shares of American Outdoor Brands from $11.50 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, December 17th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of American Outdoor Brands in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $12.50.

American Outdoor Brands Price Performance

American Outdoor Brands stock opened at $8.85 on Friday. American Outdoor Brands, Inc. has a 1-year low of $6.26 and a 1-year high of $15.67. The company has a market cap of $111.42 million, a PE ratio of -19.67 and a beta of 0.40. The stock’s 50 day moving average price is $8.87 and its 200 day moving average price is $8.32.

American Outdoor Brands Company 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.