American Outdoor Brands Co. (AOBC) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of American Outdoor Brands Co. (NASDAQ:AOBC) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 515,378 shares of the company’s stock after buying an additional 22,050 shares during the period. Geode Capital Management LLC owned 0.95% of American Outdoor Brands worth $6,617,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Hudson Bay Capital Management LP purchased a new position in shares of American Outdoor Brands during the fourth quarter valued at approximately $902,000. Virtu Financial LLC purchased a new position in shares of American Outdoor Brands during the fourth quarter valued at approximately $556,000. Royce & Associates LP increased its stake in shares of American Outdoor Brands by 26.1% during the fourth quarter. Royce & Associates LP now owns 429,588 shares of the company’s stock valued at $5,516,000 after buying an additional 88,923 shares during the period. BlackRock Inc. increased its stake in shares of American Outdoor Brands by 9.1% during the fourth quarter. BlackRock Inc. now owns 6,012,767 shares of the company’s stock valued at $77,204,000 after buying an additional 502,638 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of American Outdoor Brands by 6.5% during the fourth quarter. Bank of New York Mellon Corp now owns 314,854 shares of the company’s stock valued at $4,043,000 after buying an additional 19,219 shares during the period. 74.85% of the stock is currently owned by hedge funds and other institutional investors.

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AOBC has been the topic of several research analyst reports. Zacks Investment Research raised American Outdoor Brands from a “sell” rating to a “hold” rating in a research note on Monday, February 12th. ValuEngine raised American Outdoor Brands from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Craig Hallum raised American Outdoor Brands from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Friday, March 2nd. Wedbush reissued an “outperform” rating and set a $15.00 target price (down from $19.50) on shares of American Outdoor Brands in a research note on Tuesday, February 27th. Finally, Lake Street Capital raised American Outdoor Brands from a “hold” rating to a “buy” rating and boosted their target price for the company from $9.00 to $13.00 in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $18.23.

In related news, Director Robert L. Scott sold 10,000 shares of the company’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $10.36, for a total value of $103,600.00. Following the sale, the director now directly owns 72,862 shares of the company’s stock, valued at $754,850.32. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.31% of the stock is owned by corporate insiders.

Shares of AOBC stock opened at $10.89 on Monday. The firm has a market capitalization of $586.77, a P/E ratio of 4.22, a PEG ratio of 2.33 and a beta of -0.04. American Outdoor Brands Co. has a twelve month low of $8.32 and a twelve month high of $24.49. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.38 and a current ratio of 3.13.

American Outdoor Brands (NASDAQ:AOBC) last issued its quarterly earnings results on Thursday, March 1st. The company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.01. The company had revenue of $157.38 million for the quarter, compared to analysts’ expectations of $173.83 million. American Outdoor Brands had a return on equity of 11.05% and a net margin of 6.05%. equities analysts anticipate that American Outdoor Brands Co. will post 0.31 earnings per share for the current fiscal year.

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American Outdoor Brands Company Profile

American Outdoor Brands Corp. manufactures firearms. Its products include handguns, long guns, handcuffs and firearm-related products and accessories for sale to a wide variety of customers, including gun enthusiasts, collectors, hunters, sportsmen, competitive shooters, individuals desiring home and personal protection, law enforcement and security agencies and officers and military agencies in the United States and throughout the world.

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Institutional Ownership by Quarter for American Outdoor Brands (NASDAQ:AOBC)

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