Tudor Investment Corp Et Al Makes New $154,000 Investment in AMMO, Inc. (NASDAQ:POWW)

Tudor Investment Corp Et Al acquired a new stake in AMMO, Inc. (NASDAQ:POWW – Get Rating) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 52,504 shares of the company’s stock, valued at approximately $154,000.

Other large investors have also made changes to their positions in the company. Atom Investors LP purchased a new stake in shares of AMMO in the 3rd quarter valued at $32,000. Quantbot Technologies LP acquired a new position in shares of AMMO in the 2nd quarter valued at $45,000. Virtu Financial LLC acquired a new position in shares of AMMO in the 1st quarter valued at $65,000. Ergoteles LLC acquired a new position in shares of AMMO in the 1st quarter valued at $79,000. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of AMMO in the 1st quarter valued at $85,000. 32.07% of the stock is owned by hedge funds and other institutional investors.

AMMO Trading Down 2.0 %

Shares of POWW opened at $1.94 on Friday. The company has a current ratio of 4.57, a quick ratio of 2.19 and a debt-to-equity ratio of 0.03. AMMO, Inc. has a 12-month low of $1.56 and a 12-month high of $6.06. The firm has a 50-day moving average price of $2.13 and a 200 day moving average price of $2.59. The firm has a market capitalization of $228.61 million, a P/E ratio of -64.67 and a beta of 0.48.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on POWW shares. Lake Street Capital decreased their target price on shares of AMMO from $5.00 to $3.00 in a research note on Thursday, February 16th. EF Hutton Acquisition Co. I reduced their price objective on shares of AMMO from $6.00 to $3.00 and set a “buy” rating for the company in a research report on Thursday, February 16th. TheStreet cut shares of AMMO from a “c-” rating to a “d+” rating in a research report on Thursday, December 1st. Finally, Roth Capital cut shares of AMMO from a “buy” rating to a “neutral” rating and reduced their target price for the company from $6.00 to $3.00 in a research report on Tuesday, November 15th.

AMMO Profile

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AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms.