Cubist Systematic Strategies LLC Has $26,000 Stock Position in AMMO, Inc. (NASDAQ:POWW)

Cubist Systematic Strategies LLC trimmed its position in AMMO, Inc. (NASDAQ:POWWFree Report) by 47.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,313 shares of the company’s stock after selling 13,856 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in AMMO were worth $26,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Pathway Financial Advisers LLC bought a new position in AMMO during the first quarter worth $29,000. Koss Olinger Consulting LLC bought a new position in AMMO during the second quarter worth $47,000. Quadrature Capital Ltd bought a new position in AMMO during the first quarter worth $54,000. Price T Rowe Associates Inc. MD increased its position in AMMO by 24.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 26,303 shares of the company’s stock worth $73,000 after acquiring an additional 5,171 shares during the period. Finally, American Century Companies Inc. increased its position in AMMO by 33.9% during the second quarter. American Century Companies Inc. now owns 157,016 shares of the company’s stock worth $264,000 after acquiring an additional 39,736 shares during the period. 26.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm dropped their target price on shares of AMMO from $1.60 to $1.50 and set a “neutral” rating on the stock in a research report on Friday, September 27th.

Check Out Our Latest Report on AMMO

AMMO Trading Up 0.8 %

Shares of POWW stock opened at $1.27 on Thursday. The firm has a market capitalization of $151.36 million, a P/E ratio of -7.94 and a beta of 0.23. The company has a current ratio of 3.17, a quick ratio of 1.87 and a debt-to-equity ratio of 0.03. The firm’s fifty day simple moving average is $1.45 and its 200 day simple moving average is $1.93. AMMO, Inc. has a 1 year low of $1.24 and a 1 year high of $3.15.

AMMO (NASDAQ:POWWGet Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $30.95 million during the quarter, compared to the consensus estimate of $31.20 million. AMMO had a negative net margin of 15.19% and a positive return on equity of 2.35%. As a group, sell-side analysts predict that AMMO, Inc. will post 0.09 EPS for the current year.

AMMO Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for AMMO (NASDAQ:POWW)

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