American Outdoor Brands, Inc. (NASDAQ:AOUT) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its stake in American Outdoor Brands, Inc. (NASDAQ:AOUT) by 35.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,817 shares of the company’s stock after acquiring an additional 10,065 shares during the period. Sanctuary Advisors LLC owned approximately 0.30% of American Outdoor Brands worth $380,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AOUT. Renaissance Technologies LLC boosted its position in shares of American Outdoor Brands by 0.6% in the second quarter. Renaissance Technologies LLC now owns 271,068 shares of the company’s stock worth $2,440,000 after acquiring an additional 1,600 shares during the last quarter. Brandes Investment Partners LP raised its holdings in American Outdoor Brands by 70.8% in the second quarter. Brandes Investment Partners LP now owns 697,603 shares of the company’s stock valued at $6,178,000 after buying an additional 289,229 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in American Outdoor Brands in the third quarter valued at approximately $114,000. State Street Corp raised its holdings in American Outdoor Brands by 3.9% in the third quarter. State Street Corp now owns 45,786 shares of the company’s stock valued at $422,000 after buying an additional 1,700 shares during the period. Finally, Barclays PLC purchased a new position in American Outdoor Brands in the third quarter valued at approximately $37,000. 49.87% of the stock is owned by institutional investors and hedge funds.

American Outdoor Brands Stock Down 3.0 %

AOUT opened at $14.94 on Friday. The firm’s 50 day moving average is $11.13 and its 200-day moving average is $9.65. The firm has a market capitalization of $190.69 million, a P/E ratio of -25.32 and a beta of 0.44. American Outdoor Brands, Inc. has a 52-week low of $7.45 and a 52-week high of $15.99.

Analyst Ratings Changes

Several research analysts recently commented on AOUT shares. Roth Mkm raised their price target on shares of American Outdoor Brands from $10.50 to $11.00 and gave the company a “buy” rating in a report on Monday, September 16th. Lake Street Capital lifted their price objective on shares of American Outdoor Brands from $11.50 to $14.00 and gave the company a “buy” rating in a research note on Friday, December 6th.

American Outdoor Brands Profile

American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. It offers hunting, fishing, camping, shooting, and personal security and defense products. The company also provides shooting sports accessories products include rests, vaults, and other related accessories; outdoor lifestyle products, such as premium sportsmen knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products.