Geode Capital Management LLC Buys 20,902 Shares of AMMO, Inc. (NASDAQ:POWW)

Geode Capital Management LLC lifted its stake in AMMO, Inc. (NASDAQ:POWW) by 1.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,088,262 shares of the company’s stock after acquiring an additional 20,902 shares during the period. Geode Capital Management LLC owned 1.76% of AMMO worth $2,297,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in POWW. Tuttle Capital Management LLC bought a new position in shares of AMMO in the fourth quarter valued at approximately $33,000. Prudential Financial Inc. acquired a new position in AMMO in the 4th quarter valued at $41,000. Intech Investment Management LLC raised its holdings in AMMO by 175.6% in the 4th quarter. Intech Investment Management LLC now owns 42,033 shares of the company’s stock worth $46,000 after acquiring an additional 26,783 shares during the period. Royce & Associates LP lifted its position in AMMO by 35.8% during the 4th quarter. Royce & Associates LP now owns 44,022 shares of the company’s stock worth $48,000 after acquiring an additional 11,614 shares during the last quarter. Finally, Sei Investments Co. acquired a new position in AMMO during the 4th quarter worth $69,000. 26.40% of the stock is currently owned by institutional investors and hedge funds.

AMMO Trading Up 1.6 %

Shares of NASDAQ:POWW opened at $1.88 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.87 and a current ratio of 3.17. The stock’s 50-day moving average is $1.48 and its 200-day moving average is $1.38. The company has a market cap of $223.26 million, a P/E ratio of -8.95 and a beta of 1.13. AMMO, Inc. has a 52-week low of $0.95 and a 52-week high of $2.86.

About AMMO

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.