Outdoor Holding Company (NASDAQ:POWW) Position Increased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its position in shares of Outdoor Holding Company (NASDAQ:POWW) by 53.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 131,720 shares of the company’s stock after acquiring an additional 46,040 shares during the period. Cambridge Investment Research Advisors Inc. owned 0.11% of Outdoor worth $182,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. ProShare Advisors LLC grew its position in shares of Outdoor by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 25,262 shares of the company’s stock worth $28,000 after acquiring an additional 8,312 shares during the last quarter. Prudential Financial Inc. bought a new position in shares of Outdoor during the fourth quarter worth about $41,000. Intech Investment Management LLC grew its position in shares of Outdoor by 175.6% during the fourth 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 last quarter. Royce & Associates LP grew its position in shares of Outdoor by 35.8% during the fourth 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, Wells Fargo & Company MN grew its position in shares of Outdoor by 38.2% during the fourth quarter. Wells Fargo & Company MN now owns 63,169 shares of the company’s stock worth $69,000 after acquiring an additional 17,467 shares during the last quarter. Institutional investors own 26.40% of the company’s stock.

Outdoor Stock Down 4.1%

Shares of POWW opened at $1.16 on Tuesday. The firm has a 50-day moving average price of $1.52 and a 200 day moving average price of $1.53. The firm has a market capitalization of $135.85 million, a PE ratio of -2.52 and a beta of 1.09. Outdoor Holding Company has a 52-week low of $0.95 and a 52-week high of $2.14.

Analyst Upgrades and Downgrades

Several research firms have recently commented on POWW. Wall Street Zen lowered shares of Outdoor from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. Lake Street Capital decreased their target price on shares of Outdoor from $3.00 to $2.00 and set a “buy” rating for the company in a research report on Monday, June 23rd.

Outdoor Company Profile

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.