Deutsche Bank AG Sells 159,993 Shares of Outdoor Holding Company $POWW

Deutsche Bank AG reduced its stake in Outdoor Holding Company (NASDAQ:POWW) by 68.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 73,616 shares of the company’s stock after selling 159,993 shares during the quarter. Deutsche Bank AG owned approximately 0.06% of Outdoor worth $102,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of POWW. Cambridge Investment Research Advisors Inc. grew its stake in shares of Outdoor by 53.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 131,720 shares of the company’s stock worth $182,000 after acquiring an additional 46,040 shares in the last quarter. Kanen Wealth Management LLC bought a new position in shares of Outdoor during the first quarter valued at about $5,109,000. Bank of America Corp DE boosted its holdings in Outdoor by 14.0% during the fourth quarter. Bank of America Corp DE now owns 213,196 shares of the company’s stock worth $235,000 after purchasing an additional 26,256 shares during the last quarter. Voya Investment Management LLC grew its position in Outdoor by 6.1% in the 4th quarter. Voya Investment Management LLC now owns 123,566 shares of the company’s stock worth $136,000 after purchasing an additional 7,148 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Outdoor by 38.2% in the 4th quarter. Wells Fargo & Company MN now owns 63,169 shares of the company’s stock worth $69,000 after purchasing an additional 17,467 shares in the last quarter. 26.40% of the stock is currently owned by institutional investors.

Outdoor Stock Down 0.7%

Outdoor stock opened at $1.43 on Tuesday. The firm has a 50 day moving average price of $1.27 and a 200-day moving average price of $1.47. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.10. Outdoor Holding Company has a twelve month low of $0.95 and a twelve month high of $2.14. The company has a market capitalization of $167.47 million, a P/E ratio of -3.11 and a beta of 1.19.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on POWW shares. Zacks Research raised shares of Outdoor from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Lake Street Capital dropped their price target on Outdoor from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Monday, June 23rd. Finally, Wall Street Zen raised Outdoor from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $1.75.

About Outdoor

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.