Acadian Asset Management LLC Has $1.91 Million Stock Holdings in American Outdoor Brands, Inc. $AOUT

Acadian Asset Management LLC lifted its holdings in American Outdoor Brands, Inc. (NASDAQ:AOUT) by 82.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 157,704 shares of the company’s stock after buying an additional 71,229 shares during the period. Acadian Asset Management LLC owned about 1.24% of American Outdoor Brands worth $1,913,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AOUT. Jane Street Group LLC acquired a new stake in American Outdoor Brands during the fourth quarter valued at $460,000. Bank of America Corp DE boosted its position in American Outdoor Brands by 1,469.5% during the fourth quarter. Bank of America Corp DE now owns 10,390 shares of the company’s stock valued at $158,000 after purchasing an additional 9,728 shares during the last quarter. Millennium Management LLC acquired a new stake in American Outdoor Brands during the fourth quarter valued at $673,000. American Century Companies Inc. boosted its position in American Outdoor Brands by 307.6% during the first quarter. American Century Companies Inc. now owns 105,838 shares of the company’s stock valued at $1,287,000 after purchasing an additional 79,869 shares during the last quarter. Finally, Gabelli Funds LLC boosted its position in American Outdoor Brands by 9.4% during the first quarter. Gabelli Funds LLC now owns 69,756 shares of the company’s stock valued at $848,000 after purchasing an additional 6,020 shares during the last quarter. Institutional investors and hedge funds own 49.87% of the company’s stock.

American Outdoor Brands Stock Performance

American Outdoor Brands stock opened at $8.77 on Wednesday. The business’s 50-day simple moving average is $9.55 and its 200-day simple moving average is $11.02. The firm has a market capitalization of $111.03 million, a PE ratio of -23.70 and a beta of 0.39. American Outdoor Brands, Inc. has a 52 week low of $8.10 and a 52 week high of $17.91.

American Outdoor Brands (NASDAQ:AOUT) last posted its quarterly earnings data on Thursday, June 26th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.15. The business had revenue of $61.94 million for the quarter, compared to analyst estimates of $48.46 million. American Outdoor Brands had a positive return on equity of 2.00% and a negative net margin of 2.16%. Research analysts forecast that American Outdoor Brands, Inc. will post 0.36 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on AOUT shares. Wall Street Zen lowered American Outdoor Brands from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Lake Street Capital restated a “buy” rating and set a $19.00 target price (down from $20.00) on shares of American Outdoor Brands in a report on Friday, June 27th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, American Outdoor Brands currently has a consensus rating of “Buy” and a consensus price target of $19.00.

About American Outdoor Brands

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.