Renaissance Technologies LLC Purchases 1,600 Shares of American Outdoor Brands, Inc. (NASDAQ:AOUT)

Renaissance Technologies LLC grew its position in American Outdoor Brands, Inc. (NASDAQ:AOUT) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 271,068 shares of the company’s stock after purchasing an additional 1,600 shares during the quarter. Renaissance Technologies LLC owned about 2.10% of American Outdoor Brands worth $2,440,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Empowered Funds LLC grew its stake in American Outdoor Brands by 7.6% during the 1st quarter. Empowered Funds LLC now owns 19,936 shares of the company’s stock worth $175,000 after buying an additional 1,400 shares during the last quarter. Diversified Investment Strategies LLC increased its holdings in shares of American Outdoor Brands by 103.4% during the first quarter. Diversified Investment Strategies LLC now owns 60,000 shares of the company’s stock valued at $528,000 after acquiring an additional 30,500 shares in the last quarter. Confluence Investment Management LLC purchased a new stake in shares of American Outdoor Brands during the first quarter valued at $2,314,000. Finally, Gamco Investors INC. ET AL raised its position in American Outdoor Brands by 9.2% during the 1st quarter. Gamco Investors INC. ET AL now owns 290,063 shares of the company’s stock worth $2,553,000 after buying an additional 24,400 shares during the last quarter. 49.87% of the stock is owned by institutional investors and hedge funds.

American Outdoor Brands Stock Performance

Shares of AOUT stock opened at $8.78 on Wednesday. American Outdoor Brands, Inc. has a fifty-two week low of $7.19 and a fifty-two week high of $10.00. The stock’s fifty day moving average is $8.94 and its two-hundred day moving average is $8.61. The firm has a market capitalization of $113.22 million, a P/E ratio of -9.24 and a beta of 0.37.

American Outdoor Brands (NASDAQ:AOUT) last posted its quarterly earnings results on Thursday, September 5th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.08. American Outdoor Brands had a negative net margin of 5.27% and a positive return on equity of 0.81%. The firm had revenue of $41.64 million for the quarter, compared to analyst estimates of $40.50 million. On average, equities analysts forecast that American Outdoor Brands, Inc. will post 0.28 earnings per share for the current year.

Analyst Ratings Changes

Separately, Roth Mkm upped their price objective on shares of American Outdoor Brands from $10.50 to $11.00 and gave the stock a “buy” rating in a research report on Monday, September 16th.

American Outdoor Brands Company 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.