Argos Wealth Advisors LLC Takes Position in American Outdoor Brands, Inc. $AOUT

Argos Wealth Advisors LLC acquired a new stake in shares of American Outdoor Brands, Inc. (NASDAQ:AOUT) during the fourth quarter, Holdings Channel reports. The fund acquired 126,185 shares of the company’s stock, valued at approximately $975,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. bought a new position in shares of American Outdoor Brands in the 1st quarter worth about $163,000. Goldman Sachs Group Inc. lifted its position in shares of American Outdoor Brands by 58.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 60,110 shares of the company’s stock worth $731,000 after buying an additional 22,232 shares during the last quarter. Empowered Funds LLC lifted its position in shares of American Outdoor Brands by 8.4% in the 1st quarter. Empowered Funds LLC now owns 25,399 shares of the company’s stock worth $309,000 after buying an additional 1,972 shares during the last quarter. Jane Street Group LLC lifted its position in shares of American Outdoor Brands by 76.5% in the 1st quarter. Jane Street Group LLC now owns 53,240 shares of the company’s stock worth $647,000 after buying an additional 23,070 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of American Outdoor Brands by 104.7% in the 2nd quarter. Geode Capital Management LLC now owns 293,683 shares of the company’s stock worth $3,070,000 after buying an additional 150,202 shares during the last quarter. 49.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of American Outdoor Brands in a research report on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $12.50.

American Outdoor Brands Trading Down 3.8%

American Outdoor Brands stock opened at $8.93 on Wednesday. The stock has a market cap of $112.52 million, a price-to-earnings ratio of -11.45 and a beta of 0.28. The company’s 50-day moving average price is $9.07 and its two-hundred day moving average price is $8.39. American Outdoor Brands, Inc. has a 52 week low of $6.26 and a 52 week high of $13.46.

American Outdoor Brands Company Profile

American Outdoor Brands, Inc designs, manufactures and distributes a broad range of outdoor sports and recreational products for consumers and commercial end users. Through its Shooting & Accessories and Functional Outdoor Approaches segments, the company offers shooting sports equipment, hunting and fishing accessories, archery gear, tactical and personal defense solutions, outdoor apparel, fitness products and knife and tool categories. Its portfolio encompasses well-known brands such as Wheeler®, Tipton®, Caldwell®, Hogue®, Manticore Arms® and other specialty labels.

Formed as a standalone public company in 2016 following a spin-off from Smith & Wesson, American Outdoor Brands has its headquarters in Columbia, Missouri, with manufacturing, distribution and sales operations across North America.