American Outdoor Brands Corporation (AOBC) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its stake in shares of American Outdoor Brands Corporation (NASDAQ:AOBC) by 25.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,530 shares of the company’s stock after selling 16,239 shares during the quarter. Russell Investments Group Ltd. owned 0.09% of American Outdoor Brands Corporation worth $1,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. bought a new stake in American Outdoor Brands Corporation during the first quarter valued at approximately $173,622,000. BlackRock Inc. bought a new stake in American Outdoor Brands Corporation during the first quarter valued at approximately $93,810,000. Dimensional Fund Advisors LP bought a new stake in American Outdoor Brands Corporation during the first quarter valued at approximately $39,185,000. State Street Corp lifted its position in American Outdoor Brands Corporation by 3.3% during the first quarter. State Street Corp now owns 971,425 shares of the company’s stock valued at $19,244,000 after purchasing an additional 31,360 shares during the last quarter. Finally, Prudential Financial Inc. bought a new stake in American Outdoor Brands Corporation during the first quarter valued at approximately $17,611,000. Institutional investors and hedge funds own 72.61% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “American Outdoor Brands Corporation (AOBC) Shares Sold by Russell Investments Group Ltd.” was first published by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be read at https://www.tickerreport.com/banking-finance/2886998/american-outdoor-brands-corporation-aobc-shares-sold-by-russell-investments-group-ltd.html.

Shares of American Outdoor Brands Corporation (NASDAQ AOBC) traded up 5.94% during midday trading on Tuesday, hitting $14.10. 1,388,911 shares of the stock were exchanged. American Outdoor Brands Corporation has a 52-week low of $13.29 and a 52-week high of $28.57. The firm’s 50-day moving average is $18.63 and its 200 day moving average is $20.78. The firm has a market cap of $759.78 million, a PE ratio of 6.27 and a beta of 0.11.

American Outdoor Brands Corporation (NASDAQ:AOBC) last posted its earnings results on Thursday, September 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.09). The firm had revenue of $129.02 million for the quarter, compared to the consensus estimate of $147.24 million. American Outdoor Brands Corporation had a net margin of 10.96% and a return on equity of 27.91%. The firm’s revenue was down 37.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 earnings per share. On average, analysts forecast that American Outdoor Brands Corporation will post $1.28 earnings per share for the current year.

Several brokerages have issued reports on AOBC. Zacks Investment Research lowered shares of American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Wunderlich reiterated a “hold” rating and set a $22.00 target price on shares of American Outdoor Brands Corporation in a research report on Friday, June 23rd. ValuEngine lowered shares of American Outdoor Brands Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Wedbush lifted their target price on shares of American Outdoor Brands Corporation from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, June 2nd. Finally, Jefferies Group LLC reiterated a “hold” rating on shares of American Outdoor Brands Corporation in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. American Outdoor Brands Corporation presently has a consensus rating of “Hold” and an average target price of $19.37.

American Outdoor Brands Corporation Profile

American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation, is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and outdoor enthusiast. The Company operates through two segments. The Firearms segment manufactures handgun and long gun products sold under the Smith & Wesson, M&P and Thompson/Center Arms brands, as well as providing forging, machining and precision plastic injection molding services.

Institutional Ownership by Quarter for American Outdoor Brands Corporation (NASDAQ:AOBC)

Receive News & Ratings for American Outdoor Brands Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Outdoor Brands Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.